By Robert M. Tobiassen, President of the National Association of Beverage Importers, Inc. (NABI) QR codes are not new to beverage alcohol labeling, but they’re seeing a rise in popularity as consumers become savvier to the technology. Once bars are restaurants reopened in the summer of 2022, QR codes became the virtual menu tool of […]
It’s a good year to be an IT leader. After far too many years of the phrase “do more with less” being the mantra of most organizations when it came to technology spending, things are finally looking up. According to research firm Gartner, IT spending will reach an estimated $4.5 trillion in 2022. This represents […]
Everywhere you look these days, it feels like there’s a new ready-to-drink (RTD) cocktail on the market. These products have taken the beverage alcohol market by storm over the last few years, with seemingly everyone and their brewer now making their own margarita in a can. Consumers are clearly happy about this—RTD cocktails are now […]
It might not quite be THAT red phone that’s ringing, but rest assured, management is currently dealing with a serious problem, and they are looking at IT to solve it for them. There are two things that make Boards and C-Suites nervous beyond all else. Risks that have the potential to impact the bottom line […]
What is the current situation for insurance for businesses? Until the Covid-19 pandemic in March 2020, the view was that businesses provide insurance such as Employers’ Liability during normal day-to-day operations. Employers’ Liability insurance is compulsory, protecting a company’s employees and workplace visitors for accidents where a claim needs to be settled. Following the Covid-19 […]
Sales tax nexus is not static. As your company grows, expands and evolves, your nexus footprint will likely change as well. All too often, companies will not realize the compliance impact of those changes until they receive an unfriendly inquiry from a sales tax auditor. As tax compliance professionals emerge from the barrage of requirements […]
Imagine this scenario. Your business partner changes the rules on you mid-stream and your ability to conduct business with them is now contingent on changing your entire reporting structure to meet their new demands. Oh yeah, I should also mention the time frame to meet these demands is extremely tight and if you don’t, you […]
Emblematic of a trend gaining momentum, Wisconsin becomes the fifth U.S. taxing jurisdiction to promulgate official guidance regarding the applicability of sales tax to non-fungible tokens (NFTs). Going as far back as 1976, Wisconsin published a periodic “Tax Bulletin” announcing new laws, letter rulings and status updates on tax-related litigation. In its most recent edition […]
States continue to enforce unclaimed property (UP) compliance. UP is broadly defined as any property held by companies in which the owner is lost and/or there has been no customer-generated activity for a statutorily mandated period of time, known as the dormancy period. Research conducted by Sovos found that there is nearly $77 billion in […]
While beer brand labels are a great way to set your product apart with clever marketing and design, there are rules brewers must follow while designing them. Beer labels, whether on a bottle, can or keg, have lots of information that is highly regulated, both at the federal level and by individual states. We’ve compiled […]
Part IV of V – Ryan Ostilly, vice president of product and GTM strategy EMEA & APAC, Sovos Click here to read part III of the series. Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your […]
Part V of V – Christiaan Van Der Valk, vice president, strategy and regulatory, Sovos Click here to read part IV of the series. Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are […]
Part III of V – Eric Lefebvre, chief technology officer, Sovos Click here to read part II of the series. Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are now an omni-present influence […]
Part II of V – Oscar Caicedo, Vice president of product management for VAT Americas, Sovos Click here to read part I of the series. Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments […]
Part I of V – Steve Sprague, chief commercial officer, Sovos Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are now an omni-present influence in your data stack reviewing every transaction in real […]
Wine has strong quarter, with 28% increase from Q2 and 8% year-over-year increase in registrations The temperatures may be starting to dip with the outset of autumn, but beverage alcohol new product registrations are seeing increases across spirits, wine and beer. Similar to this time last year, wine new product registrations had a strong showing. […]
On October 20, the Washington Department of Revenue hosted a public “listening session” to garner taxpayer feedback on the Interim Statement it published regarding the tax treatment of Non Fungible Tokens (NFTs), dated July 1, 2022. As written here, Washington is one of a small handful of states that has overtly addressed the sales tax […]
The Louisiana Office of Alcohol and Tobacco Control (ATC) recently adopted new regulations governing the use of fulfillment houses by licensed direct-to-consumer (DtC) shippers of wine. Fulfillment houses have become a central, and invaluable, part of the DtC wine shipping market by offering wineries with critical storage and logistical services. They provide climate-controlled warehouses to […]