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The Best Accounts Payable Automation Software Still Needs Tax Compliance

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 […]

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Streamlining Accounts Payable Internal Controls with Audit Accuracy

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. […]

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Sovos Announces Cloud Solution to Improve Accuracy of Use Tax Payments on Purchases

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 […]

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Sales and Use Tax Trends 2018 – A Shifting Landscape Webinar Recap

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 […]

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South Dakota Nexus Rule Unique Facts – Video Insights via Chuck TV

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. […]

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Implications on Business if Quill Doctrine Overturned – Video Insights via Chuck TV

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 […]

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Supreme Court Revisits Online Sales Nexus – Video Insights via Chuck TV

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 […]

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Quill v North Dakota Revisited – Manufacturing Implications via Chuck TV

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 […]

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“Cookie Nexus” Impact on Quill v North Dakota Case – Chuck TV

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 […]

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7 Reasons to Automate the Tax Exemption Certificate Process

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 […]

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Supreme Court to Decide Fate of Sales Tax in the Digital Age

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 […]

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Tax Exemption Certificate Management – Top 10 Practices Improve Compliance

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 […]

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Sovos Demonstrates Effective Tax Compliance for Wholesaler Goodin Company

Goodin Company adds Sovos Global Tax Determination to their ERP to increase accuracy, reduce penalties, and free up staff time. The Company Goodin Company is the “Source of Supply” for plumbing, heating, and air conditioning parts for residential, commercial, and industrial builders, plumbers, and contractors. Their fully computerized sales transaction system allows employees direct access to […]

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Automating Tax Compliance Along the Procure to Pay Process – Webinar Recap

Sovos indirect tax experts, Matthew Walsh and Chuck Maniace, recently presented webinar attendees with valuable information on how to automate tax compliance on the AP side in our Webinar, “Leading Practices in Automating Tax Compliance Along the Procure-to-Pay Process.” They discussed the benefits and drawbacks of manual, semi-automated, and fully automated (real-time or batch) compliance […]

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Tax Compliance Software – 4 Key Characteristics Reduce Risk

The tax compliance playing field has gone global, with a complex web of intersecting, and sometimes conflicting, tax laws and jurisdictions. The digital era of tax compliance requires tax compliance software that can support centralized control and oversight – otherwise, companies will be vulnerable to missed deadlines, missed regulation changes, errors and discrepancies, fines, penalties and […]

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Black Friday to Cyber Monday – Another Sovos Sales Tax Software Success

Multichannel and Internet Retailers Benefit from 40 Percent Performance Gains in Tax Determination Transactional Performance If you read the recent Black Friday and Cyber Monday reports for 2017 in the media, many sourced from the National Retail Federation (NRF) or Adobe Analytics, the main takeaway was the accelerated evolution from brick-and-mortar to online retail. This […]

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Tax Analyst Skills Needed for the Future of Indirect Tax

What are the skills today’s tax analyst needs to prepare for the future of indirect tax? You may have gone into the profession thinking, “I’m better at math than language, and being a tax analyst sounds like a good career choice. It could get boring, but I’ll manage.” You may have been right on the […]

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Procure-to-Pay Tax Compliance Practices – Sovos L.A. Event Recap

Sovos was on the road for one of our local Global Compliance Series (GCS) events at The Palm in Los Angeles last week. Our experts — Matt Walsh, Principal of Indirect Tax at Sovos, and Tim Kirkpatrick, Director at PwC — presented to tax leaders from primarily retail and manufacturing businesses on the challenges of […]

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