Starting January 1, 2026, California sellers will be required to register, collect, and remit a new Covered Battery-Embedded (CBE) Waste Recycling Fee on the sale of new and refurbished electronics that have non-removable batteries. The fee (the initial amount yet to be established by Cal Recycle) applies to all products having a battery “from which […]
Michigan imposes a statewide sales and use tax rate of 6%. The state does not allow local jurisdictions to levy additional sales taxes. Michigan is also part of the Streamlined Sales Tax (SST) initiative, a multi-state agreement designed to simplify and standardize sales tax rules. The program currently includes 24 states working to reduce the […]
The world of tax compliance is changing fast, especially with the arrival of Form 1099-DA for digital assets. If you joined our recent webinar with Sovos and CoinTracker, you heard how the rules for digital asset tax compliance diverge sharply from those governing traditional assets like stocks and bonds. If you missed it, here are […]
Sales Tax Changes in 2025: The Rules Are Changing Faster Than Your Business Can Adapt Whether you’re a CFO, controller, or tax lead at a U.S. company (or a multinational with U.S. operations), you should be asking: Is your compliance process ready for the new era of sales tax? Major 2025 Sales Tax Changes by […]
The direct-to-consumer (DtC) wine shipping channel has seen a continuation of the trajectory tracked in the January release of the Sovos ShipCompliant/WineBusiness Analytics Direct-to-Consumer Wine Shipping Report, with the channel experiencing a dip in volume and value. This year’s review of the DtC market at the mid-year digs into those numbers, trends by average bottle […]
On August 15, Delaware Governor Matt Meyer signed HB 187, a bill that establishes direct-to-consumer (DtC) wine shipping privileges in the state. While the addition of another state to the DtC wine shipping map is usually a cause for celebration at Sovos ShipCompliant, there are many reasons to take exception to this bill. Examining the […]
Direct-to-consumer (DtC) wine shipping has evolved significantly over the past two decades, from a niche service to a cornerstone of many wineries’ sales strategies. In 2025, two long-restricted states, Arkansas and Mississippi, passed new DtC wine shipping laws that significantly expand access for consumers and open new markets for producers. The changes outlined in HB […]
Earlier this year, the CFO of a mid-sized manufacturing firm received an audit notice from the state of Illinois. Nothing unusual, these things happen. Their sales tax systems were clean, fully automated, and had passed similar audits before. But this time, the problem wasn’t sales tax. The audit focused instead on something they hadn’t given […]
The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, delivers significant relief to third-party settlement organizations (TPSOs) by reverting 1099-K reporting thresholds and fixing critical compliance gaps. For 2025 transactions, TPSOs will need to issue and file 1099-K forms when both criteria are met for a single payee: aggregate payments to […]
By Freda Pepper, General Counsel, Unclaimed Property Sovos regulatory team is tracking a petition filed with the Supreme Court in Peters v. Cohen, a case that raises fundamental questions about how state unclaimed property laws handle dormant assets and the constitutional protections owed to property owners. The petition presents issues that could affect millions of […]
The National Association of Unclaimed Property Administrators (NAUPA) has approved a major update to their electronic reporting standards with the introduction of the NAUPA III file format. This significant advancement in unclaimed property reporting represents a modernization effort that aims to streamline the submission process while improving accuracy and efficiency for all stakeholders involved in […]
As wine lovers raise a glass to celebrate National White Wine Day on August 4, we’re taking a look at how white wines—particularly Chardonnay and Sauvignon Blanc—have performed in the direct-to-consumer (DtC) shipping channel over the past three years. While the DtC market has faced economic pressure and shifting consumer behavior, these two white varietals […]
Building Your Strategic Roadmap For Global e-Invoicing Compliance By Paula Smith, Managing Director, Indirect Tax Technology Practice, KPMG LLP; Lauren Tallman, Global Invoicing Specialist and Senior Manager, KPMG LLP; and Christiaan Van Der Valk, General Manager, Indirect Tax, Sovos When executives first encounter e-invoicing mandates, a common reaction is to assume their ERP systems […]
The swift growth of hemp-derived CBD and THC beverages has introduced a wave of innovation to the beverage industry, along with a fair amount of legal confusion. These products are showing up everywhere: on retail shelves, in tasting rooms and in the hands of curious consumers looking for functional alternatives to traditional alcohol or cannabis […]