ATLANTA – December 5, 2024 –Sovos, the always-on compliance company, today announced record-breaking performance during this year’s Black Friday and Cyber Monday shopping events. The
On November 26, 2024, the IRS released Notice 2024-85 (Revised Timeline Regarding Implementation of Amended Section 6050W(e)). The notice announces transitional relief for Third-Party Settlement
Arkansas recently published its 2024 Specifications for Filing Forms W-2/1099 Electronically. The publication’s revision date is November 8, 2024. The document details the state-specific additions
Starting January 1, California will increase its 911 surcharge rate from $0.30 to $0.41. More information can be found here.
Michigan PA 14 and 15 in 2023 created a tax exemption on certain firearm safety items from May 2024 through December 31, 2024. Michigan recently
West Virginia recently released its 2024 W-2 Specifications. There are several changes of note. First, a new instruction has been added for software companies and
West Virginia recently released its 2024 1099 Specifications. There are several changes of note. First, a new instruction has been added for software companies and
The Canadian Government has announced its intention to implement a two-month tax holiday from the Good and Service Tax and Harmonized Sales Tax (GTS/HST). The
Maryland recently released the 2024 Maryland Employer Reporting of 1099 Instructions and Specifications. There are significant changes to the 1099 filing process, which can be
As tax year 2024 approaches, third-party settlement organizations (TPSOs) are keeping a close watch on IRS guidance regarding their obligations under the IRS’s Form 1099-K
Navigating U.S. sales tax requirements can be especially challenging for multi-national corporations unfamiliar with the complexities of state-specific laws, rules, and regulations. In this session,
ERP transformation comes only once every several years if you are lucky. And for those of you who know SAP ERP, you understand that the
While “spooky season” may be over for most of us, the scariest time of year for many businesses is right around the corner: tax filing
On 5 November, the long-awaited EU Commission’s VAT in the Digital Age (ViDA) proposal was approved by Member States’ Economic and Finance Ministers (ECOFIN). This
For many U.S.-based companies, the first step in global expansion is selling into Canada, especially for eCommerce sellers and marketplaces. However, to ensure a smooth
When engaging in direct-to-consumer (DtC) shipping of alcohol, compliance with different state laws is paramount and so keeping up with law changes is critical. In
Maryland recently released the 2024 Maryland Employer Reporting of W-2 Instructions and Specifications. There are substantial changes. A new portal, Maryland Tax Connect, has replaced
Canada Revenue Agency (CRA) recently released the 2024 T4A (Statement of Pension, Retirement, Annuity, and Other Income). The description for Box 134 has been updated.