The taxation of international SaaS transactions is complicated and not all worked out, but I thought I would summarize a few key points from a recent Grant Thornton article on the subject. Here are a few key things to think about: Permanent Establishment – this is accounting speak for do
I was presenting at the OpenView CFO Forum in Boston (on SAAS contracts) last week to their portfolio companies, and at the conference I learned quite a lot from the Grant Thornton tax presenters about the current state of confusion of the applicability of SAAS sales tax. GT wrote a short
I ran into Jay Howell (from BDO Seidman) at a SaaS seminar I presented at in Washington DC — he is the technical guru on SaaS accounting issues at BDO. A few points that resonated: 1) SaaS Accounting Rules Are Different. These rules are very different from typical rules regarding
3 Practical Things to Remember About Collecting Sales Tax on Software This is a complex issue, but here are a few practical things to remember. 1) This Is a State Law Issue. You have to look at the rules on a state-by-state basis. Some states don’t tax software, others do
From the perspective of a software copyright attorney, here are the 5 most important revenue recognition issues (based on my experience), for Software Agreements and SAAS Agreements. Acceptance. Make sure there is express language in the license agreement or order that states that the software is ‘accepted’ on the order
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