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buying power DtC beer shipping
Consumers with Buying Power Want DtC Beer Shipping

Direct-to-consumer (DtC) beer shipping has remained out of reach for beer enthusiasts who crave the convenience of having their favorite brews delivered right to their doorstep. The demand for DtC beer shipping is palpable, but the supply is disappointingly scarce, with only 10 states and D.C. allowing beer to be shipped to its residents. A […]

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tax reporting season updates
They’re Here…Tax Reporting Season Updates

During our recent “Spooky Season Tax Updates” webinar, we discussed the most important changes that will affect filers in the upcoming tax reporting season. From a lowered e-filing threshold to Transmitter Control Code (TCC) requirements, the implications of changing IRS and state government reporting rules and regulations can be tricky to combat. But don’t worry: […]

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subscription streaming sales tax
Subscription Streaming in the Sales Tax Crosshairs

As the U.S. economy teeters on a recession and budget shortfalls emerge, states begin searching for ways to expand sales tax revenue. Companies that offer subscription streaming services are increasingly finding themselves the targets of newly proposed taxes and attempts to expand and contort existing taxes to include streaming providers. What is the current sales […]

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artificial intelligence beverage alcohol
Is Artificial Intelligence the Right Mixer for Beverage Alcohol?

It’s hard to avoid headlines discussing artificial intelligence (AI) these days, whether it’s how ChatGPT is being used in court cases or how teachers must learn to spot computer-generated essays. But how could this technology impact the beverage alcohol industry? Is AI already being used, and if so, how? Let’s see how AI is currently […]

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prepare your annual statement
Utilizing a ‘How To’ Manual to Prepare Your Annual Statement

While the NAIC Annual Statement instructions are useful when completing your annual statement, they don’t always address every page or every row/column on an exhibit or schedule. The instructions also exclude insights and preparation suggestions that could help you prepare your annual statement more efficiently. If you find yourself looking for more than what the […]

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direct-to-consumer spirits shipping report
2nd Annual DtC Spirits Shipping Report Sees Rise in Consumer Demand

Sovos ShipCompliant recently released its second annual Direct-to-Consumer Spirits Shipping Report, in partnership with the American Craft Spirits Association (ACSA). In just its second year, the report shows consumer demand for DtC spirits shipping is on the rise, with 87% of regular craft spirits drinkers saying they want to be able to legally purchase craft […]

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Understanding the French E-Invoicing Mandate Delay: Five Ways to Make it Work for You

When it was announced recently that the introduction of a new French e-invoicing mandate had been delayed until September 2026 there was a collective sigh of relief amongst many in the tax and finance world. More time to adequately prepare, put systems and methodologies in place and have your business ready to be compliant from […]

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Picturesque beachfront village at dusk, overhead view, Greece Colorful houses and beach of the old village of Assos at dusk, aerial view, Kefalonia, Ionian Islands, Greece
Greece’s VAT reform: What you need to know

Greece’s VAT reform started back in 2020 and it has manifested itself in three continuous transaction control (CTC) initiatives. Namely, the initiatives are: myDATA e-audit scheme Voluntary CTC e-invoicing, performed through service providers who must meet certain certification criteria New generation cash registers which report B2C data to myDATA in real time Recently, the introduction […]

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IRIS 2023 reporting
What You Need to Know about the IRIS System for 2023 Reporting

Another tax information reporting season is approaching quickly. As businesses begin the process of filing information with the IRS, there are some important updates that need to be kept in mind. If you previously filed forms in the 1099 series with the IRS via the File Information Returns Electronically (FIRE) system, you will now have […]

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regulatory compliance
Regulatory Compliance: Cost or Opportunity Center?

As a business, complying with local laws, rules and mandates is not optional, but a requirement to operate. Achieving this takes resources: human, technical and financial. All things that everyone would rather allocate to attracting new customers and growing their business. At Sovos, we get it. The situation The world of regulatory compliance has grown […]

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CA bottle bill
Wineries and Distilleries Must Register for the CA Bottle Bill Now

On January 1, 2024, wines and spirits sold in California will become subject to the state’s Container Recycling and Litter Reduction Act, or bottle bill. As the effective date draws near, wineries and distilleries selling in California need to prepare themselves for the new requirements. (Beer and low-ABV mixed drinks were already part of the Act.) […]

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compliance management
5 Reasons Point Solutions Don’t Equal Compliance Management

Credit.org recently released an excellent article on the five dangers of credit card use. In reviewing the factors that author Melinda Opperman puts forth, it was impossible to ignore the parallels in which many businesses approach their compliance management practices. As credit cards are something that most people have and use regularly, we thought this […]

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core banking systems tax
4 Challenges When Relying Only on Core Banking Systems for Tax

Banks and credit unions typically use core banking systems that house customer data and other tax information related to customer accounts. When tax information reporting season arrives, these are the back-end systems that data is pulled from. However, there are challenges in utilizing just these systems and not also utilizing a tax information reporting solution […]

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Sovos CertManager acquisition
Use Sovos CertManager to Ease Tax Process After an Acquisition

CFOs have a lot to consider, especially if their company recently acquired another organization. Are you fully aware of that business’ tax process? How do you know if their approach to exemption certificate management was compliant? With Sovos CertManager, ensuring a smooth tax process after an acquisition doesn’t have to be an unreachable goal – […]

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E-documents, database directories, and the concept of a paperless office A businessman works on his cell phone while viewing an electronic document on a virtual screen.
Types of e-documents

E-documents or electronic documents are rapidly growing in usage across businesses of all shapes and sizes, in countries around the world. While the automated exchange of e-documents is a relatively new phenomenon which is being adopted on a country-by-country basis, there is basic universal information that your business would benefit from understanding – and potentially […]

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sales tax manufacturers
Maximize Sales Tax Savings While Minimizing Risk for Manufacturers

Manufacturers often buy expensive stuff, including the enormous pieces of machinery and equipment necessary to efficiently run their production processes. In almost every state, manufacturers can purchase at least some items to be used in the production process free of sales tax or possibly subject to a reduced rate. However, the scope of available exemptions […]

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Sovos CertManager sales tax
How Sovos CertManager Helps Growing Businesses with Sales Tax

Exemption certificate management can be an extremely time-consuming and costly challenge for businesses, especially as their organization expands into new jurisdictions. How can you ensure that all customer and exemption data is correct? Is any data missing? If your team is still utilizing a manual process, are you positive that nothing was overlooked? For growing […]

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2023 Beverage Alcohol Summit Takeaways

The two-day 2023 Sovos ShipCompliant Beverage Alcohol Summit virtual event included a wide variety of speakers covering topics that affect every level of the industry. Some of the highlights from the event are presented below. Actionable DEI Strategies for Growth Dr. J Jackson-Beckham, of Brewers Association, shared five strategies to build diversity, equity, inclusion and […]

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