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Posted 2015-09-02 by Sovos
Sovos Compliance Acquires WineDirect Compliance

Expands Sovos’ beverage alcohol compliance platform September 2, 2015 ― Sovos Compliance, an industry leader in tax, compliance and regulatory reporting, has acquired WineDirect Compliance, a Napa-based compliance reporting and tax solution for wineries. The acquisition of WineDirect Compliance comes on the heels of the April acquisition of ShipCompliant, the leading compliance and tax solution […]

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Posted 2015-08-18 by Sovos
Sovos Compliance Adds Depth of Experience and Expertise to Executive Leadership Team

Announcing the appointment of Andy Zupsic as COO and Jack Walsh as CFO Boston, MA. August 12, 2015 Sovos Compliance is proud to announce the additions of Andy Zupsic as Chief Operating Officer and Jack Walsh as Chief Financial Officer. Mr. Zupsic and Mr. Walsh bring additional depth to an already experienced and seasoned leadership […]

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Posted 2015-08-12 by Sovos
Sovos Compliance Helps 1099/1095 Filers Avoid Increasing Penalties

Offering another detailed webinar and supporting educational materials to help businesses with tax compliance and to mitigate new penalty increase exposure. MINNEAPOLIS, MN.  AUGUST 12, 2015 On June 29, an update was passed to the Trade Preferences Extension Act. H.R. 1295 (now PL 114-27). This legislative change more than doubles the penalty per record from […]

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Posted 2015-08-07 by Sovos
Sovos highlighted on Law360: 1099 Filing Penalties

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 only all 1099 filers, but also […]

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Posted 2015-07-29 by Sovos
Sovos Compliance Featured on CNBC for State Specific Tax-Free Holiday Information

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 state has its own rules […]

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Posted 2015-05-26 by Sovos
Sovos Compliance acquires Imaging Science and Services

Acquisition reinforces the Taxware sales, use and value-added tax compliance platform with exemption certificate management and regulated document management capabilities Boston, MA. May 26, 2015 − Sovos Compliance, an industry leader in tax compliance and reporting, announced today the acquisition of Imaging Science and Services, a leading provider of cloud-based document management and compliance solutions. […]

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Posted 2015-04-30 by Sovos
Sovos Compliance and GraVoc Associates Partner

Companies partner to create a comprehensive portfolio of technology products and services designed to help businesses in the SMB space Boston, MA (PRWEB) April 30, 2015 Sovos Compliance, a global compliance company that designs solutions to help businesses meet the demands of their unique tax compliance and reporting obligations partners with GraVoc, a Massachusetts-based consulting […]

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Posted 2015-04-28 by Sovos
Sovos Compliance Processed Nearly a Million ACA Forms

Sovos Compliance has already successfully implemented an ACA reporting solution for many of their clients this tax season Minneapolis, MN, April 28, 2015 − Convey Compliance, a Sovos Compliance Company, processed nearly a million 1095 forms this tax season in order to ensure their clients met the new tax information reporting requirements under the Affordable […]

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Posted 2015-04-02 by Sovos
Sovos Compliance and ShipCompliant Combine

ShipCompliant brings deep expertise in the complex compliance requirements of the beverage alcohol industry PRWeb: BOSTON, MA and BOULDER, CO (PRWEB) April 02, 2015 Sovos Compliance, an industry leader in tax compliance and reporting, has acquired Boulder-based ShipCompliant, the leading compliance and tax solution provider for the beverage alcohol market. ShipCompliant is the industry leader […]

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Posted 2015-04-02 by Sovos
ShipCompliant joins the Sovos Compliance Family

We’re excited to share the news about our most recent acquisition! Joining the Sovos Compliance family is Boulder-based ShipCompliant, the leading compliance and tax solution provider for the beverage alcohol market. When combined with the trusted industry expertise and global research capabilities of the Sovos Compliance companies (Convey, Taxware, and VAT Resource), together we expand […]

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Posted 2015-03-19 by Sovos
Sovos Compliance Introduces New VAT Reporting Software

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 PRWeb  With nearly 150 countries requiring VAT or similar consumption taxes, VAT reporting represents a […]

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Posted 2015-03-05 by Sovos
Bahamas selects Convey and EY to implement FATCA strategy

The Bahamas Finance Ministry has selected Convey Compliance (now a Sovos Compliance Company) and EY (Ernst & Young) to work in conjunction to put the country’s solution for the Foreign Account Tax Compliance Act (FATCA) in place. The two companies will work with the Finance Ministry to create a secure process for submitting tax information for […]

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Posted 2015-03-03 by Sovos
Sovos Compliance – What’s In Our New Name?

