Maryland Waives Late Withholding Tax Penalties Until May 31
Maryland will waive penalties and interest for late withholding for Maryland businesses from January 1 to May 31, 2024, in the wake the Key Bridge
Region: North America
IRS Releases 2024 Instructions for Form 1099-B
The IRS recently released its 2024 Instructions for Form 1099-B, the form for reporting proceeds from broker and barter exchange transactions. The updates to the
Oregon Conducting ‘Soft Launch’ of Independent Contractor Reporting
Beginning January 1, 2024, Oregon requires individuals to report the hiring of independent contractors. Although the law is effective January 1, 2024, reporting is not required until Oregon releases additional
IRS Releases 2024 Form 1099-B
The IRS recently released its 2024 Form 1099-B. The 1099-B is for the reporting of proceeds from broker and broker exchange transactions to the IRS.
Wisconsin Exempts Precious Metal Bullion
On March 21, 2024, Wisconsin Governor Tony Evers signed Assembly Bill 29 which creates a sales and use tax exemption for precious metal bullion. The
Virginia Enrolled Bill HB 1429 Allows Localities to Exempt Indoor Farm Machinery and Farm Implements from Sales Tax
Virginia enrolled legislation, HB 1429, allows local governing bodies to exempt “indoor, closed, controlled-environment commercial agriculture facility” farm machinery, farm equipment, and farm implements from
Value Added Tax
Mastering Sales & Use Tax Compliance: Strategies for Accurate Invoice Taxation
Join us as we explore sales & use tax compliance for customer invoicing. Discover strategies for navigating shared services buying centers, address industry misconceptions, and
News
Sovos Garners Spot in 2024 CRN® Partner Program Guide
ATLANTA, GA, March 25, 2024 — Sovos, the always-on compliance company, has been honored by CRN®, a brand of The Channel Company, with inclusion in
Sales & Use Tax
AICPA & CIMA CFO Conference
Join Sovos’ Chuck Maniace for a CPE presentation on The Changing Face of Sales Tax. Attendees will learn about social and economic factors that continue to influence sales tax changes across the country, and how finance leaders can move towards leveraging compliance as a force for growth.
Events
VAT Reporting and SAF-T: Recent Changes and Upcoming Deadlines
Stay updated on VAT Reporting and SAF-T with Sovos’ webinar. Explore legislative changes, prepare for VAT Recovery deadlines, and gain insights into SAF-T updates for
Tax Compliance
Market Conduct Annual Statement Reminders and More
On the second Wednesday of each month, Sovos experts host a 30-minute webinar, Water Cooler Wednesday, to share the latest updates on statutory filings. In
IRS Publishes Updated Form for Extension of Time to Furnish Recipient Statements
The IRS recently published an updated version of Form 15397, Application for Extension of Time to Furnish Recipient Statements. This form replaces the previous process
Beverage Alcohol
How Producers Can Build a DtC Shipping Market
Direct-to-consumer (DtC) shipping has become one of the leading sales models for businesses of all sizes and in all markets. The idea of connecting directly
Events
E-Invoicing Exchange Summit 2024
Join us at the E-Invoicing Exchange Summit from April 22 to 24, 2024, for an immersive experience designed to address the diverse needs and challenges of participants. Engage with presentations, user case studies, roundtables and panel discussions covering a spectrum of topics. Stay on top of developments in the U.S. E-Invoicing Exchange Framework, global best practices and emerging technology trends like Artificial Intelligence (AI). Explore the latest insights into Continuous Transaction Controls (CTCs).
Beverage Alcohol
Key Findings from the 2024 DtC Beer Shipping Report
This March, Sovos ShipCompliant released the fourth annual Direct-to-Consumer Beer Shipping Report in partnership with the Brewers Association. The DtC beer shipping report features exclusive
Beverage Alcohol
Sovos/Brewers Association Survey: 86% of Regular Craft Beer Drinkers Support Increased Access to DtC Shipping
Direct-to-Consumer Beer Shipping Report Finds Continued Demand for Craft Beer Purchases via DtC (ATLANTA) March 20, 2024 – Sovos ShipCompliant and the Brewers Association today
Indiana Removes 200 Transaction Threshold for Establishing Economic Nexus
Indiana Governor Eric Holcomb signed SB 228, effective retroactively starting January 1, 2024, to remove the 200 or more separate transactions threshold for establishing economic
IRS Releases 2024 Form 1098-E
The IRS recently released its 2024 update to Form 1098-E, the form used to report student loan interest to the IRS. Year to year, this