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Sovos acquires VAT managed services company Accordance
Tax software provider Sovos has acquired Accordance, a U.K.-based value-added tax managed-services company. Financial terms of the deal were not disclosed.
Accordance has been a Sovos partner since 2018 and has since implemented Sovos VAT Reporting software to provide technology-enabled compliance services to its clients.
Online Sales Surge Not Enough to Replace Brick-and-Mortar Revenue
June 9, 2020
States are seeing higher remote sales tax revenues amid the COVID-19 pandemic, suggesting lockdowns have accelerated a shift to online shopping.
Confusion On Crypto ‘Staking’ May Lead To Reporting Woes
January 31, 2020
A lack of IRS guidance on cryptocurrency “staking,” in which a user receives virtual currency in exchange for holding tokens for a period of time, could sow confusion over when to report the currency as being obtained for tax purposes.
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