Every year jurisdictions all over the country have sales tax holiday periods for all types of different items. Often, these holidays are scheduled for near the end of the summer and usually include many types of school supplies, textbooks, some computer purchases and clothing. There are also sometimes sales tax holidays at other times of […]
While many others were out enjoying summer, a major acquisition has taken place that affects the enterprise sales tax reporting industry. Oracle has acquired the e-commerce software company NetSuite. In a deal worth $9.3 billion, NetSuite was one of the first “cloud” companies. Larry Ellison, the chairman of Oracle chairman, was an early investor and […]
From June 7-9, Sovos was at the Internet Retailer Conference and Exhibition (IRCE) in Chicago. Technology solutions abounded over this three-day conference, solving everything from order management to email campaigns. One common thread in the breakout sessions and exhibition hall was: Automate! Retailers are looking to accomplish more with fewer resources – and focusing their […]
Stop by the Sovos Compliance booth (#1573) during the Internet Retailer Conference & Exhibition (IRCE) from June 7-10 at McCormick Place West in Chicago. We welcome the chance to update you on the exciting ways we can help your company improve operational efficiency and reduce compliance risk, including the benefits of automating your process using our robust and […]
Businesses of all sizes and in all types of industries often have problems achieving full sales and use tax compliance. This can be especially problematic when an organization is growing, but still aiming to provide excellent goods and top-notch customer services by using sophisticated back-end systems. The Challenge for Goodin: Accuracy, Audits & Expansion This […]
UPDATE – April 29, 2016 As predicted, legal challenges to the South Dakota Economic Sales Tax Nexus standard were swift to arise. On Thursday, April 28, 2016, South Dakota filed a suit against several prominent internet retailers in the South Dakota Sixth Circuit Court. (State of South Dakota et al. v. Wayward Inc. et al). […]
Managing the sales tax complexities and the compliance process manually can be cumbersome, complex, expensive, and prone to error. How much time, energy, and resources are you and your team spending researching and interpreting tax laws, updating spreadsheets, and implementing various calculations? Join Chuck Maniace, Antonio Di Benedetto, and Tim Roden on April 25 at […]
Want to learn more about Sovos Compliance’s ability to integrate with NetSuite for NetSuite sales tax and VAT compliance? Check out this new short video with our Product Manager, Jeremy Wahlman-Krogh, who explains how this integration works and can be used with NetSuite ERP or NetSuite OneWorld. Leverage Sovos Sales Tax While Using NetSuite NetSuite […]
On your mark…get set…SHOP! Beginning at 12:01 am on Saturday April 23rd, certain emergency preparation supplies will be exempt from tax until midnight on Monday April 25th as part of Texas’ first annual Emergency Preparation Sales Tax Holiday. The exemptions will apply at all taxing jurisdiction levels as all counties and municipalities must participate in […]
The taxability of food products is one of the most complicated sales and use tax issues for vendors and can be equally perplexing for customers. However, in 2010 the legislation made an already complex issue even more so. Prior to the legislative action in 2010, the state of Colorado followed the federal SNAP program definition […]
Each year there are hundreds of tax rules and rates changes and 2015 was no different. All over the US, changes are made every year about everything from rate changes to what is taxable and of course, sales tax holidays. Was your company able to keep up? The problem of having an incorrect rate active in […]
On September 18, 2015 and September 30, 2015, House Bill 97 and House Bill 117, respectively, were signed into law by North Carolina Governor, Pat McCrory. Together, these bills expand the sales tax base in North Carolina. This new expansion of the sales tax base will impact retailers who provide repair, maintenance, and installation services. […]
Alabama will be holding its fifth annual Severe Weather Preparedness Sales Tax Holiday at the end of this month, offering tax exemptions on qualifying items purchased between 12:01am (CST) on Friday, February 26, 2016 and midnight on Sunday February 28, 2016. During this time, purchases of items such as batteries, radios, flashlights, ropes, duct tape, […]
Are sales and use taxes making life difficult for your retail business? Do you know the full scope of your company’s sales and use tax obligations? There are a number of unique tax laws that retailers must know, stay up-to-date on, and abide by. Join Erik Wallin, Senior Tax Counsel at Sovos Compliance, to learn […]
If you buy a 50” flat screen TV in California, you might notice California Sales Tax is not the only additional charge on your invoice; there is also a $5 “eWaste” fee. Consumers can sometimes be caught off-guard by additional fees when checking out at the register, however retailers should always be aware of such […]
In mid-January the National Retail Federation held their 105th convention & expo at the Jacob K. Javits Convention Center in the heart of Manhattan. The event boasted over 33,000 attendees, 500 exhibitors, and at least one child-sized robot. Omnichannel, the New Philosophy The definitive unifying idea of the show was centered on the move to […]
The beginning of a new year signals a fresh opportunity to assess your sales and use tax purchase side process and Sovos is here to help ensure you are staying compliant. Consider the points below and ask yourself, what needs to change to be efficient, prepared, and compliant for this year. Do You Know Where […]
Sales and use tax compliance is complicated for all businesses, but this can be especially problematic when an organization is in the process of trying to grow. When expanding business into new and unfamiliar products and taxing jurisdictions, it is easy for important details on the tax compliance end to slip through the cracks. This […]