Automatic Exchange of Information (AEOI) Updates

AEOI Updates: Jan. 21 – Feb. 3

February 3, 2017, 9:18 am EST in AEOI Reporting, Blog

Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations and updates across the globe and publishes them in our Taxport Compass tool. Here are some important changes that occurred in recent weeks: Several...

Tax Reporting Best Practices

New Report: Leading Financial Institutions Weigh in on Tax Reporting Best Practices

January 31, 2017, 4:51 pm EST in 1099, Blog, Tax Information Reporting

Tax information reporting can be tricky for businesses. Many organizations do not have the internal resources to assign a devoted team to compliance efforts, as their HR and IT teams are often tied up in other affairs.With this in mind, Sovos commissioned a survey to better understand how organizations are...

Congress considers options for the Affordable Care Act, ACA

Expert Q&A: What Does Trump’s Executive Order Mean for Employers?

January 23, 2017, 5:14 pm EST in Affordable Care Act, Blog

President Trump took immediate steps to fulfill his campaign promise to repeal the Affordable Care Act on his first day in office. The President signed an executive order on Friday, which he said was intended to “ease the burdens of the Affordable Care Act.” The broad-reaching order is the manifestation...

Automatic Exchange of Information (AEOI) Updates

AEOI Updates: Jan. 6 – Jan. 20

January 20, 2017, 3:48 pm EST in AEOI Reporting, Blog

Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations and updates across the globe and publishes them in our Taxport Compass tool. Here are some important changes that occurred in recent weeks:IRS...

Press Release: Sovos Compliance Recognized as 2016 Best Tax Information Reporting Firm

December 22, 2016, 8:00 am EST in News, Press Releases

Wealth & Finance International awards compliance software provider for helping businesses comply with complex and ever-evolving regulations.December 22, 2016, Wilmington, Massachusetts — Wealth & Finance International named Sovos Compliance as the 2016 Best Tax Information Reporting Firm (U.S.), recognizing the organization for its success in helping finance leaders around the...

Press Release: New Report Shows U.S. Businesses Spent More Than $4 Billion in Labor Costs on Affordable Care Act Compliance in 2016

December 5, 2016, 9:00 am EST in News, Press Releases

Research from Aberdeen Group and Sovos Compliance shows significant business challenges exist as a result of accuracy problems and continuous regulatory changes.December 5, 2016, Wilmington, Massachusetts — As the U.S. government considers changes to the Affordable Care Act, a new report from the Aberdeen Group shows U.S. businesses spent in...