Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re full of things to be done. If you don’t have the funds to employ an accountant, making it yourself can be dangerous. If you miss one detail it could mean you have to do it all over again!
Almost everyone wants to skipping this step. But , as it’s a requirement, we have no choice.
What is the best way to deal with it?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can help you. Even though this is a long read it is possible to gauge whether TaxJar is the tool you require today.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, let’s get right into it.
What is TaxJar? TaxJar Shopify Integration
Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and finish within only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is organized and straightforward. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll need to make sure you have a tax accounting software is compatible with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The final thing you would like is to get a penalty for missing a single minor point.
TaxJar lets you display your key metrics in one spot. That way, there’s no requirement to collect information from multiple sources and sort it into one platform. All you have to do is connect TaxJar then the system will take care of the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you opt to go it alone, TaxJar will allow you to connect all of those sales tools. When the time is right for filing tax returns for income TaxJar will train you on how to handle them. However, it will be up for you and your team members to finish the tax returns within the timeframe. TaxJar will only help you understand what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales tax to recording and processing them. There could be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform, you and your team will have access to all the information you need, like an inventory of your transactions, reports, and data.
The most appealing aspect of this feature is that it lets you to update automatically every day. Not only can they help you keep track of how much you’ve earned, but they also help you determine when your next payments are due.
Their dashboard can also allow you to fully view the overall sales taxes for your business. You can also export the information to a CSV file if you need it in your process of financial planning and accounting or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep track of all of the channels you sell through. That means you won’t have to search for your documents when you need them in the event of a need. Even when you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll be aware of the budget you have available for other operating costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also all things that has to do with sales tax. You can look through their webinars, guides, and blog for more information. Additionally, their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. For this reason we’ll examine TaxJar’s pricing structures and what each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. The company claims that it’s the best plan if you need help in filing and reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and an CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small-scale business manager, the plan should be perfect for you. It may not offer all of TaxJar’s features, but it has the basic features you require.
In addition, you can reach their customer support via their support chart for email. You’ll also have access to their integration tools.
If you’re looking for something that is more than the basics Professional could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
So how different is it from the starter plan?
In addition to having access to each of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive business, you might need to opt for an upgrade instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports as well as API integrationsfor team users and AutoFiles.
They also have a staff who are devoted for managing the account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Shopify Integration
However, they did mention that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require for your company.
It’s a good thing that you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to determine whether the software is the right choice for you.
Pros and Pros and
After we’ve gone over everything you must know about TaxJar let’s take a break. To summarize Here are the pros and cons of using TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
It’s not just a way to help you track your products and revenue, but it can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.
Using TaxJar can allow you to reduce time and keep on top of each deadline and requirement you have to fulfill. If you’re in an area with complex tax laws, this can certainly help you to get your mind around it. TaxJar Shopify Integration
However, if managing taxes is easy If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Shopify Integration
What areas does TaxJar provide API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions are in US$. If you’re using another currency, you’ll have to convert it to USdollars prior to when TaxJar determines your tax.