article thumbnail

SaaS Sales Tax and What You Need to Know [2020] | ProfitWell

ProfitWell

Software accessed by the cloud Here is what we refer to when we talk about software-as-a-service. New York New York's Department of Taxation and Finance has issued several opinions stating that cloud-based software is taxable and therefore requires you to collect sales tax on SaaS products. 21 states that tax SaaS sales in 2020.