Sovos State of Compliance Newsletter
July, 2015
ACA Ready?

For 2015, every organization with over 50 employees is required to report on health insurance coverage

The single largest expansion of tax information reporting in history is upon us, impacting every individual in the United States. With almost certain last-minute changes, enforcement being a top IRS priority, and the most complex transmittal process ever imposed on organizations, choose a partner with a proven end-to-end process and over 30 years of tax reporting expertise.

Learn more about ACA compliance and read our new TaxPort ACA datasheet.

SovosCon, October 28-30, 2015. Save $200 when you register now!

Use Promo Code JulySOC to get $300 off the current registration fee!

Here we grow again!

On May 26, 2015 Sovos Compliance, an industry leader in tax compliance and reporting, announced the acquisition of Imaging Science and Services, a leading provider of cloud-based document management and compliance solutions. The acquisition both strengthened the Sovos Compliance solutions and expands our offerings. Read more

FATCA Deadlines Extended Again Suggesting a World of Hurt for CRS.
The IRS announced a second 90 day filing extension for the Foreign Account Tax Compliance Act (FATCA), extending the time to file 8966 information to the IRS to 9/27/15. This additional extension further highlights the complex challenges of reporting globally for the first time as the world races towards the... Read more
Register Now:
5th Annual New York Regional Summit, 7.16.
On July 16th at the NY Marriott Downtown, Sovos Compliance along with sponsors EY and Broadridge will host a premier event free to industry professionals. Thought leaders will be gathering to present on the latest market and technology trends facing financial services organizations today. Learn about what's on the agenda and register now.

PUERTO RICO UPDATE.

Puerto Rico recently enacted Law 72-2015 which, among other things, increased the state level Sales and Use Tax (IVU) from 6% to 10.5% effective July 1, 2015. This new law introduces fundamental changes to the direct and indirect tax regimes of the Commonwealth of Puerto Rico. Read more

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