IRS Releases 2024 Instructions for Form 945
The IRS recently released the 2024 Instructions for Form 945 (Annual Return of Withheld Federal Income Tax). There are two notable changes. First, the IRS
Region: North America
IRS Releases 2024 940 Form and Instructions
The IRS recently released the 2024 940 Form and Instructions (Employer’s Annual Federal Unemployment (FUTA) Tax Return). There are two notable changes. First, the IRS
Wisconsin Updates W-2 / 1099 Electronic Filing Specifications
Wisconsin recently updated Publication 172 (Annual W-2, W-2C, 1099-R, 1099-MISC, 1099-NEC, 1099-K, and W-2G) Electronic Reporting. Notably, Wisconsin has indicated that it will accept 1099
Value Added Tax
VAT Snapshot: E-invoicing updates for Poland, Greece, Portugal and Estonia
Our VAT Snapshot series aims to provide you with information to untangle the complex web of tax obligations created by multi-national trading, helping you stay
Louisiana Sales and Use Tax Reform for January
Louisiana has passed HB8 and HB10. Key changes in HB8 are an expansion of the types of digital products subject to sales and use tax,
Beverage Alcohol
What if No One is Home to Sign for an Alcohol Delivery?
When no one is home to sign for an alcohol delivery, it becomes more than just a minor hiccup for direct-to-consumer (DtC) alcohol shippers. It’s
Sovos Annual Tax Compliance Trends Report
Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.
Electronic Invoicing
E-Invoicing and SAP: Stay Compliant, Stay Ahead
As organizations navigate through SAP transformation projects, e-invoicing compliance integration presents critical challenges, as well as opportunities. As global regulations evolve as well as the
IDC MarketScape 2024: Value-Added Tax Management
Sovos has been recognized as a Leader in the 2024 IDC MarketScape for Worldwide Value-Added Tax Management.
Value Added Tax
Taxation of Motor Insurance Policies: France
France is one of the most challenging countries in Europe when it comes to the premium tax treatment of motor insurance policies. This is mainly
Illinois Will Require Out-of-State Retailers to Collect Retailers Occupation Tax
Beginning January 1, 2025, Illinois will require retailers with a physical presence in Illinois to collect destination-based retailers’ occupation tax on sales from out-of-state locations
Illinois Imposes its Sales Tax on the Rental of Tangible Personal Property
Pursuant to P.A. 103-592, beginning January 1, 2025, rentals or leases of tangible personal property are subject to Illinois’ Sales and Use Tax laws. This
Oregon Mattress Stewardship Assessment
Beginning January 1, 2025, mattress retailers must collect a $22.50 stewardship assessment on each mattress or box spring sold to customers in Oregon. The stewardship
Connecticut Increases Mattress Recycling Fee
Effective January 1, 2025, the mattress recycling fee collected on the sale of all mattresses and foundations sold to Connecticut residents will increase to $16.00
CO Releases Local Sales & Use Tax Changes Effective January 1, 2025
The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2025. Such changes include rate increases for specific state and
Monument, Colorado Approves Ordinance for Self-Admin of Sales Tax Collection
Effective January 1, 2025, Monument, Colorado has approved Ordinance No. 22-2024,providing for self-administered collection for sales and use tax, as well as adopting certain exemptions.
Canada Releases 2024 NR4 Publication (Non-Resident Tax Withholding, Remitting, and Reporting)
The Canada Revenue Agency (CRA) recently released the 2024 NR4 Publication (T4061 Non-Resident Tax Withholding, Remitting, and Reporting). There are several changes of note. When
Canada Releases 2024 T5008 Publication (Return of Securities Transactions)
The Canada Revenue Agency (CRA) recently released the 2024 T5008 Publication (T4091: Return of Securities Transactions). There is one notable change for filers who use