TTR Releases Largest Number of Sales & Use Tax Answers for Cloud Computing

Thursday, September 3rd, 2015

 
 
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McMinnville, Oregon - September 3, 2015 - TTR, the leading supplier of sales and use tax answers to the largest companies in the U.S., announced today that its Cloud Computing Library contains the most comprehensive collection of sales and use tax answers for cloud computing in the U.S.

TTR's Cloud Computing Library covers four major areas: Software as a Service (SaaS), Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Application Platform as a Service (aPaaS). TTR subscribers in the technology industry asked TTR for assistance in determining how to tax cloud computing software and services. In response, TTR researched the taxability of cloud computing software and services across all states and added thousands of tax answers and explanations to its Cloud Computing Library.

Generally, SaaS, also known as application service provider or "ASP" software, is a transaction in which a purchaser pays to access and use software over the Internet but does not download the software on their computer or other device. IaaS is a transaction in which a purchaser pays to access computer servers, storage, processing capacity, networks, and/or operating systems, but does not manage or control those systems. PaaS and aPaaS are transactions in which a purchaser pays to use development software (i.e., software used to create software programs) over the Internet, along with the servers and/or other computing infrastructure on which the development software runs.

"The taxability of cloud computing software and services is still an evolving area," said Patrick Smith, Executive Vice President at TTR. "The manner in which states approach this issue, and the variation in approaches and answers has, understandably, led to confusion among taxpayers. By using TTR, subscribers now have the ability to immediately obtain answers, saving hundreds of hours of valuable research time."

TTR is pleased to provide this content to its subscribers in the technology industry.


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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