Blog
In a previous blog, we provided an overview of the current and proposed natural disaster-related measurements in some European countries and Australia. In this blog, we will focus on the possible EU-level solution proposed by the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) in their latest discussion paper, issued […]
Craft beer drinkers want more choices. Brewers want more opportunities. And yet, legal barriers still stand in the way of direct-to-cconsumer (DtC) beer shipping. The 2025 Direct-to-Consumer Beer Shipping Report, produced by Sovos ShipCompliant in partnership with the Brewers Association, reveals how consumer demand, regulatory restrictions and potential revenue opportunities continue to shape the DtC […]
The 2025 Direct-to-Consumer Wine Shipping Report offers more than just data—it provides valuable insights into the trends shaping the industry and the factors driving change. To delve deeper into these findings, industry experts Andrew Adams from WineBusiness Analytics and Alex Koral from Sovos ShipCompliant joined forces in a recent webinar, unpacking the key takeaways. Their […]
In a shockingly quick turn of events, the Mississippi governor has signed a bill that will enable the direct-to-consumer (DtC) shipping of wine, making it the 48th state to grant its residents greater access to the national wine market. The bill, SB 2145, is set to take effect on July 1, 2025, which should mean […]
In the fall of 2024, New York became the latest state to open its doors to direct-to-consumer (DtC) spirits shipping, marking a significant milestone for the industry. As one of the most populous states with a thriving market for craft and high-end spirits, the shift was expected to create substantial new opportunities for distilleries nationwide. […]
Mark your calendars – April 11, 2025 and August 15, 2025 are this year’s anticipated release dates for the Delaware’s Secretary of State (SOS) VDA program invitations. In the event that an organization receives an invitation to participate in the Voluntary Disclosure Agreement (VDA) program , companies must seriously consider what it means and act […]
Talk of tariffs dominates the current news cycle with some commentators suggesting that tariffs will spell disaster for our economy while others say the exact opposite. We’ve seen the stock market sometimes fluctuate as tariffs are announced but later suspended, leaving us to wonder whether an aggressive tariff policy is good, bad or something in […]
By Tom Wark, Executive Director, National Association of Wine Retailers We are often reminded by the media and those in the wine industry—as well as by wine enthusiasts—that the three-tier system of alcohol distribution in most states hinders consumer access to the expansive number of wines available in this country. Some would argue that the […]
Reporting digital asset transactions on Form 1099-DA just got a little more complicated. For 2025 transactions, crypto brokers that file Form 1099-DA with the IRS will be required to file the 1099-DA with the State of Montana. This makes Montana the first state to introduce a 1099-DA reporting requirement in its guidance. For background, every […]
The direct-to-consumer (DtC) wine shipping channel faced a storm of challenges in 2024, navigating some of the toughest market conditions in over a decade. As inflation tightened wallets and consumer behaviors shifted, the industry recorded its steepest declines in shipment volume and value since the inception of the Direct-to-Consumer Wine Shipping Report in 2010. The […]
The IRS has released Form 1099-DA and its accompanying instructions for filing for TY 2025. Form 1099-DA is the newest IRS information return, designed for reporting digital asset proceeds from broker transactions and is required to be filed by brokers managing digital assets such as NFTs (non-fungible tokens) and cryptocurrency. Starting on January 1, 2025, […]
Greece has been in the process of implementing mandatory B2G e-invoicing over the past few years, with a B2B e-invoicing mandate expected to follow. Following reports that Greece had requested a derogation to introduce mandatory B2B e-invoicing in 2024, the European Commission has published a proposal for a Council Implementing Decision to grant this authorization. […]
With the tax reporting season now in full swing, we wanted to send out some last-minute updates and key reminders for tax year 2024. From critical filing dates and last-minute updates to insider tips to stay organized and avoid common mistakes, we’ve recapped everything you need to know to reduce the stress this tax season […]
The recent wildfires in LA County have caused immense devastation, impacting individuals, families and businesses across the region. If you’re among those affected, we want to acknowledge the extraordinary challenges you’re facing—not just in rebuilding and recovering but also in managing everyday responsibilities. Regulatory agencies understand the strain that catastrophic events impose on your daily […]
Interview with: Sergio Severo, Managing Director Sovos Latin America He was seriously considering retiring after an extensive and remarkable professional career when he received an invitation to lead our team in the region. Something about Sovos caught Sergio Severo’s attention, prompting him to abandon his retirement plans and share his experience -acquired at some of […]
Learn why Tennessee’s Alcoholic Beverage Commission (TNABC) is cracking down on ‘agent of the consumer’ sales for DtC wine shippers. The Tennessee Alcoholic Beverage Commission (TNABC) recently sent a notice to licensed direct-to-consumer (DtC) wine shippers indicating that shipping as an “agent of the consumer” is a violation of the state’s laws. This practice, also […]
Learn how to respond to California’s unclaimed property notices. Avoid audits, penalties, and interest with timely actions and the Voluntary Compliance Program. Be aware! California is ramping up its enforcement of unclaimed property law, and businesses are in the crosshairs. Recently, the State Controller’s Office (SCO) began issuing letters through its Outreach and Compliance Unit. […]
In the first blog in our series, we introduced SAP Clean Core concept and how much is being made about its impact on business, specifically the ability to customize an ERP to meet operational needs. In part two, we addressed how businesses can use the SAP Clean Core principles to create a system that better […]