Telecom Tax Blog

    The Five Best and Five Worst States for Starting a Telecom Solutions Provider Business

    Posted on Mon, Sep 16, 2013 @ 01:00 PM

    Are you thinking of becoming a solutions provider?  If so, what are the Five Best States for starting a technology business?  What are the Five Worst?

    CRN published an interesting article that looked at a broad range of criteria.  Here are the lists and brief explanations.  But, no matter where you start your business, SureTax can deliver your telecom tax solution, including VAT calculations for over 200 countries.

    Top Five

    #1 Utah.  Tech savvy and very pro-business.
    #2 Virginia.  Low taxes, limited regulations, sizable pool of educated workers and a virtually recession-proof economy.
    #3. Colorado
    #4. Washington
    #5. Maryland
     

    Bottom Five

    #50.  West Virginia.  Limited pool of IT educated workers and very limited business opportunities.
    #49.  Hawaii.  High labor costs and business expenses, taxes and regulatory environment, and business opportunity.
    #48. Wyoming
    #47. Arkansas
    #46. Mississippi

    Tags: telecom tax, voip tax, telecom taxes, telecommunications taxes, voip taxes, VAT tax, cloud computing

    US Suppliers of Digital Services being Targeted by UK for VAT Tax

    Posted on Fri, Sep 14, 2012 @ 11:08 AM

    Are you selling digital goods and services in the EU?

    We've heard that the UK is targeting US digital services sellers to ensure VAT compliance.  All companies outside of the European Union (like the United States) are required to register, collect and remit VAT tax.

    By digital services, we mean:

    • Software downloads
    • Content like digital music, games and video
    • Online images, databases and information
    • Webhosting
    • Cloud computing
    • eBooks
    • Website subscriptions
    SureTax® provides tax calculation solutions for digital services in the EU.  We can help with your EU tax calculation and compliance needs.

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    Tags: telecom tax, telecom taxes, VAT tax, cloud computing, digital goods, digital services

    Technology and Cloud Computing - Ahead of Regulation

    Posted on Mon, Jul 23, 2012 @ 09:14 AM

    At SureTax, we deliver Sales Tax solutions through the cloud, so we're always interested in what's going on with cloud computing and regulation.  Also, as developers, we like to think that we stay ahead of the curve.  So, this recent article caught our eye, once again proving that technology always seems to stay at least a step ahead of regulation.

    On July 10th, the Federal Financial Institutions Examination Council issued a four page report In explains how banking institutions should apply existing guidance to deals they sign for outsourced cloud based deals.

    Four pages?  That seems a bit thin.  Is that disappointing?  Sure.  Is it surprising?  No.

    No one should be surprised that regulators are a bit behind the curve in their understanding of cloud computing issues.  From steam engines to mobile phones to high speed internet, regulators have been behind the curve.  

    Why?  Guidance on new technology matters tends to trickle up from practitioners, not down from regulators.

    Francoise Gilbert, an attorney at the IT LAW GROUP says the FFIEC report is far too shallow to offer banks and credit unions any real insights about precautions they should take when considering cloud computing.

    The FFIEC suggests that when considering cloud computing, banks and credit unions continue to follow the same fundamental guidelines and risk strategies outlined in the FFIEC Information Technology Examination Handbook, especially the Outsourcing Technology Services Booklet.  

    That's interesting, but not insightful.  Cloud computing has issues beyond just outsourced technology. 

    Give it time.  The regulators will collect data, sort out what's happening in practice and will provide useful guidelines.  It will just take a while.

    Read more about the matter here.  

     

     

    Tags: cloud computing

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