Troy Thibodeau, CMO We have a new name!  As many of you already know, last year, Convey, Taxware and VAT Resource came together as one organization. We now have a new corporate name: Sovos Compliance. This new name represents a broader vision and scope for the combined business. The name Sovos is inspired by the roots […]

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Posted 2015-02-25 by Sovos
Industry Leaders Unite to Form Sovos Compliance

Boston, MA (PRWEB) February 25, 2015 Convey Compliance Systems, Taxware, and VAT Resource have joined to form Sovos Compliance. The newly combined company turns knowledge, backed by trusted global research and deep industry expertise into highly functional, reliable and scalable solutions. Today, there is a greater need for an end-to-end solution that protects businesses from […]

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Posted 2015-01-27 by Sovos
WEA Trust Chooses to Leverage Convey Compliance’s Technology Solution for Affordable Care Act Reporting

Minnetonka, MN. Jan. 27, 2015 – WEA Trust, a not-for-profit insurance company in Wisconsin, has chosen to leverage the Affordable Care Act (ACA) reporting technology solution of Convey Compliance Systems, LLC. The ACA individual health insurance mandate is now in effect, requiring all individuals to have minimum essential health care coverage. Therefore, individuals filing for […]

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Posted 2015-01-16 by Sovos
Organizations Challenged to Meet Tax Information Reporting Obligations

Recent industry survey sites rapidly changing obligations and lack of resources as major challenges. MINNEAPOLIS, January 15, 2015 – Convey Compliance Systems, LLC recently published two best practices reports based on the findings of their annual industry-wide tax information reporting (TIR) survey. Convey’s Best Practices Survey was developed as a comprehensive effort to improve tax information […]

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Posted 2014-12-23 by Sovos
Common Ground Healthcare Cooperative (CGHC) Selects Convey Compliance as its Preferred Solution Provider for Affordable Care Act Reporting

MINNEAPOLIS, December 23, 2014 – The Common Ground Healthcare Cooperative (CGHC) recently chose Convey Compliance Solutions, LLC, an industry leader of compliance technology and services, as its preferred solution provider for Affordable Care Act (ACA) reporting. A nonprofit, member-governed organization, CGHC provides quality healthcare coverage solutions and is alert to the impact ACA reporting requirements […]

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Posted 2014-12-02 by Sovos
Convey Compliance Provides FATCA Reporting Services for Two of the Top 50 Global Banks

MINNEAPOLIS, Dec. 2, 2014 – Convey Compliance Systems, the market leader in tax information reporting, announced a new milestone for its Foreign Account Tax Compliance Act (FATCA) reporting solution. Convey was recently chosen by two of the top 50 global banks as the preferred provider for their FATCA reporting solution. Convey is also currently in discussion with […]

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Posted 2014-11-06 by Sovos
Hawai‘i Medical Service Association to Leverage Convey Compliance for Affordable Care Act Reporting

MINNEAPOLIS, November 6, 2014 – The Hawai‘i Medical Service Association (HMSA), the Blue Cross and Blue Shield plan of Hawaii, recently decided to leverage the technology and expertise of Convey Compliance Systems to ensure that their organization and members meet the new tax information reporting requirements under the Affordable Care Act (ACA). While ACA regulations […]

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Posted 2014-10-29 by Sovos
Convey Compliance Systems Enhances FATCA Compliance with New GIIN Verification Capabilities

MINNEAPOLIS, October 29, 2014 – Convey Compliance Systems recently expanded its Taxpayer Identification Number (TIN) Management Services to include Global Intermediary Identification Number (GIIN) verification. This update allows users to manage client GIINs by comparing them against the most recent IRS published list. The new GIIN Verification capabilities are an integral tool for maintaining compliance […]

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