In the News

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

December 2, 2016, 8:00 am EDT 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...

gulf coast VAT

Sovos Interviewed in Gulf News Journal About Gulf Coast VAT

July 18, 2016, 10:17 am EDT 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 EDT 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...

Sovos Compliance Featured in Risk & Compliance E-Magazine

November 17, 2015, 3:36 pm EDT in Blog, Global Information Reporting, In the News

CMO, Troy Thibodeau, Discusses Software and Technology in the New Age of Global Information Reporting Financier Worldwide is a leading publisher of news and analysis on the global business and finance market place. With leading products such as the monthly print publication, Financier Worldwide Magazine, the organisation has become recognised as...

Sovos highlighted on Law360: 1099 Filing Penalties

August 7, 2015, 9:25 am EDT in Blog, In the News, News

1099 filing penalties have recently doubled. On July 27, Law360 contributor Eric Kroh published an article featuring Sovos Compliance CMO Troy Thibodeau. The article focuses on the increased need for the government to raise revenue through stricter compliance enforcement of compliance rules, including the Trade Preferences Extension Act of 2015. This update affects not...

Sovos Compliance Featured on CNBC for State Specific Tax-Free Holiday Information

July 29, 2015, 9:58 am EDT in Blog, In the News, Indirect Tax

On July 23rd, 2015, CNBC published an article highlighting how Sovos Compliance breaks down the complexity of sales tax holiday information. With a total of 18 states and Puerto Rico now holding these retail holiday weekends, it is important for businesses to understand what is exempt in each jurisdiction. Every...

Sovos Compliance Introduces New VAT Reporting Software

March 19, 2015, 8:45 am EDT in In the News, News

Boston, MA, March 19, 2015 Sovos Compliance recently introduced their Value Added Tax (VAT) reporting and analysis solution to the marketplace. Sovos Compliance is one of the few compliance technology providers to offer such a solution.Read the this release on PRWebWith nearly 150 countries requiring VAT or similar consumption taxes, VAT...