Sovos Named SIIA Business Technology CODiE Award Finalist for Best FinTech Solution Award

June 22, 2017 by

Sovos AEOI earns prestigious industry recognition. Sovos AEOI has been named a 2017 SIIA CODiE Awards finalist in the FinTech Solution category. Finalists represent the best products, technologies and services in software, information and business technology. Launched in 2016, Sovos AEOI Reporting has helped financial institutions centralize, standardize and report information for the new Common Reporting […]

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The Sharing Economy, The Tax Gap, and Reporting Requirements

June 21, 2017 by

Companies should take note of shifting 1099-K thresholds at the state level. The explosive growth of the “sharing economy” — including peer-to-peer business transactions for goods and services — has attracted attention from governments looking for their piece of the market, which is estimated to grow to $335 billion by 2025.  These businesses may have […]

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AEOI Updates: June 5-19, 2017

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Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos Regulatory Analysis team continually monitors new regulations and updates across the globe and publishes them in our Regulatory Feed. Here are some important changes that occurred in recent weeks: OECD Gets First Results from Disclosure […]

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Sovos Appoints Managing Director in Europe to Support Demand for its Intelligent Compliance Cloud

June 20, 2017 by

Sovos, a leading provider of tax compliance and reporting software, announced today that it has appointed Peter Russell-Smith to the newly created role of Managing Director, EMEA. In his role, Russell-Smith will lead Sovos operations across the region, where the introduction of transaction-level reporting and tax transparency mandates have sparked a new wave of demand for […]

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Financial Institutions Feel Confident About First U.K. CRS Filing, but Concerns Remain

June 14, 2017 by

Technology professionals at financial institutions are confident that their first U.K. Common Reporting Standard (CRS) submissions will go fairly well, but anxiety about a few issues persists. A poll conducted by Sovos amongst readers of ‘Banking Technology’ in the run up to the U.K.’s first CRS submission found respondents to be largely optimistic about the […]

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