Humans like things that are simple. And I think store owners like simplicity best of all. You like to check items off your checklists, or archive them in your project management apps, secure in the knowledge that you’ve dealt with them and can move on.
I talk to a lot of store owners based in the US, and have noticed a few common reactions to the not-at-all-simple task that is dealing with state sales tax. Most opt for the “do it yourself” method. This works great until the business starts to grow and thrive. Then sales tax becomes a time-consuming nightmare that doesn’t fit neatly into a to do list.
Others go all out and hire a sales tax accountant to take care of everything for them. This is expensive, and is also often overkill. There’s also the “bury your head in the sand” method — ignore it and hope it goes away. That just a bad idea all around.
My philosophy is that, with the right combination of education and sales tax automation, store owners can make short work of their sales tax burdens. You can start on the education aspect of this by giving yourself a yearly tax checkup.
Let’s get started on your yearly tax checkup. But first, I’ll explain why this all seems so complex.