Opinions expressed by Entrepreneur contributors are their own.
Does the prospect of navigating the nation's 7,500-plus taxing jurisdictions leave you quivering? Or what about the possibility of being audited by a state over your tax collection obligations?
More than 20 states have agreed to a common set of definitions and procedures for taxing product categories under the Streamlined Sales Tax Project, an effort to radically simplify sales and use taxes. But perhaps more important, the states are encouraging companies to comply by footing the bill for automated processes that make compliance virtually painless.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
