Kevin Akeroyd
As the CEO of Sovos, Kevin leads the industry’s premier SaaS technology platform company focused on enabling 100% compliance in a digital, cross-border, regulated world.
Region: North America
Arizona: South Tucson Exempts Food For Home Consumption July 1, 2026
Effective July 1, 2026, South Tucson, Arizona passed Ordinance 26-01, decreasing the tax rate on food for home consumption from 1.5% to 0% More information
Sales & Use Tax
Use Tax and Manufacturing: The Compliance Challenge Hiding in Plain Sight
Most companies treat use tax as a problem they’ll get to eventually. “Phase 2” of the transformation plan. Meanwhile, auditors, who have gotten meaningfully smarter through technology, know exactly where to look. Manufacturers can find
Virginia Set to Tax Bullion and Coins July 1, 2026
VA § 58.1-609.1 (19) exempts gold, silver, or platinum bullion, as well as legal tender coins from sales tax. This exemption was set to expire
Tax Information Reporting
Rethinking 1099 Operations for IRIS: People, Process, and Controls
The IRS shift from FIRE to IRIS doesn’t just transform file formats, it reshapes the entire operating model for 1099 reporting teams. What once functioned
Beverage Alcohol
Ohio DtC Retailer Shipping Case: A Sound Review and Forward Momentum?
Proponents of retailer direct-to-consumer (DtC) wine shipping won a significant victory last Friday when the Sixth Circuit held that an Ohio law allowing DtC shipping
Maryland Enacts Emergency Legislation Addressing Penny Rounding
On May 12, 2026, Maryland enacted emergency legislation addressing penny rounding on cash transactions. The language details that if the price ends in 1 cent,
Maryland Provides Sales Tax Exemption From Taxes on Certain Services and Products When Part of Affiliated Group
On May 12, 2026, Maryland enacted House Bill 898. The legislation provides an exemption for certain data and information technology (IT) services, software publishing services,
Massachusetts Publishes New Guidance on Penny Elimination
Massachusetts recently published Directive 26-1, which provides guidance on how sales tax must be calculated following the elimination of the penny. With the U.S. Treasury
Williamsburg County, South Carolina to Impose 1% Capital Projects Tax
Effective May 1, 2026, Williamsburg County, South Carolina is imposing a 1% Capital Projects Tax. Certain food sales are exempted from the tax. You may
Tax Compliance
Indirect Tax Compliance Pressures in Financial Services
Explore research on indirect tax compliance challenges in financial services, including regulatory complexity, ERP integration and AI readiness.
Sales & Use Tax
Nebraska Sales Tax Guide
Nebraska Sales and Use Tax Nebraska imposes a statewide sales and use tax rate of 5.5%. In addition to the Nebraska state sales tax, local
Sales & Use Tax
Louisiana Sales Tax Guide
What is the Louisiana Sales Tax Rate? Louisiana imposes a statewide sales tax rate of 5%, while local jurisdictions may also levy additional taxes depending on the location of
Sales & Use Tax
Maine Sales Tax Guide
What is the Maine Sales Tax Rate? Maine imposes a statewide sales and use tax rate of 5.5%. Unlike many other states, Maine does not
Sales & Use Tax
From SAP Transactions to Tax Intelligence: How AI Is Redefining Compliance for SAP Shops
SAP runs the transactions that power your business. But who is processing your tax compliance data? Most SAP-run enterprises are sitting on a goldmine of
More Illinois Localities Imposing 1% Grocery Tax
Effective July 1, 2026, 56 municipalities and 3 counties in Illinois will begin imposing the 1% grocery tax. This follows the more than 600 localities
Puerto Rico: Dates for Hurricane Season Preparedness Sales Tax Holiday: May 22-25, 2026
The Puerto Rico Internal Revenue Code provides for a periodic sales tax holiday for certain hurricane preparedness items. Historically, the holiday occurs during the last weekend in
IRS Releases 2026 Form 1099-DA Instructions
The IRS has released the instructions for form 1099-DA for tax year 2026. These instructions are notable as 2025 was a transitional year for reporting