NAICS codes explained (with tutorial)

What is a NAICS code and why is it important? NAICS stands for North American Industry Classification system and a NAICS code is simply a code that each business uses for classification based on its industry and what it provides. The codes are used to organize businesses to help provide research, apply appropriate tax accounts, and consolidate information in North America on businesses. NAICS code directory - https://www.statcan.gc.ca/en/subjects/standard/naics/2022/v1/index Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup