Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the budget to hire an accountant, making it yourself can be dangerous. If you make a mistake it could mean you have to do it all over again!
Most people want to skipping this step. But since it’s required, we have no choice.
What can we do ?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can help you. Although this is quite an extensive read, you should be able to determine if TaxJar is what you need today.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, we’ll dive right into.
What is TaxJar Why Are My Shopify Sales Totals Different Than TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of the sales channels you use to make sure you’re in compliance with your sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to keep everything simple and organized. Let’s look into their features and services.
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Services and features
Integration
One of the first things you’ll need to ensure is that your accounting tax platform seamlessly works well along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. So, there’s no need to collect data from different channels and then organize it on a single platform. All you have to do is to integrate TaxJar, then the system will do the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows clients to make sales tax filings manually or through the AutoFile feature. For this review, we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing tax returns for income, the team will instruct you on how to handle the tax returns. However, it will be up for you and your team members to complete everything on time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything will be automated, from calculating taxes on sales in order to record and process them. But, it is possible to incur additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your team can access everything you need, such as a list of your transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you keep track of how much you’ve accumulated, but they also help you determine when your next payment is due.
The dashboard allows you to fully view the total sales tax in your business. Additionally, you can export your data as a CSV file in case you require it in your accounting and financial planning processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the channels you sell through. That means you won’t have to scramble for your documents when you need them in a pinch. Even even if you already have an accountant, this function will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have for other operational expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides or blog posts for additional details. Apart from that, their sales tax calculator should be useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company proprietor, then this program should be ideal for you. It might not include all of TaxJar’s features but it comes with the essentials that you need.
You can also contact their customer support via their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking for something different from the basic features, then the Professional plan may be the best option for you. The price starts at $99 but you can increase it when you add additional features.
So how different is it from the basic plan?
Apart from having access to each of Starter plan’s features, you also get access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you run a large business, you might need to go for the Premium plan instead. It includes all of the features you need to aid in your tax preparation. In addition, they offer unlimited integrations with data imports Integrations with APIs, teams of users, and AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. Why Are My Shopify Sales Totals Different Than TaxJar
But they did state that this plan is customized for every user. So the costs will vary in line with what you require for your business.
Free Trial
It’s a good thing that you don’t have to gamble your money just to see if this platform is the right one for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to gauge whether the service is the right choice for you.
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Pros and Pros and
After we’ve gone over everything you need to know about TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of making use of TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then you should try this.
It’s not just a way to assist you in keeping track of your products and revenue however, it will help you meet your deadlines. It is also a great platform for an accountant since they provide a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to meet. If you’re living in a region with a lot of tax laws, this will definitely help you get your mind around it. Why Are My Shopify Sales Totals Different Than TaxJar
However, if managing taxes is easy, then TaxJar could be a waste of investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you find the entire process easy to do, you might be better off doing it by yourself.
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FAQ Why Are My Shopify Sales Totals Different Than TaxJar
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar determines the tax.
