News

Arizona Simplifies Consolidates Sales Tax Reporting

Arizona simplifies, consolidates sales tax reporting

January 4, 2017, 10:44 am EST in Blog, Enterprise Sales Tax, News

In a perpetually evolving tax landscape, tax administrators are constantly pushing the traditional bounds of the collection responsibility of taxpayer.  The most recent developments are set against the backdrop of the current “physical presence” standard and state and federal attempts to repeal or overturn the Supreme Court case of Quill...

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...

New DC PaintCare Fees Complicate U.S. Paint Stewardship Compliance

December 2, 2016, 8:00 am EST in Blog, In the News

Effective November 1, 2016, the District of Columbia (DC) is imposing a paint recovery fee (also known as a PaintCare fee) on qualifying architectural paint products. This new PaintCare fee will make compliance slightly more difficult for paint retailers accustomed to the current size-based product fee structure. History PaintCare fees are nothing...

Sovos Compliance Wins Tekne Award for Innovation

November 21, 2016, 9:00 am EST in News

November 21, 2016, Minnetonka, Minnesota — The Minnesota High Tech Association (MHTA) announced this week that Sovos Compliance is this year’s Tekne Award winner for innovation in the Established Software Companies category. The award recognized the Minnetonka-based company, which safeguards businesses from the burden and risk of tax and compliance,...

Colorado Makes Sovos Compliance Only Integrated End-to-End Sales Tax Solution; Software Users Will Be “Held Harmless” for Tax Gaps

August 4, 2016, 12:14 pm EST in Blog, News, Press Releases

Sovos becomes the first software provider to integrate a hold-harmless database with an approved e-file software solution application to help reduce the sales and use tax compliance burden on businesses by automating accurate tax calculation and state and local filing. Boulder, Colorado, August 4, 2016 — Sovos Compliance, a global leader...

gulf coast VAT

Sovos Interviewed in Gulf News Journal About Gulf Coast VAT

July 18, 2016, 10:17 am EST in Blog, In the News, News, Value-Added Tax

On July 12, 2016, Gulf News Journal, an online news journal covering business and innovation in the Gulf Region, published an article highlighting how Sovos Compliance understands how implementing a value added tax (VAT) system in the member of states in the Gulf Cooperation Council (GCC) may affect businesses in the region...

London VAT automation event

With Brexit a Reality, Multinational Organizations Should Begin Planning for the Future

June 30, 2016, 4:26 pm EST in Blog, In the News, News, Value-Added Tax

In an interview with Spend Matters this week, Andy Hovancik, CEO of Sovos Compliance, advised businesses to take time to think through the implications of Brexit and assess how their business may be affected. The next step is to put mitigation plans in place for how your organization will respond...