Utah Expands 1099-K Reporting Requirements with HB 60
On March 25, 2025, Governor Spencer Cox signed Utah House Bill 60 (HB 60) into law, significantly expanding the state’s 1099-K reporting requirements. HB 60
Solution: Tax Compliance
Events
SAPinsider Europe Super Summit
Whether you’re planning your move to SAP S/4HANA or optimizing an existing deployment, this summit will help you go beyond migration to drive true enterprise transformation.
Tax Compliance
Brazil’s Tax Revolution: Eight Years of Drastic Change Ahead
Brazil is embarking on its most comprehensive tax transformation in decades with the approval of the Reforma Tributária in January 2025
IRS Updates Instructions for Form 1099-R/5498
The IRS recently updated Instructions for Form 1099-R/5498 for tax year 2025. Form 1099-R is used to report distributions of $10 or more from retirement
Value Added Tax
Optimize your operation with a Technical Account Manager
In this webinar, you’ll learn about the strategic role of this key ally in optimizing processes, aligning teams, and boosting productivity with a focus on
Tax Compliance
The Changing Indirect Tax Landscape: How Finance Leaders Are Adapting
We recently partnered with StudioID on a global survey of 150 finance leaders to reveal significant insights into how companies are navigating the increasingly complex
Tax Compliance
Mirror Visibility™: The Future of Indirect Tax Compliance
We recently conducted a comprehensive survey of 150 finance leaders in partnership with studioID that sheds light on emerging strategies for managing tax compliance in
New York Updates NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return) and Instructions
New York recently released the new and improved version of NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return). The updated form must be
1099
The Future of Indirect Tax Trends Report | Sovos
The IRS’s final regulations on digital asset reporting mark a turning point in how crypto brokers, digital asset platforms and taxpayers report transactions.
Tax Compliance
What will be the impacts of the Tax Reform on technology and how should your company prepare?
In this edition, the focus was on the impacts of tax reform on technology and on how companies can adapt. | Read more here.
Noticias / Blog
Main Tax Reform challenges for companies
There are many challenges of the Tax Reform for companies and they will have to adapt to a specific implementation schedule.
Kentucky Releases 2025 Withholding Updates
The Kentucky Department of Revenue recently updated its withholding resources to reflect several notable changes for 2025. Most significantly, a new online system has been
The IRS Updates Form 1099-MISC
The IRS recently released an updated version of Form 1099-MISC, which is used to report a multitude of payment types including rents, royalties, attorney payments,
Events
7th Annual VAT Management Summit
We are thrilled to announce that Sovos will be Diamond Sponsors at the 7th Annual VAT Management Summit in London. The event brings together leading experts and professionals to discuss the latest trends, regulatory updates, and best practices in VAT compliance, indirect tax management and the global digital transformation of tax.
Noticias / Blog
What long-term changes are expected in Brazil as a result of the reform?
Several changes are expected in Brazil in the long term as a result of the tax reform. This represents a transformation.
Events
TEI Tax Technology Seminar
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
President Trump Signs House Joint Resolution 25, Overturning DeFi Broker Reporting Rule
On April 10, 2025, President Donald Trump signed House Joint Resolution 25 (H.J. Res. 25) into law, officially nullifying an IRS rule that sought to impose
Tax Compliance
Tax Compliance 2025: 5 Key Trends in Indirect Tax Digitization
As indirect taxes (sales tax, VAT, GST) continue to play an increasingly vital role in global economies, tax authorities are modernizing their processes to improve