The Role of Technology in Simplifying Multi-Jurisdiction Tax Filing

No one thinks of filing business taxes as a simple process. But that process becomes infinitely more complicated when you have a business spanning multiple jurisdictions — especially if those jurisdictions stretch across multiple states. 

For example, if your business is an S corp, you would not pay state taxes in Florida, but you would in North Carolina. Between managing reams of paper forms and seemingly endless login information for state and local government agencies, multi-jurisdiction filing is complex enough to give even the most seasoned tax professionals a headache.

Fortunately, once you understand how to use newer technologies — including cloud-based storage solutions, streamlined accounting software, and innovative tools like Taxscribe — you’ll find that multi-jurisdiction tax filing becomes simpler than ever.

Challenges of Multi-Jurisdiction Tax Filing

Filing taxes in even one jurisdiction involves several forms, and in many locations, those forms must be printed and mailed. If your business spans multiple jurisdictions, that process becomes much more tedious.

When you think of multiple jurisdictions, you might imagine filing returns with multiple states. That’s part of it, but certain counties have their own forms, deadlines, and specific regulations. Even if you only operate in one state, you could still be looking at filing forms with hundreds of local governments — in Texas alone, there are 254 separate counties!

Adding to the frustration is the fact that while most jurisdictions are asking for more or less the same information, there are small differences between forms that can be challenging to keep track of. If you don’t have an integrated data solution, you’ll be stuck manually filling out forms and poring over spreadsheets. When the filing process is this labor-intensive and time-consuming, it is easy to make some errors.

There’s a faster, better, more accurate way to handle even the most complex tax situations. When you choose the right technology for information sharing and integrated data management, you have accurate filings in a fraction of the time.

Technology in Tax Management

In recent years, tax technology has made unprecedented leaps forward. There’s so much more available than basic accounting software. While there are plenty of tools on the market, many of them include at least some of the major recent technologies:

• Data centralization (combines your tax information into one dashboard)
• AI-enhanced tax filing
• Automated collection and filing of necessary documents
• Compliance monitoring
• Real-time data analytics

Many new tax software solutions are also cloud-based. That might not sound revolutionary on its own, but cloud-based tax tools can be automatically updated and accessed from anywhere. They also facilitate collaboration, which is often an essential part of filing taxes for a multi-jurisdiction company.

Automation and AI are two of the most important developments in the new generation of tax tools, and they can save you from the tedium of data entry or document compilation. However, bear in mind that they don’t eliminate the need for human oversight. These new technologies are best used as assistants to tax pros — they aren’t meant to replace them entirely.

Taxscribe: Revolutionizing Multi-Jurisdiction Filing

In a world filled with new tax technologies, it can be challenging to choose the one that best fits your business. However, if you operate across multiple jurisdictions, Taxscribe can make your tax season a lot less stressful. Its features help simplify even the most overwhelming tax situations.

Centralized Forms

No need to dig through endless state and local government websites looking for every form you need. Taxscribe gathers the necessary forms and keeps them in one place. And because you can fill them out and file them online, there’s no need to print anything. It’s time to bring business tax filing into the 21st century.

User-Friendly Interface

Taxscribe uses an intuitive, easy-to-navigate interface that takes the stress out of doing your taxes. It also doesn’t require you to learn a completely new suite of tools — you can integrate it with most types of accounting software to create an effective all-in-one solution. And because it’s cloud-based, you can count on efficiency, data security, and convenient access from anywhere.

Support and Resources

You don’t have to handle the challenges of tax season alone. You can count on Taxscribe for expert insights, fast filing, easy form generation, and convenient status updates. And if you ever have questions, our support team is here to help.

Want to Spend 80% Less Time on Your Taxes?

In a perfect world, you could snap your fingers and your taxes would be done. That solution isn’t available (at least not yet), but Taxscribe can get you pretty close. Correctly and accurately filing sales and use tax forms — and any other required forms — is essential if you want to avoid legal sanctions, bad publicity, fines, and other negative consequences.

With Taxscribe, you can ensure your taxes are done faster and more accurately than ever before. Want to learn more about what Taxscribe Pro can do for you? You can experience it for yourself. Sign up today and get four free credits!