Changes from 2012 to 2017 NAICS Structures: The Highlights

NAICS Changes for 2017   Highlights of Impending NAICS Changes¬† Include: Crude Petroleum and Natural Gas Extraction (2012 NAICS Code 211111) will be broken into two new codes in 2017. These codes will be 211120, Crude Petroleum Extraction and 211130, Natural Gas Extraction. Also, Natural Gas Liquid Extraction, (2012 NAICS Code 211112) will become NAICS [Continue Reading]

What is the difference between NAICS Codes and SIC Codes?

What Exactly Are NAICS & SIC Codes? SIC: ¬† The Standard Industrial Classification (SIC) system was originally developed in the 1930’s to classify establishments by the type of activity in which they are primarily engaged. The purpose of this task was to promote the comparability of establishment data to describe the US and Canadian Economies. [Continue Reading]