Blog

Oak Creek, Wisconsin ACA Client Success Story

Entities of all kinds are struggling with the first year of mandatory ACA reporting, including municipalities. Take for instance, The City of Oak Creek in Wisconsin. Marie Lenda is the Benefits Coordinator who has been the primary contact for handling the HR/benefits for the city’s employees and retirees for almost all of her 20 year […]

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Weekly Roundup | Illinois DtC Bill Adding Rules, Louisiana Improving DtC Laws, and Global Warming and Its Impacts

I hope everyone who attended our DIRECT Conference last week had a wonderful time! Our team so enjoyed the opportunity to meet with clients and come together to Build Tomorrow. Stay tuned for content from the event to come. Today, we’ve once again brought you the latest beverage alcohol industry news. This includes new rules […]

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Sovos Compliance Named a 2016 Top Workplace by Star Tribune

On Sunday, June 26, the Star Tribune published “Top Workplaces 2016,” a list of the best places to work in Minnesota. Based on the number of high quality workplaces that participated, 150 Top Workplaces were recognized and also a list of an additional 110 companies that met the national standards to be designated a Top […]

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Recent VAT Compliance Updates: July 2016

At Sovos, we are committed to keeping current with VAT compliance updates from around the world. Check out these recent changes compiled by our dedicated research team. European Union Council Adopts VAT Rules on Vouchers On June 27, 2016, the Council of the European Union adopted a directive aimed at harmonizing VAT rules for vouchers. The directive […]

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Breaking News: “Brexit” Now a Reality in the United Kingdom

Brexit is no longer just a catchy phrase. The United Kingdom has voted to withdraw from the European Union. In a nation-wide referendum of June 23, 2016, which saw near-record turnout, the “Leave” campaign won 52% of the public vote, compared to 48% for “Remain.” This historic decision has had immediate ramifications: one day after […]

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Weekly FATCA Changes & CRS Updates: June 18-24, 2016

As countries continue to refine their processes and make FATCA changes, they are also clearing up some CDOT issues and gearing up for CRS to come online for the first time next year. Our expert research team has compiled the relevant updates from all over the map for your viewing pleasure this week.   South […]

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Louisiana Governor Signs Improved Consumer Wine Shipping Bill into Law

On June 22, 2016, Louisiana Governor Edwards signed legislation (HB 667) into law which will allow wineries holding a Direct Wine Shipper permit to ship wine directly to consumers (DtC) in Louisiana, without requiring the consumer to visit the winery—as long as the wine has not been assigned to a Louisiana wholesaler. The newly-signed law removes […]

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Gulf Coast Countries to Introduce VAT in 2018

In December of 2015, the six member states of the Gulf Cooperation Council (GCC) – Saudi Arabia, Kuwait, Bahrain, Oman, Qatar, and the United Arab Emirates – agreed in principle to implement a regional Value Added Tax (VAT) system, intended to bolster and diversify Gulf Coast state economies following a drop in global oil prices. […]

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Illinois DtC Bill Could Add Rules on Using TPPs

On May 31st, the Illinois Senate voted in favor of SB 2989, sending the bill onto Governor Bruce Rauner for his signature. If approved, SB 2989 will amend Illinois’s existing direct-to-consumer (DtC) shipping laws, adding several new compliance rules for wineries using third-party fulfillment centers.

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Mexico’s SAT Discusses Potential Changes to Compliance Requirements – Learn more

Earlier this month, the SAT, Mexico’s tax authority, announced changes in its e-invoicing, payroll receipts (nomina) and payment receipt (comprobantes de pago) processes. In a recent web session by the SAT, here are the adjustments being discussed:  Automatic RFC validation. The SAT will validate the recipient’s RFC (tax identification number) on all invoices paid to […]

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Free Webinar: PATH Act – Understanding the Changes Ahead

Did you know that on December 18, 2015 the Protecting Americans from Tax Hikes Act, or PATH Act, was signed, causing new regulations and compliance requirements? What is the PATH Act, and how will it impact your organization? What steps must be taken to ensure compliance in the future? Join our group of experts from […]

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Weekly Roundup | Colorado Grocery Store Liquor Sales, Michigan’s DtC Crackdown, and Wineries Targeting Pennsylvania

This is an exciting week, with our DIRECT conference just three days away! If you haven’t registered yet, there are just a few spots left! Today, we’ve once again brought you the latest beverage alcohol industry news. This includes Colorado’s liquor sales in grocery stores, Michigan cracking down on DtC sales, and the wine industry […]

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The Challenges of Simplification – Transaction Privilege Tax Reporting in Arizona

The Arizona Department of Revenue (DOR) has been working toward the objective of simplifying the way that taxpayers report the Arizona Transaction Privilege Tax (TPT) for all localities (program and non-program) within the state. Arizona intended for the state DOR to become the single point of licensing, filing and payment for all localities on January […]

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Why We’re Excited for DIRECT!

We are incredibly excited for our DIRECT Conference, which is now just one week away! The office has been buzzing with the bits we’re most looking forward to and I wanted to share them with you! Read through our top reasons we’re excited for DIRECT below. If you haven’t registered yet, this is our last […]

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Weekly FATCA Update: June 11-June 17, 2016

This week’s global update focuses primarily on FATCA with one CDOT press release and alternative reporting regime template change announced by the HRMC for Bermuda. Check out the compilation this week from our expert research team. (Btw, last week’s rumblings about the IRS changing the withholding requirement deadline was just that, a rumor.)   Slovenia Publishes […]

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Michigan Cracking Down on Direct-to-Consumer Sales

Last year, we published a notice on complaints coming from the Michigan Liquor Control Commission (MLCC) involving compliance failures in the sale of Direct-to-Consumer (DtC) wine to the state. It has recently come to our attention that the MLCC is continuing to issue complaints, and even citations, involving these same issues–we feel that a reminder […]

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VAT on E-Services: Change Likely in Russia

Effective January 1, 2017, there will likely be new VAT obligations for foreign sellers of electronic services to customers in Russia. On June 15, 2016, the State Duma (the lower chamber of the Russian Parliament) has approved Bill № 962487-6 in the third reading. The Federation Council (the upper chamber) will now consider the bill. […]

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Six Reasons ERP-based Tax & Reporting Compliance Solutions Don’t Work in Latin America

Recent corporate trends designed to reduce costs and streamline operations are fundamentally at odds with the global movement of governments toward intervention in corporate operations. As global enterprises move toward single instances of their ERPs, shared service centers and cloud-based solutions, local governments worldwide are introducing legislation requiring corporations to comply with detailed processes for […]

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