When New York first passed its law defining what constitutes a “vendor” subject to collecting sales tax in the 1980’s, the idea of online shopping sounded like science fiction. In retrospect, NY may have effectively enacted the first “economic nexus” law when they drafted their definition of “vendor” to include a person who regularly or […]
ASUG Joins Sovos to Reveal Procure-to-Pay Tax Compliance Survey Insights
Americas’ SAP Users’ Group (ASUG) recently conducted a research study on behalf of Sovos to determine how procurement, tax, finance and IT professionals are currently managing the procure-to-pay tax compliance process, key challenges faced, and the technologies and processes employed to reduce audit exposure and filing risk.
Join us on Tuesday, May 22 at 2:00 PM ET for a webcast with ASUG market research specialist, Adam Page, and Sovos technical product manager, Randall Chastain, as they reveal:
- Key insights from ASUG’s survey of procurement, tax, finance and IT professionals on the challenges of tax compliance within the Accounts Payable process
- Current processes and technologies your peers are using within P2P and how they rate themselves and perform on filings and audits
- Steps to reduce use tax compliance risks on purchases and best practices to improve internal audit of vendor charged tax with less time and resources
At the end of this presentation is a demonstration of Sovos Use Tax Manager, a solution that provides tax teams with the visibility and control needed over tax data – on every purchase – without slowing down the accounts payable process.
Download the Sovos and ASUG white paper, Risky Business, How to Beat the Inefficiencies of Tax Compliance on Purchases.
With recent enforcement measures, the IRS has offered definitive proof that the Affordable Care Act (ACA) is still alive and that the agency plans to strictly enforce ACA reporting. Last spring, the agency issued Letter 226J to Applicable Large Employers (ALEs) that failed to cover 95 percent of employees. ALEs are companies with 50 or […]
UPDATE (Jan. 8): Reporting season is moving forward according to plan. The IRS has announced that it will process tax returns on schedule and without delays. While the agency will clarify its contingency plan in the coming days, organizations should proceed as planned with 1099 reporting and other seasonal filings. The IRS will recall a […]
The South Dakota v. Wayfair decision last June has created a lot of angst for indirect tax professionals and the businesses they work so hard to protect from the burdens of sales and use tax filing. Six months later as we begin the new year, that angst has not gotten any lighter. Any federal legislative […]
2018 was a volatile year in indirect tax compliance for tax, finance and IT professionals worldwide. With an increase in globalization and tax gaps surpassing tens of billions in some countries, it’s not surprising that one of the biggest challenges governments are addressing is revenue collection. Like enterprises, governments are creating new, technology-driven processes to […]