Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, especially when you’re packed with things to do. If you don’t have enough money to employ an accountant, doing it on yourself can be risky. If you overlook one thing, you might need to repeat the process!
Almost everyone wants to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do ?
We can simplify our lives by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can assist you. While this is an extensive read, you should be able to gauge whether TaxJar is the tool you require right now.
Are you looking to watch videos 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? Volusion TaxJar Integration
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It is a solution for your entire sales tax life cycle. In addition, you can apply it in all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by owners of online businesses to make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll want to check is that your accounting tax platform is compatible along with sales funnels. If you’re selling through multiple channels, you need to ensure that everything is in order. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. This means that there is no need to collect data from different channels and sort it into a single platform. All you need to do is to integrate TaxJar it will do all the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows clients to submit their sales tax manually or through the AutoFile feature. In the purpose of this article, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns TaxJar will train you on how to handle these. It is up for you and your team members to complete the process in time. TaxJar will only provide guidance on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating sales taxes to recording and processing them. There could be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease your accounting issues. The orders you place through your online channels can be compiled into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to everything you need, such as an inventory of your transactions, reports, and data.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help you know how much you’ve accumulated, but they also help you track when your following payment is due.
Their dashboard also allows users to view in detail the sales tax totals for your business. You can also export the information in the form of a CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the sales avenues you use. It means you don’t need to search for your documents when you need them in a pinch. Even if you already have your accountant, this feature can help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating expenses.
What’s more is that TaxJar offers tutorials and training not only on their platform, but for anything connected to sales tax. You can check out their webinars, guides, and blog for more information. Apart from that, their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing tiers and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most suitable plan for you to help you in filing and reporting. It comes with sales tax reporting, four free yearly AutoFiles, and a CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a smaller company owner, this plan could be perfect for you. It might not include all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration features.
Professional
If you’re looking to get different from the standard features, then the Professional plan could be the one for you. The price starts at $99 however, it could go up when you add additional features.
What is the difference from the basic plan?
In addition to accessing all of the Starter plan’s options, you also have access to their phone customer support access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to go for an upgrade instead. It comes with all the features that you require to make your tax filing easier. Additionally, they permit unlimited import integrations of data as well as API integrations, team users, and AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge how much the Premium plan is going to cost. Volusion TaxJar Integration
But they did state that this plan is customized to each user. So the costs will vary depending on what you need for your business.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to determine if the platform is a good fit for you.
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Pros and Cons
Now that we’ve covered all you need to know about TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your company.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for businesses with many sales channels and utilizes numerous platforms. If that sounds like what you’re doing, then ought to try this.
Not only can it aid in tracking the sales and profits of your business however, it will assist you in meeting the deadlines you set. This is also an excellent option for accountants as they have the Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Using TaxJar can allow you to save more time while keeping on top of each deadline and obligation you have to fulfill. If you’re living in an area with complex tax regulations, this will surely help you wrap your head around it. Volusion TaxJar Integration
However, if managing your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two channels of sales, TaxJar won’t be needed to track everything. If you find the entire procedure simple to follow, you might be better off doing it by yourself.
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FAQ Volusion TaxJar Integration
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into USdollars prior to when TaxJar can calculate your tax.
