1099
Form 1099-K Reporting: What TPSOs Should Know
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
Category: Tax Compliance
Tax Compliance
Top 5 FAQs to Prepare for the 2025 Tax Filing Season
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
Tax Compliance
2025 NAIC Bond Project – The Insurer’s Guide
The regulatory landscape for insurance companies is undergoing significant changes with the Principles-Based Bond Project which is set to take effect on January 1, 2025.
Tax Compliance
VAT in the Digital Age Approved in ECOFIN
Update: 12 March 2025 by Kelly Muniz EU Officially Adopts ‘VAT in the Digital Age’ The VAT in the Digital Age Package (ViDA) has been
Electronic Invoicing
How Do Changes to the French e-Invoicing Mandate Impact My Business?
The French tax administration has just announced structural changes to the 2026 French e-invoicing mandate that will discontinue the development of the free state-operated invoice
SAP
SAP: Keep the Core Clean for Tax and Compliance Part II
In the first blog in our series, we introduced SAP Clean Core concept and how much is being made about its impact on business, specifically
SAP
What is SAP Clean Core and What Does that Mean for Tax? Part I
Much is being made about the introduction of SAP’s ‘Clean Core’ concept and how it will impact a business’ ability to customize its ERP to
1099
IRS Pushing for Filing Due Date Changes to Combat 1099 Fraud
Millions and millions of tax dollars are lost to fraud every year due to stolen identities, dishonest tax preparers or claims of false tax losses
IPT
Applicability of IPT to Warranty Services
Italy: IPT Treatment on Used Vehicle Warranty Services On 21 May 2024, the Italian tax authority published a ruling (No. 110/2024) on the IPT treatment
Tax Compliance
The Troubling Rise of the Retail Delivery Fee and its Impact on Sales Tax Compliance
Retail Delivery Fee impacts sales tax as fuel efficiency and electric vehicles reduce motor fuel tax revenue.
Tax Compliance
Observations and Predictions: The Future of Tax and Compliance
When I became the CEO of Sovos one year ago, I knew that I was stepping into an innovative company in an industry primed for
Tax Compliance
What’s Happening Next with VAT in the Digital Age (ViDA)
It was widely expected that when the finance ministers of the EU convened last week that we’d receive news of a political agreement on the
Tax Compliance
Embrace E-Invoicing for Better Business Decisions
There is a considerable shift happening across the globe right now as governments and tax authorities are embracing e-invoicing as a method of ensuring the
Tax Compliance
The Truth is in the Transaction: How the E-Invoice Ties the Global Economy Together
Let’s begin with a basic premise. When it comes to tax compliance, you may trust your data, however, the government does not. Businesses may aspire
Tax Compliance
Unlocking VAT Recovery: Guidelines, Deadlines and Essentials
Following a webinar covering regulatory updates alongside key points of the VAT recovery process, this blog aims to shed light on the crucial aspects of
Tax Compliance
Taxation of Motor Insurance Policies: Austria
In Austria, the insurance premium tax law regulates the indirect tax that applies to elements of coverage under a motor insurance policy. This blog details
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
Tax Compliance
As the World Gets Smaller, Think Bigger About Global Tax Compliance
For the past few weeks back, my colleagues and I have been talking a lot about the importance of a global strategy when it comes