July 6, 2022
Bloomberg Exchange published a tax insights article by State & Local Tax Leader John Bonk, about the imperative for SaaS companies to understand their state tax exposure.
Bloomberg Exchange
By John Bonk, National State & Local Tax Leader
Excerpt:
Many [software-as-a-service providers] don’t recognize that even minimal contact with a state is enough to force compliance with sales tax rules. Further, while companies are generally aware that physical products are subject to sales tax, they may not understand that digital products and services can also be taxable.
