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
Category: Tax Compliance
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
1099
IRS’ New Extension of Time Impacts 2023 Recipient Statements
Unbeknownst to many issuers of 1099 and other information returns, Form 15397 Application for Extension of Time to Furnish Recipient Statements was debuted by the
Tax Compliance
Why the Math for Point Solutions Simply Doesn’t Add Up
A couple weeks back, Sovos introduced the Sovos Compliance Cloud. The industry’s first and only solution that unifies tax compliance and regulatory reporting software in
Tax Compliance
What Is Indirect Tax?
When most people think about “taxes” it’s likely that their thoughts first turn to “direct taxes.” However, in today’s economy, “indirect taxes” are becoming increasingly
Tax Compliance
What are RUUPA’s Pre-Presumption Outreach Requirements?
Managing compliance with unclaimed property has become challenging due to the constantly changing legislative environment. A recent obligation gaining traction among states, which companies must
Tax Compliance
IRS Delays E-File Requirement for Form 1042: What You Need to Know
In a recurring theme, the IRS released communication this week that exempts the requirement to e-file Form 1042 Annual Withholding Tax Return for U.S. Source
Tax Compliance
ACA Reporting Deadlines and More for Tax Year 2023
Affordable Care Act (ACA) reporting has started for tax year 2023. ACA reporting can quickly become complicated and costly with IRS penalties if your business
Tax Compliance
Consequences of Non-Compliance with Unclaimed Property Laws
Building and maintaining a program to ensure compliance with the ever-changing unclaimed property laws is challenging, costly and time consuming. As a result, many companies
Tax Compliance
Most Popular Wine Varietals Shipped in 2023 and More
Last month, Sovos ShipCompliant and WineBusiness Analytics released the 2024 Direct-to-Consumer Wine Shipping Report, marking the fourteenth consecutive collaboration between the two companies. Alex Koral
Tax Compliance
The 2024 UPPO Annual Conference | 5 Things to Expect
The unclaimed property (UP) community will convene in Las Vegas starting Sunday, March 10 for the 2024 Unclaimed Property Professionals Organization (UPPO) Annual Conference. Running
1099
4 Key Takeaways on Recent Form W-8 and Form W-9 Changes
Last year, Sovos and Comply Exchange held a customer roundtable discussion on recent Form W-8 and Form W-9 changes. Here are some of the top
Tax Compliance
Prepare for Annual Statement Season with Sovos Education Services
As we approach annual statement season, join us at Sovos Education for one of our refresher or short courses to get up to speed on
Tax Compliance
Utilizing a ‘How To’ Manual to Prepare Your Annual Statement
While the NAIC Annual Statement instructions are useful when completing your annual statement, they don’t always address every page or every row/column on an exhibit