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Do You Use Software Provided from the Cloud?
Posted by Kristen Shepley on Tue, Nov 18, 2014 @ 09:31 AM

In August, the Financial Accounting Standards Board (FASB) issued another proposal under its Simplification Initiative to address how an entity should account for payments when it purchases the use of software hosted by a vendor (i.e. cloud computing arrangements). These arrangements are known as a "hosting arrangement," an example of which is the use of web-based Customer Relationship Management (CRM) software or any other web-based software.

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Topics: computer and software services, FASB, Cloud

Tax Update: Tax on Computer and Software Services in Massachusetts is Repealed
Posted by Kristen Shepley on Mon, Oct 14, 2013 @ 09:19 AM

A little over a month ago, we reported that the Commonwealth had passed new legislation significantly expanding the non-tangible items subject to sales and use tax to include the provision of computer system design services and also the modification, integration, enhancement, installation, or configuration of standardized software. 

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Topics: tax update, computer and software services, IT Vendors

Massachusetts Enacts Sales and Use Tax on Computer Services, and Market-Based Sourcing
Posted by Claudia Mullen on Wed, Aug 7, 2013 @ 07:06 AM

Attention businesses in Massachusetts: You are likely to pay more in sales and use taxes due to the Commonwealth’s newly passed finance law.

Massachusetts lawmakers voted on July 26, 2013 to override Gov. Deval Patrick’s veto of a proposed transportation finance bill (H. 3535). The newly passed legislation – which earmarks about $800 million per year to transportation needs – is intended to remedy some of the Commonwealth’s most pressing MBTA, road and bridge problems, and limit MBTA fare increases to 5 percent each year. (In 2012, MBTA fares rose 23 percent.)

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Topics: Market-Based Sourcing in Massachusetts, Market-Based Sourcing, Massachusetts, computer and software services, Claudia Mullen, Sales Tax, sales sourcing, sales and use tax

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