Blog

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 […]

Read More
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. […]

Read More
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 […]

Read More
What We Learned at IRCE 2016

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 […]

Read More
Yukon, Canada Expanding its Beverage Container Regulations

Effective August 11, 2016, the Province of Yukon, Canada is expanding and complicating the scope of its beverage container regulations. By way of background, Canadian provincial beverage rules usually provide a distinction between beverage containers greater than 1 liter (L) and those less than a liter. For example, in Alberta, most plastic containers are subject […]

Read More
Weekly Roundup | Pennsylvania to Allow DtC Wine Sales, South Carolina Legislation Changes, and Tech Updates in the Wine Industry

I’d like to take a moment to share our support for the families and communities affected by the tragedy in Orlando. Orlando is in our thoughts and our hearts. We’ve been sharing this Spotify playlist around the office today in their honor, and I hope it might also bring a bit of healing to your day. Today, […]

Read More
Lookback at Our VAT in a Digital Age London Event

We organised our first UK VAT event “VAT in a Digital Age” that took place in London  on June 9th at the beautiful Brown’s Hotel in Mayfair. The interactive discussion focused on the different internal and external drivers that push for a move towards technology solutions for VAT. The increasing complexity of the VAT environment, […]

Read More
Weekly Global Update: June 3-June 10, 2016

As part of this week’s global update rumor has it that the IRS is about to announce a delay in terms of when financial institutions must begin withholding for FATCA. In the meantime, jurisdictions are continuing to be made throughout the world for FATCA, CDOT and CRS. Check out this weeks compilation from our expert research […]

Read More
A Keystone Change – Pennsylvania to Allow Direct to Consumer Sales of Wine

After years of work and numerous failed attempts, direct to consumer (DtC) sales of wine is about to become reality in Pennsylvania. On June 8th, Pennsylvania Governor Tom Wolf signed HB 1690, which includes, among many other provisions, new laws that will make the state the latest to allow DtC sales of wine.

Read More
A Letter to Our Readers: Invoiceware International Acquired by Tax and B2G Compliance Leader Sovos Compliance

Dear Invoiceware customers and followers,

Read More
Sovos Compliance Acquires Top Latin American Compliance Company: Invoiceware International

Global compliance software leader adds the industry’s only multi-country solution for e-invoicing and tax reporting in the world’s most complex tax compliance region. Boston, MA — Sovos Compliance, a global leader in tax and business-to-government compliance software, announced today that it plans to acquire Atlanta-and Sao Paulo-based Invoiceware International, expanding the company’s capabilities in Latin […]

Read More
Announcing Sasha Strauss as Keynote Speaker at DIRECT!

We are excited to announce Sasha Strauss as a keynote speaker for day two of this year’s DIRECT Conference! His talk, titled ‘Branding in the New Normal,’ discusses how a confluence of technologies, global consumer psychology, and the evolving business climate have given birth to a communication revolution. Everything will be on the table, from why social media is now discussed in the boardroom to how B2B organizations use brand strategy to get the most out of their employees.

Read More
How to Calculate Brazil Nota Fiscal Compliance Costs

We recently examined the complexities involved in calculating all of the costs associated with compliance in Latin America. It’s not just a matter of implementing a set-it-and-forget-it technology; avoiding the fines, penalties and operational disruptions that result from compliance errors requires changes to operational processes, continual updates and complex validations to avoid potential issues. When […]

Read More
PATH Act: Crucial W-2, W-3, 1099-MISC Deadline Changes

Penalties increase. In fact, they have done so twice already in the last year for 1099-MISC and other 10-series reporting. Deadlines change. This is a common occurrence and not always helpful, even when deadlines are extended. Rules and forms are amended. Even changing one box on a form can trigger you to change your process […]

Read More
Weekly Roundup | Arkansas and Kansas Label Renewal, Budweiser’s ‘America,’ and a Take on the Anheuser-Busch Merger

Happy Monday! I hope you had a wonderful, sunny weekend. Today’s roundup covers Arkansas and Kansas label renewals, the logistics behind Budweiser’s ‘America,’ and a take on the Anheuser-Busch SABMiller merger. As always, if you read something I missed, let me know in the comments. Enjoy your week!

Read More
Free Informational Webinar: Last Chance for ACA Reporting

Do you still have questions about the required 1094 transmittal part of ACA reporting and the corrections process that will follow? Keep in mind, the deadline to transmit the 1094 electronic file to the IRS is June 30th, which is right around the corner and failure to comply can result in steep penalties, which have […]

Read More
Weekly FATCA Round-up: May 28-June 3, 2016

Another week has come and gone, here is your weekly FATCA round-up, including important changes made by the IRS. Peruse these updates, another Jersey CDOT set of changes as well as a CRS implementation compiled by our stellar research team.   IRS Has Released a Draft Version of the FATCA XML v2.0 and Will Update […]

Read More
European Shared Services Outsourcing Week 2016: 5 Key Take-Aways

Last week, Sovos Compliance was a sponsor at the SSOW conference in Dublin, which focused on shared service centre settings (SSC) across Europe. As Eastern European shared services centres are still experiencing significant growth, organisations are closely watching the development of processes and technologies that are enabling their SSCs to become true Centres of Excellence. […]

Read More