FATCA Reporting Deadline Looming with Newly Added Countries Expected to Comply
Governments around the world are joining the U.S. in its efforts to eliminate tax evasion by signing onto the Foreign Account Tax Compliance Act. While
Category: Tax Compliance
Sending Your ACA Data Through the IRS AIR Testing System
AIR System 101: Testing and Preparing for the First Year of Required Reporting, Transmittals to the IRS Who Must Use the New IRS AIR System?
Australia gears up for CRS
As FATCA rolls on, countries are now starting to pay attention to CRS and recognizing that it isn’t simply a bigger version of FATCA. Australia,
ACA – Be Prepared as Mandatory Reporting Looms on the Horizon
With less than 100 business days until the mandatory reporting deadline arrives for ACA 1094 and 1095 forms, it is critical that human resource (HR)
Sovos Compliance Purchases WineDirect Compliance
Sovos Compliance is pleased to announce the acquisition of WineDirect Compliance, a product of WineDirect. This compliance tool will be integrated into ShipCompliant’s offerings, which
The Heat Is On (or is it?) During the Georgia 2015 Energy Star and Water Sense Sales Tax Holiday
For those of you responsible for sales tax compliance in the retail industry, the month of August can be somewhat challenging. As detailed in previous
India seeks to end black money
The U.S. Foreign Account Tax Compliance Act has made impressions all over the globe. While many countries are signing on to FATCA agreements with the
Sovos Compliance’s Newest Certified Adapter Offerings
Seamless integration between business systems is critical to creating efficiency and profitability. To achieve this, it is crucial that adapters between different software programs work
FBAR deadline moved from June to April
Americans in charge of financial accounts overseas will have to report on those accounts to the Treasury Department a little earlier than expected next year.
Tax Compliance
Louisiana Local Tax: Understanding Where It Differs From the State Tax
Louisiana has a sales tax at both the state and the parish (county) level. The state rate is 4%, while the parish rates vary. In
Bahamas confident it is FATCA ready
The Bahamas is taking the last formal steps necessary to comply with the U.S. Foreign Account Tax Compliance Act before the law’s reporting deadline of
Top Ten Things to Know About AIR Testing and ACA Reporting Compliance
What is the AIR system? Why do you need to know what this is? How does it relate to tax information reporting? These are common
Governments getting ready for FATCA deadline
The U.S. deadline for reporting financial information on accounts in foreign financial institutions is Sept. 30. Some foreign governments and financial institutions are in varying
FATCA self-certification could cause headaches for financial institutions
The 2015 reporting deadline for the U.S. Foreign Account Tax Compliance Act is Sept. 30, and governments around the globe are doing what they can
Expansion of Personal Property Lease Transaction Tax in Chicago Delayed until January 1, 2016
Sovos Compliance has been closely watching recent developments in the City of Chicago as it relates to the issuance of new guidance defining the proper
CRS: The First Steps Towards Compliance and Guidance Begins
There has been a recent development in the evolution of global information reporting and the Common Reporting Standard (CRS) reporting requirements. On August 7, 2015, the
Summer Cruising in New York
Most people are probably not aware that the taxability of a cruise ticket in New York depends on whether or not food or drink is
Indirect Tax Changes in Puerto Rico
As result of the passage of Law 72-2015, the indirect tax system of the Commonwealth of Puerto Rico is undergoing a remarkable transformation which is