Cherry Bekaert | Industry Issues: Technology

What is the True Object Test for Technology Companies

Technology companies face many hurdles in this new eCommerce economy, including how to classify a product or service that is sold. Is it tangible personal property (“TPP”) or is it a service? This simple question may seem easy to answer until you dive into the nuances that determine how your product is classified. This is known in the sales and use tax world as the True Object Test. In other words; how will the various states classify your particular product; as a service or as TPP?

What is the True Object Test for Technology Companies

Technology companies face many hurdles in this new eCommerce economy, including how to classify a product or service that is...

Terrisha Pulte, CMI

By Terrisha Pulte, CMI on August 07, 2019

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Alabama Gets Green Light to Tax All Software Purchases

The Alabama Supreme Court ruled in May 2019 that the sale of custom computer software and related equipment is subject to the...

Lauren Stinson, CMI

By Lauren Stinson, CMI on June 17, 2019

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Sourcing is Key to Sales Tax Compliance for Technology Companies

How does the Wayfair ruling impact technology companies? The answer is complicated but the question should not be ignored. In...

Chris Grimes, CPA

By Chris Grimes, CPA on June 13, 2019

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Size Doesn’t Matter: Economic Nexus Impacts Small & Large Sellers

Nexus has experienced a metamorphosis. Now, size doesn't matter. Ecomonic nexus impacts small and large sellers. Regardless of...

Lauren Stinson, CMI

By Lauren Stinson, CMI on March 19, 2019

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