Double Taxing the Cloud New cloud taxes in Idaho are further proof that it’s time to look for a standardized solution. The news hasn’t made waves in the wider media, but when I heard that Idaho might start taxing cloud services, it definitely made me sit up and take notice. If you haven’t read about it, the Wall Street Journal has a great breakdown of exactly what happened. Some of the details of the case really jump out. In particular, Idaho doesn’t normally tax services. That means an accountant in Idaho isn’t subject to sales tax, while a cloud provider
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How The Accounting Industry Is Being Changed By Cloud Computing The market for accounting and tax services are in quandary primarily because customers are gearing towards bookkeeping services which are less costly and that big accountancy firms are pushing other players out of the high-priced market. However, all is not lost. Accountants must see it as a challenge. With the current financial difficulties everyone is facing, accountants can offer more value-for-money services to small and medium-sized enterprises. Instead of the yearly client discussions, accountants must be prepared to offer interactive services in order to meet the requirements of these SMES
