As a Magento Select Technology Partner, Sovos will help streamline sales and use tax compliance for rapidly growing e-commerce businesses of all sizes. April 20, 2018 — Sovos, a global tax compliance and reporting software leader, announced today that it has been named a Magento Select Technology Partner to improve sales tax determination and filing […]
Sales and use tax exemption certificate management is critical to creating an effective tax compliance process for manufacturers and wholesalers. As states move forward with employing technology-driven compliance requirements and enforcement measures to maximize revenues, manufacturers and wholesalers can expect an impact to their bottom lines and profitability due to penalties, interest and fees if […]
In just a few short days (on April 17) the United States Supreme Court will hear oral arguments in the case of South Dakota v. Wayfair Inc. At stake is the future of the “physical presence” standard in determining a retailer’s obligation to collect and remit state and local sales tax throughout the country. While […]
Allocating business profits for audit penalties because your accounts payable process has traditionally incurred sales and use tax fines and penalties is no way to grow a business. In a recent webinar, “Building a Scalable Process for Use Tax Compliance,” experts from both Sovos and Grant Thornton discussed the market trends and risks related to […]
These days, if you put two or more sales tax professionals into a room, it won’t be long before the conversation turns to the South Dakota v. Wayfair case currently scheduled for oral arguments before the Supreme Court on April 17. In fact, with 38 Amicus Curiae briefs filed to date, it feels like the […]
Procure-to-Pay Challenges Accounts payable within large, distributed businesses can be a complex, disconnected process involving many different departments. Magnify this complexity with the numerous types of business assets and materials your employees are purchasing across the country from various suppliers for multiple locations and uses, and you have a recipe for sales and use tax […]
If you’re interested in improving your accounts payable internal controls while streamlining your use tax self-assessment process, look no further than Sovos Use Tax Manager. Many companies have begun digital transformations to automate their procure-to-pay processes, moving away from paper invoicing. Regardless of how they are managing the process today, automation is still not enough. […]
Sovos Use Tax Manager enables organizations to reduce the risks and costs associated in notoriously error-prone use tax management processes March 5, 2018, LAS VEGAS [SAP Ariba Live] — Sovos, a global leader in tax compliance and regulatory reporting software, today announced Sovos Use Tax Manager, a cloud-based solution that automates use tax determination reconciliation […]
The Sovos team is looking forward to meeting procurement leaders at SAP Ariba Live in Las Vegas, March 5-7. Procure-to-Pay Tax Compliance Challenges Remain We’ve been gathering insights from the Americas’ SAP Users’ Group (ASUG) into the challenges tax compliance, procurement, finance & accounting, and IT are having regarding incorrect sales tax charges and/or use […]
For corporate tax professionals concerned with 2018 tax trends and maintaining sales and use tax compliance with the numerous changes in the tax compliance landscape in the U.S. this past year – as well as those emerging on the horizon, – our Webinar, “U.S. Sales and Use Tax Trends 2018 – A Shifting Landscape,” was […]
Charles Maniace, Director of Regulatory Analysis, Sovos, discusses the unique facts surrounding the South Dakota nexus rule given the Supreme Court decided to revisit the 1992 Quill v North Dakota case (that limits a states’ tax authority over online sales based on physical presence or nexus in-state) based on a law adopted in South Dakota. […]
Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it would mean for businesses if the Supreme Court decided to overturn the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode III Episode IV – Quill v North […]
Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it means to you that the Supreme Court decided to revisit the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode I Check out Episode II – South […]
Charles Maniace, Director of Regulatory Analysis, Sovos, discusses what it would mean for manufacturers if the Supreme Court decided to overturn the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode IV Episode V – “Cookie Nexus” Impact […]
Charles Maniace, Director of Regulatory Analysis, Sovos, discusses how the recent “cookie rule” could impact the Supreme Court who decided to revisit the 1992 Quill v North Dakota case that limits a states’ tax authority over online sales based on physical presence or nexus in-state. Chuck TV – Episode V Episode I – Supreme […]
Tax exemption certificate processes are often a significant, arduous challenge for many larger manufacturers and wholesalers that still manage certificates in a manual and time-consuming manner. This often results in missing, lost or outdated certificates that can lead to significant audit risk. Auditors know this and generally, tax exemption certificate processes are the first and […]
In a move that seemed inevitable since the first dot-com sale was completed, on January 12, the United States Supreme Court agreed to hear a case through which they will re-consider the primacy of “physical presence” in determining a sellers’ obligation to collect and remit sales tax across the country. Businesses need to immediately begin […]
Regardless of what products you sell or what service you provide, managing sales and use tax exemptions is a critical part of a strong tax compliance process. However, tax exemption certificate management often falls through the cracks, opening the door for confusion, lost time, audits, penalties and additional expenses for both your business and your […]