In this difficult economic environment, one way businesses are cutting costs is by outsourcing much of their software and information technology infrastructure to specialized providers of “cloud computing.” Accessing software and hardware maintained in a virtual environment offers many benefits to businesses, including minimizing upfront spending on hardware and software, decreased deployment time, and scalability. However, the rapid rise of the cloud has resulted in states taking a multitude of approaches regarding the taxation of these products and services.
Cloud computing raises many sales and use tax as well as income tax issues for both purchasers and providers. Please join us… …read more
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