Sales & Use Tax
Staying Ahead of Changing Sales Tax Regulations and Economic Nexus
On March 21, Sovos and Deloitte Tax LLP teamed up on a webinar, “The Speed of Sales Tax – How to Stay Ahead of Changing
Category: Tax Compliance
Tax Compliance
Compliance in the Digital Age Requires a New Breed of Indirect Tax Professional
Today’s tax and compliance managers need to follow the Scouts’ motto: Be Prepared. Properly managing taxation and reporting burdens takes a team of professionals –
E-archiving
Portugal‘s New E-Invoicing Rules Impact Archiving and Reporting
Beyond the implications outlined in our last blog, Decree-Law 28/2019 (the Decree-Law) impacts areas beyond invoicing, introducing modifications to both archiving and the reporting of
Sales & Use Tax
NetSuite SuiteTax and Sovos – Tax Compliance after 19.1
The digital transformation of tax around the globe is putting enormous pressure on NetSuite-driven businesses large and small looking to confidently expand into new markets,
Sales & Use Tax
Marketplace Facilitators and Payment Processors – The New Taxpayers?
Marketplace Facilitators and Payment Processors Find Themselves in the Global Tax Compliance Crosshairs While approaches may differ across the globe, one of the defining trends
1099
How to Respond to the Growing Challenges of 1099-R Reporting
The demographics don’t lie: Reporting for form 1099-R is only going to grow more difficult as baby boomers retire. The form used to report distributions
Electronic Invoicing
Portugal Issues New E-Invoicing Rules: A Flavour of Clearance but Not Quite There
On 15 February 2019, Portugal published Decree-Law 28/2019 regarding the processing, archiving and dematerialization of invoices and other tax related documents including: The mandatory use
Electronic Invoicing
Are We in the Golden Age of VAT Recovery?
The value-added tax (“VAT”) was described in the EU as a “”money machine” over 20 years ago. Yet according to a 2015 study by the
1099
As Legal Sports Gambling Grows, So Does Growth in W-2G Reporting
With the NCAA basketball tournament approaching, the US is gearing up for its biggest gambling weeks of the year. And while most “March Madness” pools
Electronic Invoicing
Italy E-invoicing: Esterometro Reporting Requirements for Cross-border Transactions Updated
What is Esterometro? The Italian government’s e-invoicing mandate became effective on 1 January 2019. While cross-border invoices are exempt, all domestic B2B and B2C invoices
Tax Compliance
Sovos Global Tax Determination Certified for SAP S/4HANA
Sovos recently announced that its solution for real-time and batch tax determination, Global Tax Determination, has achieved SAP certification as integrated with SAP S/4HANA®, meaning
Accounts Payable Automation
Improve the Accounts Payable Process with Invoice Tax Validation
The Chief Procurement Officer may not be the first employee that comes to mind when the acronym CPO is used, yet over 100 of them
Tax Compliance
In Brief: 19 Things about Compliant Invoice E-archiving
Most enterprises already have one or several solutions for storing electronic data and documents. However, those systems might not meet compliance requirements for storing original
Tax Compliance
How IT Can Reduce the Burden of Wayfair Economic Nexus Sales Tax Rules
The Supreme Court’s decision in South Dakota v Wayfair no longer limits states to the “physical presence” standard previously required to impose tax collection and
1099
Government Shutdown, New Tax Law to Blame for Weak IRS Processing Numbers
It shouldn’t come as a surprise that the volume of returns received and processed by the IRS is down this filing season compared to last
1099
IRS Forms 1099-MISC vs. 1099-K: States Close Tax Reporting Gap
The rise of the so-called “gig economy” in the US has exploded in the last few years – last year, the Bureau of Labor &
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
Tax Compliance
Senate Tax Reform Bill Maintains Employer Mandate and Reporting Requirements
The tax reform bill that just passed the Senate does not eliminate the employer mandate to provide health insurance, nor does it change Affordable Care
Tax Compliance
Massachusetts Changes 1099-K Threshold in Conflict with Federal Requirements
Massachusetts has become the first state to take action toward collecting tax money lost in the sharing economy. The commonwealth recently lowered the threshold for
Tax Compliance
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