Press Room

Featured Publications

Featured News

All Sovos News

Posted January 23, 2019 by Sovos
Despite ‘panic’, Italian e-invoicing seems to have landed smoothly

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 […]

Read More
Posted December 18, 2018 by Sovos
Blockchain Can’t Hide Cryptocurrency Revenues from the IRS

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 […]

Read More
Posted December 12, 2018 by Sovos
After Wayfair Ruling on Sales Tax, Preparing for Holiday Retail Surge

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.]

Read More
Posted December 7, 2018 by Sovos
The Challenge Of SAP-Native Tax Compliance

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]  

Read More
Posted November 26, 2018 by Sovos
Why states hoping for online holiday sales to boost budgets may not get their wish

  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 […]

Read More
Posted November 26, 2018 by Sovos
Online retailers are now tax collectors

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]

Read More
Posted November 26, 2018 by Sovos
Cyber Monday shoppers in many states should be ready to pay taxes

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 […]

Read More
Posted October 5, 2018 by Sovos
IRS Releases Updated Publication 1586

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 […]

Read More
Posted September 6, 2018 by Sovos
Sovos Announces 2018 Mid-Year Direct-to-Consumer Channel Data

Notable trends: Oregon wines surging while Napa sales stagnate, Rosé on the rise and Pennsylvania as a leading shipment destination Sovos today revealed data on the performance of the direct-to-consumer (DtC) winery shipping market through the first six months of 2018. Among the notable trends in the report were Napa County wine sales slowing […]

Read More
Posted September 5, 2018 by Sovos
Sovos Extends Italian eInvoicing Solution in Advance of January 1 Deadline, Adding to World’s Only Global Solution for eInvoicing Compliance

The latest addition to the Sovos Intelligent Compliance Cloud safeguards all companies doing business in Italy and prepares them for looming wave of European regulations   BOSTON (PRWEB) SEPTEMBER 05, 2018 Global tax software leader Sovos today announced that it has expanded its global e-invoicing compliance solution to support private companies mandated to comply with Italy’s […]

Read More
Posted August 7, 2018 by Sovos
VAT & B2G Reporting Newsletter: July 2018

Country-by-Country News South Africa Proposes Amendment to Change VAT Rate South Africa’s Minister of Finance has published a draft amendment, which if enacted, would change South Africa’s VAT rate back to 14%. This proposed draft amendment, which is open for public comment, would revert the rate back to 14% and currently has […]

Read More
Posted July 24, 2018 by Sovos
Sovos CTO: Modern Tax Demands Modern Software. We’ve Built S1 For the Digital Future of Tax.

  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 architecture, that’s exactly what we’ve built. Tax has changed. What used to be merely a burdensome obligation is now becoming a risky and technical part of every major business […]

Read More
Posted July 16, 2018 by Sovos
Sovos Announces Resource to Track Direct-to-Consumer Wine Shipping Rules

Sovos is excited to announce the launch of our new ShipCompliant Direct-to-Consumer (DtC) Wine Shipping Rules resource center. Wineries can use this tool to track the compliance obligations they have in any state where they currently sell their products. They can also review the requirements in any new state they hope to enter. The […]

Read More
Posted June 28, 2018 by Sovos
Tax Automation in a Post Quill World

On Thursday, June 21, 2018, with the decision of the Supreme Court in South Dakota v. Wayfair, the sales tax compliance landscape underwent a dramatic shift. If you haven’t already, the time is now to consider whether you are doing what you need to do to keep your company safe. The Immediate Aftermath of South […]

Read More
Posted June 22, 2018 by Sovos
Sales Tax Moves into the Modern Age…Are You Ready?

With these words, the world of sales tax as we knew it was turned upside down: Held: Because the physical presence rule of Quill is unsound and incorrect, Quill Corp. v. North Dakota, 504 U. S. 298, and National Bellas Hess, Inc. v. Department of Revenue of Ill., 386 U. S. 753, are overruled. Much […]

Read More
Posted June 21, 2018 by Sovos
Sovos Bolsters Cloud Technology Leadership with Chief Security Officer, Chief Product Officer and Head of Customer Success

On the heels of revealing our S1 cloud platform to drive the modernization of tax software in the face of mounting digital disruption from businesses, financial systems providers and governments, as well as announcing support and an early adopter program for SAP S/4HANA cloud, we’re excited to also announce the following key appointments to our leadership […]

Read More
Posted June 21, 2018 by Sovos
Leading Sales Tax Expert, Charles Maniace, Comments on South Dakota v. Wayfair Supreme Court Decision

On what was easily the most anticipated day in sales tax history, the Supreme Court did what many experts thought they would, ruling five to four in favor of South Dakota’s right to require businesses to collect sales tax on e-commerce sales, even if they don’t have people or property in the state. In so […]

Read More
Posted June 5, 2018 by Sovos
Sovos Opens SAP S/4HANA Cloud Early Adopter Program, Announces Support for S/4HANA

Sovos Builds on 20 Years of Support of SAP R/3 & ECC with a Plan to Modernize Tax Compliance in S/4HANA Sovos, a leading global provider of tax software, announced today that it is accepting early adopter applications for global tax determination on SAP® S/4HANA Cloud platform. The company also revealed that it is prepared […]

Read More
Posted June 4, 2018 by Sovos
Sovos Unveils S1 Cloud Platform to Prepare Businesses for Digital Tax Enforcement Globally

Unique software architecture, development framework and cloud infrastructure enables tax compliance in key business processes, connects with governments Boston, June 4, 2018 — Sovos, a leading global provider of tax software, today revealed its S1 cloud platform, which aims to drive the modernization of tax software in the face of mounting digital disruption from businesses, […]

Read More
Posted June 1, 2018 by Clark Sells
Public Anger and GDPR: Why Too Much Data Sharing Could Have Negative Consequences

Facebook was open to the public for more than a decade before most users thought all that much about what companies do with the data they share on social media. In the wake of the Cambridge Analytica scandal, that’s not the case anymore. And with Europe’s groundbreaking General Protection Data Regulation (GDPR) having kicked in […]

Read More

For Media Inquiries

Contact Christina Dela Cruz at +1-855-300-8209 or christina@arpr.com

Awards