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 […]
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. […]
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 […]
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 […]
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 […]
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, […]
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, […]
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 […]
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.
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 […]
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.
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 […]
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 […]
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!
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 […]
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 […]
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. […]