It is used by business and government to classify business establishments according to type of economic activity or industry. The main purpose of the NAICS is to collect, analyze and publish statistical information about the economy. By: John Abel on December 9th, Government Business Development 3 Min Read.
But like many, questions still linger about their true meaning and function. These often come up in the world of GSA and government contracting at large. This system is the standard used by federal statistical agencies for classifying businesses for the purpose of collecting, analyzing, and publishing data related to the U. Note: A Tax Bulletin is an informational document designed to provide general guidance in simplified language on a topic of interest to taxpayers.
It is accurate as of the date issued. However, taxpayers should be aware that subsequent changes in the Tax Law or its interpretation may affect the accuracy of a Tax Bulletin.
The information provided in this document does not cover every situation and is not intended to replace the law or change its meaning. Skip to main content. Please see example below:. Identify your current customers by their NAICS code and find new clients within the same or similar industries.
NAICS codes are important when seeking eligibility for government contracts.
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