Blog

Hungary Supplemental Insurance Premium Tax
Extra Profit Tax: An Introduction to Supplemental IPT in Hungary

Update 7 October 2024 by Edit Buliczka Hungarian Tax Office Updates IPT Declaration Form for 2023 The procedure necessary to correct an underdeclared premium figure in Hungary can be complicated. The complexity of a correction for return form 2320 has become even more challenging. Following a Sovos query, the Hungarian Tax Office (HUTA) updated the […]

Read More
what is peppol
What it is PEPPOL?

Peppol E-invoicing explained: What it is and how it works The global adoption of electronic invoicing is accelerating. Governments worldwide are pushing to adopt e-invoicing to digitally transform their national systems and, often, to close the VAT gap. While many countries have introduced their own e-invoicing mandate to digitize fiscal controls, the requirements and systems […]

Read More
remote sellers sales tax
Will Congress Act to Simplify Remote Seller Sales Tax Collection

When the United States Supreme Court ruled in 2018, that South Dakota’s law imposing sales tax collection requirements on sellers without in-state physical presence was constitutional, it did not grant states free reign. States are still responsible for ensuring that their sales tax requirements are manageable, and compliance costs are reasonable. While some states have […]

Read More
dtc shipping laws for craft spirits
Why It’s Time to Reform DtC Shipping Laws for Craft Spirits

While wine lovers have enjoyed the convenience of direct-to-consumer (DtC) shipping for nearly two decades, the craft spirits market is still not afforded the same access. Outdated and restrictive spirits shipping laws have kept the spirits industry from fully leveraging the benefits of DtC shipping, leaving both consumers and distillers unable to enjoy its full […]

Read More
reporting unclaimed property
Three Key Reminders for Businesses Reporting Unclaimed Property

Unclaimed property compliance is one of those legal obligations that often flies under the radar for many businesses, especially smaller ones. However, failing to stay compliant can quickly turn minor oversights into major liabilities. In many cases, the penalties far exceed the value of the property itself, making it essential for every business—big or small—to […]

Read More
1099 operating model
Designing a 1099 Operating Model: Where the Rubber Meets the Road

With the advent of new information reporting requirements for digital asset transactions, businesses are navigating uncharted territory. I’ve received countless invitations from industry experts to attend webinars or read white papers on interpretations of the new regulations, and guidance on what brokers are required to report. But beyond understanding the regulations, organizations face an even […]

Read More
French e-invoicing mandate
How Do Changes to the French e-Invoicing Mandate Impact My Business?

The French tax administration has just announced structural changes to the 2026 French e-invoicing mandate that will discontinue the development of the free state-operated invoice exchange service. This decision will put increased pressure on taxpayers and software vendors to select a certified ‘PDP’ to fill the void created by this decision.  French e-invoicing mandate: A […]

Read More
moneygram litigation settlement
The Impact of the MoneyGram Litigation Settlement on Unclaimed Property Law

By Freda Pepper, General Counsel, Unclaimed Property The Supreme Court of the United States rarely addresses unclaimed property law, which made its ruling against Delaware in the 2023 MoneyGram litigation particularly noteworthy. The case focused on the escheatment of MoneyGram checks and similar written instruments. Following months of negotiations, a final settlement was reached on […]

Read More
motor insurance taxation in Italy
Taxation of Motor Insurance Policies: Italy

In Italy, the insurance premium tax (IPT) code (which is being revised as of the date of this blog’s publication) and various other laws and regulations include provisions for taxes/contributions on motor hull and motor liability insurance policies. This article covers all you need to know about this specific indirect tax in the country. As […]

Read More
unclaimed property compliance
The SMB’s Guide to Unclaimed Property Compliance

Unclaimed property compliance is often overlooked by small businesses, with many mistakenly thinking it only applies to large corporations. But this misconception can lead to serious financial and legal trouble. All businesses, no matter their size, must follow the same state regulations when it comes to unclaimed property. This comprehensive guide to unclaimed property was […]

Read More
Minnesota Retail Delivery Fee
Understanding the Minnesota Retail Delivery Fee

If you are fulfilling a Minnesota Retail Delivery Fee, you should be double checking that you are considering all possible jurisdictionally-imposed fees due on the transaction. Depending on where you are delivering, you may need to collect a fee just for making the retail delivery itself! Retail deliveries are nothing new, but as our world […]

Read More
What are Continuous Transaction Controls (CTCs)?
Continuous Transaction Controls (CTC): The Future of Compliance

One key development shaping the future of tax compliance is the rise of Continuous Transaction Controls (CTCs). CTCs represent a shift in how governments monitor and enforce tax compliance, requiring businesses to submit transaction data to tax authority systems on an ongoing basis.  The models differ drastically from traditional, post-transaction tax reporting systems, where businesses […]

Read More
need for clean core
SAP: Keep the Core Clean for Tax and Compliance Part II

In the first blog in our series, we introduced SAP Clean Core concept and how much is being made about its impact on business, specifically the ability to customize an ERP to meet operational needs. For part two, I’d like to address how businesses can use the SAP Clean Core principles to create a system […]

Read More
SAP clean core
What is SAP Clean Core and What Does that Mean for Tax? Part I

Much is being made about the introduction of SAP’s ‘Clean Core’ concept and how it will impact a business’ ability to customize its ERP to meet the unique needs of its operation. In this first blog in a series taking on the issue of Clean Core, I’d like to focus on the realities of what […]

Read More
1099 fraud
IRS Pushing for Filing Due Date Changes to Combat 1099 Fraud

Millions and millions of tax dollars are lost to fraud every year due to stolen identities, dishonest tax preparers or claims of false tax losses or dependent information. The IRS deploys a variety of processes to detect fraud including analyzing information reported on third party information returns like 1099s and W-2s compared to information reported […]

Read More
IPT warranty services
Applicability of IPT to Warranty Services

Italy: IPT Treatment on Used Vehicle Warranty Services On 21 May 2024, the Italian tax authority published a ruling (No. 110/2024) on the IPT treatment of warranty services provided in relation to the sale of used vehicles. The ruling dealt with a scenario in which a company (the ‘Applicant’) provided warranty services to dealers within […]

Read More
Delaware's verified report requests
Delaware’s Second Round of Verified Report Requests Released

Delaware recently released the second round of Verified Report requests by mail addressed to the Tax/Escheat Departments with the subject line Notice Requesting Verified Reports for Report Year 2023*. All companies should be on the lookout for the Notice, even if your organization was audited by Delaware or completed the Voluntary Disclosure program in the […]

Read More
2024 Direct-to-Consumer Wine Shipping Mid-Year Report
2024 Direct-to-Consumer Wine Shipping Mid-Year Report

The direct-to-consumer (DtC) wine shipping channel has seen a continuation of movement tracked in the January release of the Sovos ShipCompliant/Wine Business Analytics Direct-to-Consumer Wine Shipping Report, with the top destination states experiencing a dip in volume and value.  The latest data for the U.S. wine DtC shipping market reveals shipment data trending downward. Nationwide, […]

Read More
craft distillers
Craft Distillers Are Struggling; Why Not DtC?

As craft distillers work to grow their business and market presence, they must contend with innumerable challenges, not least of which is simply being able to access consumers across the country due to restrictive state laws. To help relieve these headwinds, industry groups along with consumer advocacy organizations have taken to supporting efforts to expand […]

Read More