Blog
New York Sales Tax Rate New York imposes a statewide sales and use tax rate of 4%. The state does allow local jurisdictions to levy additional sales taxes. What’s Taxable in New York? New York sales and use tax applies to the sale of tangible personal property and certain enumerated services. Sellers selling taxable goods […]
On October 3, Governor Gavin Newsom signed AB 1246 into law, making California the latest—and largest—state to enable consumers to receive direct-to-consumer (DtC) shipments of distilled spirits beverages. This landmark legislation marks a major advancement for California DtC spirits shipping, opening new opportunities for producers and consumers alike and reshaping the landscape of California alcohol […]
The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report, we’re witnessing a fundamental shift in how federal policy approaches digital assets. At Coindesk’s recent Policy and Regulation event, multiple roundtables convened simultaneously to examine the full spectrum of regulatory […]
The U.S. wine industry has spent decades building a thriving direct-to-consumer (DtC) shipping channel that’s now worth nearly $4 billion annually. Spirits, on the other hand, are still stuck at the starting line. The 2025 Direct-to-Consumer Spirits Shipping Report, co-published by Sovos ShipCompliant and the American Craft Spirits Association (ACSA), reveals just how wide the […]
Let’s call it like it is. Today, the cryptocurrency industry is facing its most significant regulatory milestone yet. The introduction of Form 1099-DA represents more than just another tax form; it signals a fundamental shift toward mainstream financial regulation for digital assets. For brokers, exchanges, and financial institutions, the question is no longer if crypto […]
Mirror Visibility™ as a Defense Against AI-Powered Tax Authorities The 9 a.m. Wake-Up Call That Changed Everything Imagine this: It’s 9 a.m. on a Tuesday, and your CFO is fielding an urgent call from your operation in Italy. The tax authority has identified discrepancies in your real-time transaction data from last night and is threatening […]
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 […]
