Top Ten Sales Tax Changes of 2015

Sovos

March 17, 2016

This blog was last updated on June 26, 2021

Each year there are hundreds of tax rules and rates changes and 2015 was no different. All over the US, changes are made every year about everything from rate changes to what is taxable and of course, sales tax holidays. Was your company able to keep up? The problem of having an incorrect rate active in your sales tax process could mean a number of things for your company. Not only would you face the risk of penalties and fees, but if you are charging a customer the wrong rate, it would create an unfavorable experience that could impact your revenue and reputation. It could also trigger an audit. None of these are good things. At Sovos, we have a team of experts working full time to track and update the rule and rate changes across the globe. Our content is refreshed constantly, reducing our client’s risk and exposure. Check out our Infographic to see some of the tax team’s favorite changes made in 2015!

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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