How Does the Software Industry Feel About Sales and Use Tax?
The U.S. software industry is no stranger to evolving technology. But what about sales tax compliance? Can this segment keep pace with ever-changing regulations, while
The U.S. software industry is no stranger to evolving technology. But what about sales tax compliance? Can this segment keep pace with ever-changing regulations, while
The U.S. software industry is witnessing an escalation in sales complexity, attributed to rising sales distribution channels such as through marketplaces, software integrators, resellers and consulting partners. This coincides with businesses encountering significant cost pressures due to intense competition, resulting in aggressive expansion across newer regional markets and segments. Consequently, enhancing compliance measures for sales and use tax has become paramount to protect profit margins against potential audit penalties.
Back in 1959, Barbie took her first plastic steps to become the cultural icon that she is today. Living in that Barbie world meant driving
8/10/2023 Earlier this year Washington state enacted Substitute Senate Bill 5218 (Chapter 319 of Session Laws of 2023). This new law exempts sales of mobility
Presented by James Dinardo, Compliance Services Manager Sovos offers two experiences for clients that want to work with us for sales tax filing: Utilize Sovos
Presented by Ellen Michel, Product Manager at Sovos Submitting a complete and accurate sales tax return involves many steps and can require gathering information from
Businesses use software for everything, and for many companies, the aggregate cost of all their software licenses represents an enormous expense. When purchasers of business
The first half of 2023 saw significant changes in the sales tax landscape from a regulatory perspective. New rules are being enforced while others are
The Missouri Department of Revenue recently published the updated interest rate for refunds in the fourth quarter of 2023. Missouri separates its interest rates into
The City of Old Harbor has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection starting 9/1/2023
The municipality of Rio de Janeiro published Law No. 7.907 of 2023, amending the Municipal Tax Code to reduce from 5% to 2%, the ISS
7/13/2023 Maine Governor signed the fiscal year 2024-2025 budget bill, LD 258, into law on July 11, 2023. This legislation amends the Service Provider Tax.
7/10/2023 Ohio’s Governor signed fiscal year 2024-2025 budget bill, HB 33, into law on July 3, 2023. The legislation provided for numerous changes to Ohio
From July 1, 2023 non-resident sellers of goods will have to collect 5% GST on sales of goods to customers located in the Bailiwick of
6/29/2023 The Louisiana legislature has recently enacted several changes to the state’s sales tax laws. Act 171 modifies the state’s economic nexus rules. Previously remote
It’s been five years since the Wayfair decision that enabled states to extend their sales tax collection obligations to sellers based exclusively on economic nexus.
Illinois Public Act 102-0700’s groceries tax reduction is set to expire on July 1, 2023. This act suspended the state 1% low rate of sale
6/20/2023 On June 18, Texas Governor Greg Abbott signed Senate Bill 379, which will exempt wound care dressings, diapers, baby wipes, maternity clothing, breast milk