Taxes have always been one of the most difficult things to handle, whether you’re running your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford the funds to employ an accountant, making it your own could be risky. If you miss one detail and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skipping this step. But since it’s required, we have no choice.
What can we do ?
We can always make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can assist you. Even though this is a long read it is possible to determine if TaxJar is what you need today.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What exactly is TaxJar? TaxJar Work With Shopify
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to keep everything organized and straightforward. Let’s explore their features and services.
Services and features
One of the first things you’ll need to make sure is that your accounting tax system perfectly integrates along with sales funnels. If you’re using multiple sales channels, you must maintain everything in line. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to display your key metrics in one spot. So, there’s no need to gather data in multiple channels and then organize it on one platform. All you need to do is to integrate TaxJar, and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they can integrate with:
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. For this review, we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns The team will guide you on managing these. It is up to you and your team to complete the process in time. TaxJar is there to help you understand what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes to recording and processing it. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be put together into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to all the information you need, like an inventory of your transactions, reports, and data.
The greatest benefit of this feature is that they allow you to update automatically every day. Not only will they let to know the amount you’ve earned however, they can also help you determine when your next payments are due.
Their dashboard can also allow users to view in detail the total sales tax within your company. Additionally, you can export the information to CSV format. CSV file if you need it for your financial planning and accounting processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. This means that you don’t have to scramble for your documents when you’re in the event of a need. Even even if you already have an accountant, this feature can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operational expenses.
What’s more is that TaxJar provides training and tutorials and tutorials, not just on their platform, but all things connected to sales tax. Check out their webinars, guides as well as their blog to find more details. Apart from that their sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they can be too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They claim that it’s the most suitable plan for you if you need help with filing requirements and reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small-scale business proprietor, then this program should be ideal for you. It may not have all the features of TaxJar however, it does include all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also be able to use their integration tools.
If you’re looking for different from the basics and options, then the Professional plan might be the right one for you. It starts at $99, however, it could go up if you add custom features.
What is the difference from the original plan?
In addition to accessing every one of Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It has all of the features you need to make your tax filing easier. Moreover, they allow unlimited integrations with data imports Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff who are devoted in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Work With Shopify
However, they did say that this plan is customized for each user. The cost of the plan will be different according to what you require to run your business.
It’s a good thing that you don’t have to risk your money to find out if the platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should be enough time to determine if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you must be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the advantages and disadvantages of making use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have many sales channels and utilizes plenty of platforms. If that sounds like what you do, then you should try this.
Not only will it assist you in keeping track of your products and revenue however, it will assist you in meeting your deadlines. This is also an excellent option for accountants as they provide a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar will help you reduce time and keep track of every deadline or requirement you need to meet. If you’re in an area with complex tax laws, this will surely help you wrap your head around it. TaxJar Work With Shopify
If handling your taxes is straightforward, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Work With Shopify
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions are in USdollars. If you’re using another currency, you’ll have to convert it to USdollars before TaxJar will calculate your tax.