Comprehensive assessment highlights key benefits of Sovos’ “sophisticated cloud tax software” BOSTON (PRWEB) January 28, 2019 Sovos, a leading global provider of tax software, today announced
In October, Christiaan van der Valk, Sovos vice president of strategy, will speak about the emergence of real-time VAT controls on business transactions at the
Sovos Chief Technology Officer, John Landy, comments on the new S1 platform. Businesses now need a new approach to handling taxes. With the new S1
Embedded e-invoicing compliance, e-archiving and global tax determination will make procure-to-pay (P2P) platforms one-stop shop for the digital future of tax April 2, 2019 – AUSTIN – SAP Ariba Live – Global tax software leader Sovos today announced it has extended its embedded tax compliance solution for cloud-based procurement platform users. For more than a […]
Christiaan Van Der Valk’s insights in The Dialogue’s Latin American Advisor newsletter on issues driving the debate over taxation in the digital economy are featured in a Q&A that starts on page 1. The Sovos vice president of strategy’s comments are on page 3.
In his recent piece for Bloomberg Tax, Jeff Gambold, Senior Regulatory Specialist at Sovos, shares his thoughts and some guidance for businesses in the event of a No-Deal Brexit. Read the article here: https://bit.ly/2OtFJSu
Already regarded as the best 1099 reporting tool on the market, the recently upgraded Sovos Tax Information Reporting signed 150 new corporate and financial institution clients in just three months Sovos’ new TIR solution is the only product able to perform real-time taxpayer identification number (TIN) checks and offers a simplified data import, consolidating information […]
In this piece for BloombergTax, Christiaan Van Der Valk, VP of Strategy at Sovos, examines the global VAT gap, through which governments lose billions every year. With such high levels of loss, how can governments confront the problem? Latin America offers lessons. Read more
Sovos has joined the Wall Street Blockchain Alliance, an industry leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology across global markets. Read the press release.
This article from International Tax Review reporter Alexander Hartley cautions vendors to beware of getting caught between states and their sales tax collection, as online platforms like eBay and Amazon now represent big cash prizes — and a host of technical complications — in the wake of the South Dakota v. Wayfair Supreme Court decision. […]
International Tax Review reporter Joe Stanley-Smith writes that governments around the EU are watching Italy to see if its new mandatory e-invoicing system (Sistema di Interscambio, or SDI) works, and whether it is effective in increasing the VAT intake. Sovos’ Filippa Jörnstedt says, “My guess would be that the next country to introduce a clearance e-invoicing […]
El completo análisis destaca los principales beneficios del “sofisticado software de impuestos en la nube” de Sovos BOSTON, enero de 2019 Según el estudio recientemente publicado, Sovos es ideal para “las empresas que están en búsqueda de un sofisticado software tributario capaz de satisfacer las altas demandas regulatorias de impuestos y facturación electrónica a nivel […]
Comprehensive assessment highlights key benefits of Sovos’ “sophisticated cloud tax software” BOSTON (PRWEB) January 28, 2019 Sovos, a leading global provider of tax software, today announced it is recognized as a Leader in the inaugural “IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales Tax and VAT Automation Applications 2019 Vendor Assessment.” According to the newly released report, […]
2019 Direct-to-Consumer Wine Shipping Report highlights historic growth in prices, leading to 50% growth in value in three years (BOSTON) January 23, 2019 – Wineries shipped a record $3 billion worth of wine directly to consumers in 2018, according to the 2019 Direct-to-Consumer (DtC) Wine Shipping Report from Sovos and Wines Vines Analytics. The […]
A series of United States Supreme Court rulings over the past half-century limited manufacturers’ sales tax compliance obligations. The Court consistently dictated that states could not require businesses to collect and remit sales tax unless they had physical presences there—in other words, property owned or people based within state borders. But all this has changed […]
This article from International Tax Review reporters Joe Stanley-Smith and Alexander Hartley looks at Italy's new e-invoicing regime, which came into effect on January 1. Companies expected teething trouble, but the early signs are positive and the changes should lead to long-term benefits. Sovos Alliances Sales Manager Filippa Jornstedt tells International Tax Review, "I don’t […]
Blockchain technology and cryptocurrencies are natural partners, with decentralized control mechanisms and distributed models that emphasize secrecy as much as they offer privacy or security. For the IRS, secrecy is a problem. More precisely, it’s a missed revenue opportunity. In an effort to collect tax on the booming crypto trade, the agency has already shown […]
Retailers will be on the hook for calculating and filing more taxes in more states than ever. With the already stressful holiday season upon us, companies need to scramble to ensure they are in compliance. Here’s what retailers can do to prepare. [Read more on Total Retail.]
Momentum is growing in the adoption of modern enterprise resource planning systems (ERPs), like SAP S/4HANA and cloud-based deployments, especially HANA Enterprise Cloud (HEC). Analysts predict cloud ERP deployments will become the default within the next two years, and traditional ERP software will be phased out… [Read more in E-3 Magazine]
On the low end, a U.S. Government Accountability Office report estimated that state and local governments could gain between $8 billion and $13 billion in additional annual revenue from online sales taxes. The National Conference of State Legislatures, however, pegs that figure at around $23 billion a year. Even if state budgets don't see a billion-dollar […]
Arguably the most important change to taxation in the history of American retail is happening just in time for holiday shopping season… [Read more from Sovos Director of Regulatory Analysis Chuck Maniace in Entrepreneur]
While shoppers will spend more this Cyber Monday on the hottest electronics and toys, many will also shell out more in taxes thanks to a recent Supreme Court ruling. “[If] you were taking advantage of online shopping as a means of potentially avoiding having to pay sales taxes on their purchases, depending on where you […]
The IRS recently released an updated version of Publication 1586, Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs. This publication details the information related to penalty notices issued by the IRS (Notice 972CG), the procedure for addressing such notices, and the penalties themselves. There are a number of updates to the content of […]
