Blog
Sovos’ consultants have noticed a growing trend in 2021 as states across the country increase their unclaimed property pre-audit activity or voluntary compliance programs. Due to the negative economic impact resulting from COVID-19, Sovos’ consulting, reporting and regulatory teams have been preparing for increased unclaimed property compliance enforcement efforts to shore up struggling state budgets. […]
The Commonwealth of Massachusetts is squarely in the midst of modernizing its sales tax filing and remittance requirements, and in so doing, creating new, novel and likely challenging requirements for taxpayers. The most recent incarnation of this modernization was announced in its September 2021 DOR News, which hints at new requirements for restaurants and ecommerce […]
By Tom Wark, Executive Director, National Association of Wine Retailers The effort to open more states for interstate wine retailer-to-consumer shipments is multi-pronged. One prong—perhaps the most important—is the effort to overturn discriminatory state laws by using the federal courts to challenge state laws that violate the U.S. Constitution’s dormant commerce clause as well as the […]
As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created in partnership with Americas’ SAP Users’ Group (ASUG), “Boost Tax Compliance Capabilities and Visibility with SAP S/4HANA”, we discuss the most optimal time in the SAP S/4HANA migration process to […]
Earlier this year, SB 307 was enacted in Nevada, effectively eliminating the right for Nevada residents to receive direct-to-consumer (DtC) shipments of beer and spirits from producers, or any alcoholic beverage from out-of-state retailers. Previously, Nevada DtC alcohol shipping permissions were among the most open, with the state allowing breweries, distilleries and retailers to sell […]
Unclaimed property due dates are spread across the calendar year and differ by state and holder/company type. Complicating matters even further, each state’s own unclaimed property rules and regulations are updated frequently. We’ve gathered state-specific information on unclaimed property due dates to help you stay on top of this changing information. The Sovos regulatory analysis […]
Direct-to-consumer (DtC) shipping of alcohol requires producers, shippers and retailers to stay compliant with numerous rules and regulations. Tax determination and reporting is one of those key areas, and also presents a unique challenge to shippers. Regulations on DtC shipping require shippers to recognize and manage a tax burden that is much broader than if […]
As states have adopted new economic nexus laws over the last several years, vastly expanding whom states can make responsible for sales taxes obligations, direct-to-consumer (DtC) shippers of alcohol have had to adjust, though not as much as most remote sellers. Generally, DtC alcohol shippers are required to collect and remit sales taxes in the […]
The digitalization of tax is imminent. Is your organization staying current with the ERP evolution? In our latest Spotlight Report, created in partnership with Americas’ SAP Users’ Group (ASUG), “The State of Indirect Tax Compliance Among SAP Customers” we explore how SAP customers are planning for the future of indirect tax compliance. Research from our […]
Earlier today, Sovos announced it has acquired 1099 Pro, a California-based company that delivers tax information reporting software and services to tens of thousands of small and medium-sized businesses (SMBs), in addition to enterprise organizations. 1099 Pro has been a market leader for three decades, and it brings talented team members to Sovos to extend […]
DtC cider shipping can be complicated in that whether a state permits it often depends on how a state defines “cider.” Ciders are a general category of beverage alcohol products, made from fermented apples or pears, with a low to moderate alcohol content and often sold as an alternative to malt beverages. In terms of […]
A recent review by the state of Idaho Alcohol Beverage Control (ABC) division’s legal team has conclusively determined that out-of-state retailers have no permission to ship any beverage alcohol products direct-to-consumer (DtC) in the state. This determination reverses previous interpretations of Idaho’s laws, which had been understood to permit such shipments As the DtC wine […]
Summer is winding down and the wine landscape continues to fluctuate in response to the pandemic. Staying mindful of marketplace data will ensure the industry can properly adjust to any ebbs and flows, helping wine producers, retailers and consumers alike. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more […]
Understanding brand ownership and self-production requirements We’ve previously discussed how direct-to-consumer (DtC) shipping of alcohol has numerous requirements and regulations for producers and retailers. Everything from getting licensed to brand label registration details to age verification protocols must be considered. But what happens when an alcohol producer (e.g., a winery, brewery, distillery or cidery) wants […]
If you are currently enrolled in Delaware’s voluntary disclosure agreement (VDA) program, it is very important to provide periodic updates to the VDA administrator contact assigned to you – either Faegre Drinker Biddle & Reath LLP or TL2Q, LLC.. All correspondence from the state or it’s administrators should be treated seriously and responded to in […]
A review of the passage of House Bill 1545, also known as the 2019 TABC Sunset Bill, has compelled the Texas Alcoholic Beverage Commission (TABC) to majorly revamp their alcohol license process and fees. The following changes are set to be effective September 1, 2021. What changes are occurring? Texas is moving from 75 to […]
My colleague, Lisa Holmquest, previously discussed what can be expected from implementing new sales tax software. Sovos aims to deliver value quickly and reduce the cost and effort required to integrate with a new system. Additionally, we want our customers to feel supported 24/7, even when things don’t go as expected. When it comes to […]
Direct-to-consumer (DtC) shipping continues to grow in popularity, something that has not gone unnoticed by retailers. While alcohol producers enjoy broad access to the DtC shipping market, there are nuanced alcohol retailer DtC shipping laws and regulatory rules for compliance. A key consideration for retailers looking to ship alcohol DtC is recognizing the states that […]