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Finding potential errors or missing data before filing VAT forms is essential to efficient VAT compliance and reporting, but this process is often left to manual, random and selective processes. These ad hoc data checks simply aren’t enough when it comes to ensuring accurate VAT compliance in a changing regulatory landscape requiring real-time data sharing […]

Organizations reporting tax information to Vermont might have been surprised to find that the state is no longer part of the Combined Federal/State Filing (CF/SF) program for form 1099. Previously, organizations could report 1099 information to the IRS, and the IRS would send that information directly to the department of revenue in Vermont. The reporting […]

Tax evasion is a costly problem that has impacted virtually every Latin American country. According to the Economic Commission for Latin America and the Caribbean (ECLAC), which looked at studies of evasion rates, tax non-compliance cost countries an estimated US $340 billion in 2015. To combat this issue, governments across Latin America and around the […]

Charles Maniace, Director of Regulatory Analysis, Sovos, discusses how the recent “cookie rule” could impact the Supreme Court who decided to revisit the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode V   Episode I – Supreme […]

Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it would mean for manufacturers if the Supreme Court decided to overturn the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode IV   Episode V – “Cookie Nexus” Impact […]

Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it means to you that the Supreme Court decided to revisit the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode I   Check out Episode II – South […]

Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it would mean for businesses if the Supreme Court decided to overturn the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode III   Episode IV – Quill v North […]

Charles Maniace, Director of Regulatory Analysis, Sovos, discusses the unique facts surrounding the South Dakota nexus rule given the Supreme Court decided to revisit the 1992 Quill v North Dakota case (that limits a states’ tax authority over online sales based on physical presence or nexus in-state) based on a law adopted in South Dakota. […]

For corporate tax professionals concerned with 2018 tax trends and maintaining sales and use tax compliance with the numerous changes in the tax compliance landscape in the U.S. this past year – as well as those emerging on the horizon, – our Webinar, “U.S. Sales and Use Tax Trends 2018 – A Shifting Landscape,” was […]

During the past year, much has been said and many rumors have flourished about the direction of e-invoicing in Italy – and more specifically about whether or not Italy would (and could!) make the exchange of e-invoices mandatory for all supplies. We have repeatedly reported about these developments as they have unfolded and now we […]

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 […]

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. […]

When European or American companies talk about Europe increasingly adopting VAT reporting solutions based on the OECD SAF-T standard, they are mostly showcasing their ignorance of the revolution in tax controls that is really brewing. Europe is playing catch-up with many other parts of the world which are utilizing the Internet and associated technologies to […]

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 […]

Many of you know Illinois is now operating under new legislation. If you haven’t had a chance to review the legislation, you’ll want to do so before filing this year’s unclaimed property report.   One change to take note of is the repeal of the general business-to-business exemption. Not only is the exemption no longer allowed, […]

If you or your department is responsible for the management and/or reporting of unclaimed property to the state, then I feel your pain. It’s a necessary and sometimes daunting task.  Compliance is extremely important, but let’s face it….how much time are you currently spending on managing the entire unclaimed property reporting process?   If you’re […]

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 […]

Tras anunciar a fines de 2016 el mayor cambio en su esquema de facturación electrónica en años, México también anunció una importante actualización de su mandato de contabilidad electrónica en enero de 2017. A pesar de que el SAT, la autoridad fiscal mexicana, no anunció un cronograma específico de implementación de eContabilidad 1.3, tomó a […]