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Hi Peter, this might not be directly from your ballpark, but perhaps you have thoughts on this. I wonder what is your recent experience on SaaS businesses and
by throwawaytax31 5y ago
Hi Peter,
this might not be directly from your ballpark, but perhaps you have thoughts on this.
I wonder what is your recent experience on SaaS businesses and tax liability? With recent changes across the globe, SaaS companies are responsible for emitting sales taxes in the country of the customer.
Do early-stage startups try to handle this on their own (using specialized accountants) and services like TaxJar, or do you see a movement to use Merchant of Record providers, who handle all taxation on the SaaS' behalf (like paddle.com)?
What are the potential liabilities for neglecting these issues for too long?
- proberts 5y agoUnfortunately this is outside my area although they appear to be important issues.