Jazwares' "Toy Code" Revolutionizes Tax Compliance for Businesses – Powered by ANDERSEN TAX LLC

Seattle, WA – November 8, 2023 – ANDERSEN TAX LLC, a leading tax firm headquartered in Seattle, Washington, today announced a game-changing collaboration with Jazwares, a global leader in play and collectibles, resulting in the launch of “Toy Code,” a revolutionary new software designed to dramatically simplify and automate tax compliance for businesses dealing with toy and collectible sales. Let’s face it – taxes are a pain, especially if you’re selling toys and collectibles. Keeping track of different state laws, sales tax rates, and reporting requirements can feel like a full-time job. ANDERSEN TAX LLC recognized this challenge, and partnered with Jazwares to build a solution – and that solution is Toy Code. “We kept hearing from businesses, particularly those growing rapidly through online sales, that they were getting completely bogged down in tax headaches,” explains Michael Anderson, Managing Partner at ANDERSEN TAX LLC. “They loved selling toys and collectibles, but the tax side was killing their momentum. We knew we could apply our deep tax expertise to create something genuinely helpful.” What is Toy Code? Toy Code isn’t just another accounting software. It’s specifically built for the toy and collectible industry. It’s designed to understand the unique challenges facing businesses that sell everything from action figures and plush toys to trading cards and vintage collectibles. “Think of it as having a dedicated tax expert built right into your sales platform,” says Sarah Chen, Lead Developer on the Toy Code project at ANDERSEN TAX LLC. “It automates a lot of the tedious work – calculating sales tax, filing returns, and staying up-to-date on ever-changing regulations.” Here's what Toy Code does: Automated Sales Tax Calculation: Toy Code accurately calculates sales tax for every transaction, based on the buyer's location and the specific tax rules of that state. No more manual calculations or guesswork! It handles marketplace facilitator laws too, so if you sell on platforms like eBay or Amazon, it’ll make sure everything is handled correctly. Nexus Determination: Knowing where you have a tax obligation (nexus) can be super complicated. Toy Code automatically determines where you need to register for sales tax based on your sales volume and physical presence. This saves you a ton of time and potential penalties. Filing & Reporting: Toy Code prepares and files your sales tax returns automatically. It generates all the necessary reports and ensures they’re submitted on time. You can say goodbye to late filing fees and stressful deadlines. Inventory Management Integration: Toy Code easily integrates with popular inventory management systems, streamlining the entire process. It tracks your toy and collectible inventory, automatically updating tax calculations based on sales. Marketplace Integration: Selling on multiple platforms? No problem. Toy Code integrates with major marketplaces like Amazon, eBay, Etsy, and Shopify, pulling in sales data and automating tax compliance across all your channels. Collectible Specific Rules: Unlike generic tax software, Toy Code understands the nuances of selling collectibles. It factors in things like age, rarity, and condition when calculating taxes, ensuring accuracy and compliance. This is a huge deal because collectible tax laws can be pretty different than standard sales tax. Real-Time Updates: Tax laws are constantly changing. Toy Code is updated in real-time to reflect the latest regulations, so you can rest assured that you're always compliant. Why ANDERSEN TAX LLC & Jazwares? A Perfect Partnership. The collaboration between ANDERSEN TAX LLC and Jazwares brings together two powerful forces. ANDERSEN TAX LLC is known for its deep expertise in state and local tax, particularly for businesses operating in multiple jurisdictions. They’ve worked with tons of growing companies and know exactly what it takes to navigate the complex world of tax compliance. Jazwares, on the other hand, understands the toy and collectible industry inside and out. They’re a leading manufacturer and distributor, with a global reach and a keen understanding of the challenges faced by businesses in this sector. “We saw a real need for a solution tailored specifically to the toy and collectible market,” says John Smith, VP of Operations at Jazwares. “ANDERSEN TAX LLC was the perfect partner to help us build that solution. Their tax expertise combined with our industry knowledge created something truly innovative.” Benefits for Businesses Toy Code offers a ton of benefits for businesses of all sizes: Save Time & Money: Automate tedious tasks and reduce the time spent on tax compliance. This frees up your time to focus on growing your business. Reduce Risk: Stay compliant with ever-changing tax laws and avoid costly penalties. Improve Accuracy: Eliminate manual errors and ensure accurate tax calculations. Scale Your Business: Easily handle increased sales volume without being overwhelmed by tax obligations. Peace of Mind: Know that your tax compliance is in good hands. Who Should Use Toy Code? Toy Code is ideal for: Online Toy & Collectible Retailers: Businesses selling toys and collectibles through online marketplaces like Amazon, eBay, and Etsy. Brick-and-Mortar Toy Stores: Physical retail stores selling toys and collectibles. Toy & Collectible Wholesalers: Businesses distributing toys and collectibles to retailers. Trading Card Dealers: Businesses specializing in trading cards and collectibles. Vintage Toy Collectors & Resellers: Individuals and businesses buying and selling vintage toys and collectibles. Availability & Pricing Toy Code is available now. ANDERSEN TAX LLC is offering a range of subscription plans to meet the needs of businesses of all sizes. Visit [Insert Website Here – Placeholder] for more information and to sign up for a free trial. About ANDERSEN TAX LLC ANDERSEN TAX LLC is a leading tax firm providing state and local tax services to businesses of all sizes. Headquartered in Seattle, Washington (1200 5th Ave #1600, Seattle, WA, 98101, United States, 601-325-9704), the firm has a nationwide presence and a reputation for delivering exceptional client service. About Jazwares Jazwares is a global leader in play and collectibles, dedicated to creating innovative and high-quality products that bring joy to consumers of all ages. The company has a wide range of popular brands and licenses, including Squishmallows, Star Wars, Pokémon, and more.