Blog

Evaluate Your Tax Team for Regulatory and Business Change

Our October 24 Webinar, “Building the Tax Team of the Future to Successfully Navigate the Regulatory Storm,” is now available onDemand. During the webinar, we asked attendees a series of four detailed polling questions to help them measure their tax teams’ ability to deal with regulatory and business change. Questions were based on a Reactive-to-Proactive […]

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Building a Tax Team to Meet Future Compliance Requirements

It’s clear business evolution, technology disruption and related tax compliance laws are creating increased complexity and becoming tremendous business liabilities. In today’s regulatory environment, businesses must view tax compliance as a critical function, committing the right resources, technology and process discipline necessary to maintain compliance and respond to the associated audits so the business can […]

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Building the Tax Team of the Future to Navigate the Regulatory Storm – Webinar

There’s a growing regulatory storm on the horizon, impacting tax professionals’ roles and skills. This is causing a shift in how businesses are preparing their compliance teams to keep their businesses ahead of the curve.   Join Matt Walsh, Principal Indirect Tax and Mark Christenson, Director, of Sovos on October 24 at 2:00 PM Eastern […]

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Sales Tax Compliance – 3 Top Stories of the Week

This week we look at three interesting sales tax compliance articles from around the Web you may have missed while manually looking up tax rates, entering exemption certificates for new customers or submitting IT help requests for changes to your ERP. 1. Over at FEI Daily, Tom Nicolosi and Carey Oven discussed the many reasons […]

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Top 10 Advantages of Cloud Sales and Use Tax Software for IT – INFOGRAPHIC

The speed and complexity of sales and use tax compliance is outpacing solutions most businesses use to comply. As a result, IT leaders are approaching tax compliance more strategically, implementing modern cloud applications to reduce audit risk, impede rising compliance costs and prepare for the digital future of this dynamic regulatory industry.  How involved is […]

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159.5 Billion Reasons Why the Global Tax Landscape Is Changing 

The VAT Gap in the EU was estimated to be €159.5 billion in 2014, and the enormity of that gap is one of the reasons why the global tax landscape is changing so dramatically. Sovos explained this development to attendees of the FD Exchange conference, which took place in the Steigenberger Airport Hotel in Amsterdam. […]

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How Manufacturing Leaders Overcome Sales and Use Tax Audit Challenges – INFOGRAPHIC

The current regulatory environment for manufacturers is laden with risk. In a recent Aberdeen Group survey, 50 percent of manufacturers indicated they saw a significant increase in audit scrutiny and frequency over the past two years, with another 60 percent believing audit frequency and scrutiny will continue to accelerate over the next three to five […]

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Webinar Recap: Your Sales Tax Amnesty Questions Answered, with James Thomson of The Prosper Show

By Alex Koral, Sovos Industry Outreach Adviser  This week begins the 2-month open application period for Sales Tax Amnesty. During this window, ecommerce sellers can apply to have more than 20 states waive back taxes, penalties and interest. In a live webinar earlier this week, James Thomson of the Prosper Show joined me to answer […]

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How Manufacturers Keep Pace with Global Tax Compliance – Infographic

It’s no surprise that the acceleration of regulatory complexity is increasing manufacturers’ risk of being negatively impacted by sales and use tax compliance in ways that can hinder their growth. See INFOGRAPHIC Below Manufacturers Burdened with Regulatory Complexity 2017 has been the year that manufacturers began moving from design and concept for cloud technologies, IoT […]

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Idaho Grocery Tax Will Continue Says State Supreme Court

Idahoans will still need to pay taxes on groceries following a recent decision by the state’s Supreme Court.  The Idaho Legislature had passed a bill (House Bill 67) exempting groceries from sales tax, this bill was subsequently vetoed by the Governor.  The Legislature mounted a legal challenge to the validity of the veto, stating it […]

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Washington State Jumps on the Remote Seller Notice Bandwagon

Washington State recently enacted House Bill 2163 in conjuncture with the State’s recently passed budget. Included in this bill are provisions imposing sales tax obligations on internet sales to Washington consumers. Starting on January 1, 2018 remote sellers who make retail sales of $10,000 a year or more into Washington will be required to either […]

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Colorado Finalizes Emergency Rule on Reporting for Non Collecting Retailers

As previously reported in this forum, on July 1, 2017, Colorado’s long anticipated notice and reporting requirements for non-collecting retailers goes into effect. In the last few days, Colorado moved to finalize the details as to how the rule will be enforced, which are described in Emergency Rule 39.21-112.35. This law requires retailers that do not […]

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How Leading Retailers Use Sales Tax Technology to Enable Growth

Sales and Use Tax Process: Benchmarks and Best Practices for Retailers Webinar Recap Thank you again for joining us on June 14 for our latest webinar, “Sales and Use Tax Process: Benchmarks and Best Practices for Retailers.” Mark Christenson and I shared results of a recent Aberdeen Benchmark Study revealing the unique challenges retailers of […]

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Compliance Challenges for ”Legacy B2C” E-Commerce Solutions Moving into B2B

We are seeing a lot of vendor scope evolution on the market. Examples include EDI vendors that are developing business network-style services; another one is that platforms focused on procurement of indirect supplies are moving into strategic sourcing and vice versa. A trend that receives less attention from analysts and specialized press is the journey […]

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