Lower 1099-K Reporting Thresholds Rake in Money for States, Surprise Businesses and Put Companies on Notice

February 8, 2018 by

The 1099-K reporting threshold changes enacted in Massachusetts and Vermont have started to have repercussions for states, online businesses and companies doing tax reporting. In conflict with IRS requirements, Massachusetts and Vermont changed the threshold for reporting 1099-K transactions from $20,000 and 200 transactions to just $600 with no minimum number of transactions. These transactions […]

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VAT Compliance Lessons Learned from Latin America

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Brazil, Chile, Mexico and other Latin American countries have been on the bleeding edge of technology-driven value-added tax (VAT) initiatives for more than a decade. These countries have set the stage for similar compliance and reporting requirements that are now sweeping across more than 30 European countries. Businesses operating in Europe have a distinct benefit. […]

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Top 12 Questions to Ask a Compliance Tech Partner

February 5, 2018 by

If your company is doing business in Europe, sweeping VAT reform is likely having a major impact on your tax determination and reporting processes. As you seek ways to mitigate risks and effectively meet government mandates, choosing the right compliance tech partner is critical. No longer are manual processes and paper-based forms sufficient for most […]

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The Future of VAT Compliance and Reporting: Automation

February 2, 2018 by

In the complex and ever-changing landscape of VAT Compliance and Reporting, automation is critical to drive operational simplification, cost reduction, audit risks mitigation and capability acquisition. “Routine tasks do need to be automated, but for the purpose of freeing up people to explore new approaches to create even more value.” This statement from a June […]

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VAT & B2G Reporting Newsletter: January 2018

February 1, 2018 by

International News European Commission Proposes Changes to VAT Regime On January 18, 2018, the European Commission proposed an overhaul of the European VAT System, building on the 2016 VAT Action Plan. The main goal of the proposed changes is to create a European VAT area that operates more efficiently in a globalized world and aids […]

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