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Tax Considerations for Good Corporate Citizens

The COVID-19 pandemic has fundamentally changed the business landscape of our country in a matter of weeks. The demand for products such as paper products and hand sanitizers have overridden the ability of suppliers to fulfill orders. And perhaps most alarmingly, we have learned that our critical services such as hospitals, clinics and first responders […]

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India Amends E-Invoicing Rules

India’s e-invoicing reform has been introduced as a very important step towards digitizing the country´s tax controls. Even though the reform has been under discussion for more than a year, the initial roll-out for the implementation process would have been a challenge for all stakeholders which was finally set to begin mandatorily on 1 April […]

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Beyond Tax Reliefs: The Impact of Covid-19 on E-Archiving

The economic impact and consequences of coronavirus are unprecedented as it spreads across different countries. To protect their markets, many countries have reacted by loosening obligations and lowering rates. While most of these initiatives have an immediate impact on a business’s cashflow and are welcome they also, in many cases, have a long-term impact on […]

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Keep Your Company Safe from Audit Risk While Adapting to COVID-19

Tax compliance has always been a balancing act – directing available energy and resources on those activities and solutions that will do the most to keep your company safe from audit risk. While the challenges may differ (as resources may be less available to some businesses during the COVID-19 pandemic) the obligation of tax professionals […]

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6 Tips When Starting your DtC Wine Email Marketing Campaign

If you are looking to boost sales and highlight direct-to-consumer wine shipping, email marketing can be a great way to do so—perhaps now more than ever in this time of social distancing, when communicating through technology has never been more relevant.  Email marketing in particular can be a significant part of how your winery stays […]

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Prepare for Errors with Form 5498

The IRS extended the individual income tax filing due date to July 15, 2020. The IRS also extended the time period an individual can contribute to their IRA and still apply those contributions to the 2019 calendar year. However, the IRS has not extended the issuing and filing due date for Form 5498 by the […]

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Creative Ways Wineries are Staying Connected and Promoting DtC Shipping

Overcoming the challenges of social distancing is proving difficult for many industries during the time of COVID-19. The inability to interact face-to-face with customers is hampering sales efforts for most. However, some of our clients are getting creative in finding ways to stay connected with their target audiences.  At a time when wineries can’t rely […]

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11 Need-to-Know Stats from 2020 DtC Wine Shipping Webinar

The annual Direct-to-Consumer Wine Shipping Report is full of data that can help you make strategic operational and marketing decisions for your business. Out of the dense 36-page report, Alex Koral, Senior Regulatory Counsel, Sovos ShipCompliant, and Andrew Adams, Editor, Wine Analytics Report, a part of Wines Vines Analytics unpack 11 key statistics and offer […]

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COVID-19 and Changes in the Beverage Alcohol Industry

It seems as if, in a few short weeks, the entire world has been turned upside down. In response to the COVID-19 crisis, society has adopted emergency measures to stem the tide of the virus, with companies shifting to remote work or shuttering wholly, and people adjusting to social distancing or more extreme quarantine measures. […]

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Norway and the Trend to Taxing Low Value Goods

From 1 April 2020, Norway will require non-resident suppliers of “low value” goods to Norwegian consumers to charge VAT on such supplies. Norway is the latest in a series of countries to take this step ahead of similar changes scheduled to begin in the European Union next year. Around the world, countries impose VAT style […]

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B2B Transaction Automation Platforms: Quantifying the VAT Compliance Advantage

In the past five years, transaction automation platform vendors who embraced e-invoicing and e-archiving compliance as integral to their services grew on average approximately 2.5 to 5 times faster than the market. Two decades of EU e-invoicing: many options, different models Until 1 January 2019, when Italy became the first European country to mandate B2B […]

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Turkey’s Digital Transformation and E-Invoicing Landscape

For companies operating in Turkey, 2019 was an eventful year for tax regulatory change and in particular, e-invoicing reform. Since it was first introduced in 2012, the e-invoicing mandate has grown, and companies are having to adapt in order to comply with requirements in 2020 and beyond.  According to the General Communique on the Tax […]

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Greece Delays myDATA Mandate

New go-live date A new roll-out date for the myDATA e-books mandate was announced by the Greek tax authority, the IAPR, during a recent meeting with local industry groups.  While nothing is formal and binding until it’s been codified through law, the tax authority seems to have made up its mind about the postponement. More […]

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EU VAT Measures in Response to Coronavirus

Countries worldwide are introducing indirect tax measures intended to mitigate the economic consequences of the coronavirus pandemic. Prospective measures by EU Member States include:   Austria Austria has announced that taxpayers can seek elimination of default interest and penalties for late submissions resulting from coronavirus.  Belgium Belgium has announced that businesses encountering financial difficulties can […]

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Sports Cancellations Cost States Big Time

This year’s sports cancellations, including the NBA and March Madness, have left many states with far fewer tax dollars than expected. Since it was legalized by the Supreme Court in 2018, sports betting has been legalized by state governments across the country. Last year, nine states legalized sports betting. This brings the total number of […]

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International Tax Changes During the COVID-19 Pandemic

In the last several weeks, we have monitored many efforts by federal, state and local governments to provide relief to both businesses and individual taxpayers impacted by the COVID-19 pandemic. As they relate to indirect tax (VAT/Sales Tax/GST), the measures enacted to-date have followed varying paths. Here are a few examples of the types of […]

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Live Updates: COVID-19-Related Tax Changes

Originally posted: March 18, 2020, at 5:00 p.m. ET. Last Updated: April 1, 2020, at 2:00 p.m. ET. The impact of COVID-19 on businesses across the globe has been swift and severe.   In response, many federal, state and local governments are working to provide relief to both businesses and individual taxpayers impacted by the […]

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Why You Should Attend the 2020 Wine Summit

Sovos ShipCompliant continues to monitor news about the evolving spread of coronavirus, or COVID-19. At this time, we are planning to move forward with the 2020 Wine Summit. Should we need to cancel or postpone the 2020 Wine Summit, we will notify registrants as soon as possible and you’ll receive a full refund if cancelled. […]

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