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Form 1099-K reporting threshold
Unclaimed Property 101: Understanding the Basics

Unclaimed property is generally defined as a fixed and certain interest in intangible property that is held, issued or owed in the course of a holder’s business that has gone unclaimed for a specific period of time (the dormancy period) by the rightful owner. At its most basic level, unclaimed property laws are intended to […]

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Oregon Iowa self-distribution
DtC, Cannabis & More: 2023 Wine Summit Takeaways

A wide variety of speakers and presentations addressed some of the major issues affecting the wine industry at the 2023 Sovos ShipCompliant Wine Summit, which took place in Napa on April 19-20. Some of the highlights from the 18th annual event are presented below. Sovos ShipCompliant updates Larry Cormier, vice president and general manager, Sovos […]

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state tax information reporting
How Updated Technology Impacts State Tax Information Reporting

Largely fueled by necessity during the COVID-19 pandemic, Federal and state governments throughout the U.S. have updated their tax withholding and information reporting processes. With funds given via the Coronavirus Aid, Relief, and Economic Security (CARES) Act, states can now create modernized state tax systems. This includes new or updated online systems and processes for […]

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Nebraska liquor laws
Nebraska Liquor Laws Updated in Recent Bill

Earlier this week, Nebraska lawmakers passed a bill that would update the state’s liquor laws. State Senator John Lowe introduced LB376, which passed with a 41-0 vote. Under the bill, Nebraska will now create a brand registration for the state’s Liquor Control Commission to accurately identify and track alcoholic products imported into the state. This […]

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expanded DtC beer shipping
What Could Fuel the Drive for Expanded DtC Beer Shipping?

For craft beer lovers, expanded direct-to-consumer (DtC) beer shipping is at the top of their wish list, according to the third annual Direct to Consumer Beer Shipping Report. Released last month by Sovos ShipCompliant in partnership with the Brewers Association, the data showed that 88% of regular craft beer drinkers believe there should be greater […]

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sales tax engine cloud
5 Factors When Moving Your Sales Tax Engine to the Cloud

Moving from an on-premise sales tax engine to one in the cloud can help businesses better manage their sales tax obligations. Whether organizations need improved oversight and management of exemption certificates, an automated process for tracking ever-evolving regulatory changes or more comprehensive compliance reporting, a cloud migration project may be needed. However, there are several […]

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Group of people sitting on a seminar. They have their hand raised.
France e-invoicing and e-reporting: choosing the right PDP

5 Questions to Ask Yourself Note: The Finance Law for 2024 has been officially adopted and published in the Official Gazette on 30 December 2023. Our blog, France: B2B E-Invoicing Mandate Postponed, is promptly updated whenever there are changes to the rollout of the French mandate.   Tax compliance in France is already complicated. New e-invoicing […]

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Beer cans being carried in a box.
Compliance Concerns for Non-Alcoholic Beer

It’s no secret that non-alcoholic beer is having a moment, and the segment is pointing to continued growth. First Key reports that dollar sales of non-alcohol (NA) beer, wine and spirits brands doubled between 2020 and 2022, with non-alcoholic beer accounting for over 80% of the market share of the category. What was once a […]

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TIN matching 1099 reporting
Important Verifications Beyond TIN Matching for 1099 Reporting

If you have been reporting 1099s for a while, you know that Tax Identification Number (TIN) matching is essential to ensure you don’t receive notices or penalties from the IRS. TIN matching typically occurs at two points when paying a vendor or customer: when onboarding a new vendor or customer based on information collected on […]

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state tax deficits
What Causes – and Stops – State Tax Deficits?

This blog was updated on November 28, 2023 Direct state reporting for 1099s has increased regulations over the past decade. These regulations include earlier due dates, lowered thresholds and additional reporting requirements. States have also seen late reporting, inaccurate and non-reporting for decades. When an individual or business does not pay the proper amount of […]

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road in Gaztelugatxe, Spain
Bizkaia: What is the Batuz tax system?

Bizkaia is a province of Spain, and a historical territory of the Basque Country, with its own tax system. Before the approval of the Batuz strategy, the Bizkaia tax authority developed different approaches to implement a comprehensive strategy that would reduce tax fraud. The goal was to stop fraud from affecting revenue generated from economic […]

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A mean in a yellow jacket is steering a drone with his hands
Drone Insurance: IPT Treatment and Location of Risk

Drone usage has increased significantly in recent decades, far beyond their initial use in the military. They can be expensive themselves and, equally, can also cause damage to other parties or property, which is why many people and companies choose to insure them. This blog considers the insurance premium tax (IPT) and parafiscal charge treatment […]

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View of a city with high risers in Canada
CARM: Canada´s New Importing Project

Canada’s Border Services Agency (CBSA) has introduced CARM, a new process to modernise and digitalize import of goods in Canada. The agency’s vision is to deliver a globally leading customs experience that facilitates legitimate trade, improves compliance and revenue collection and contributes to securing Canadian Borders. What is CARM? CARM, which stands for CBSA Assessment […]

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state three-tier system
Unique Tax Considerations for DtC Wine Shippers

Taxes are one of the primary compliance concerns for direct-to-consumer (DtC) shippers of wine, and one of the more complex ones. The 47 states, plus D.C., that permit DtC shipping of alcohol want to ensure there is parity between alcohol sold in-state and any coming from out-of-state sources. So, if a bottle of wine is […]

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Vertex Pagero
4 Tips to Avoid Inaccurate Direct State Reporting

Direct state reporting obligations can quickly become complicated for any business, and if done incorrectly, state penalties can add up rapidly. Direct state reporting has been required by many states for decades, however, only recently have we seen states increase enforcement surrounding their reporting requirements. States that participate in the Combined Federal State Filing (CF/SF) […]

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Kentucky DtC spirits shipping
A Larger Kentucky DtC Spirits Shipping Channel – And Beyond

After a few years of DtC spirits shipping in Kentucky, opening doors for wineries, breweries and distilleries to expand their product reach. The change was especially welcomed by the Kentucky Distillers’ Association (KDA), which helped craft and guide the landmark DtC bill in 2020 that established these permissions. Founded in 1880, the KDA is the […]

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Argentina: New Perception VAT Regime on Sale of Food and Products for Human Consumption

Argentina has recently expanded its perception VAT (Value Added Tax) collection regime to ensure efficient tax administration. It has included selling food and other products for human consumption, beverages, personal hygiene, and cleaning items under its scope. The Argentinian Federal Administration of Public Revenue (AFIP) established this through Resolution No. 5329/2023 in early February 2023. […]

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sales tax notice
What is the Combined Federal State Filing (CF/SF) Program?

The IRS created the Combined Federal State Filing (CF/SF) program more than 20 years ago to help alleviate the administrative burdens on small businesses reporting 1099 information to states. This program integrates federal and state filings. The IRS uses information filed in federal filings and then forwards relevant information to states on a business’ behalf. […]

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