13,000 Ways to Avoid Filing Errors, Fines and Penalties

Sovos
February 5, 2015

This blog was last updated on June 27, 2021

Keeping up with the tax rules in every jurisdiction can be a daunting and time consuming task. With hundreds of State, City, County and District rates to worry about, it is easy for changes to slip through the cracks resulting in filing errors, fines and penalties.

“As we started selling into new states, the burden of keeping up with sales tax rules and rates grew exponentially.  We were unable to keep up with all the changes and started to struggle with filing errors and the time it took to research and remediate issues.”

As businesses grow, they quickly realize the need for automation.  The key is to ensure that the automation partner you select can keep their software up to date with all of the regulations that affect your business. US Sales Tax Jurisdictions - Taxware How to Avoid Errors, Fines and Penalties in 13,000 US Sales Tax Jurisdictions At Taxware, we support a robust suite of good/service codes that cover a wide variety of industries across 13,000+ sales tax jurisdictions.  We keep track of each State, City, County and District rates and rules to provide constant updates our software solutions – helping your business to avoid filing errors, fines and penalties across all US Sales Tax Jurisdictions. For instance, over the past year, there have been 1,144,963 total U.S. sales tax rules changes. Taxware tax experts monitored and translated 316,437 tax rule updates into our software solutions. This takes the burden off our clients and gives their employees their time back to focus on more important tasks and growing their business. View our interactive Sales Tax Jurisdiction Map to see just how many rules Taxware can manage for your organization through superior tax research, managed sales tax services and robust sales tax automation software that integrates with your ERP Systems.   Ready to Automate your Sales and Use Tax Compliance? Talk to Taxware about automating Sales and Use Tax Compliance for your business.  

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

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.
Share this post

2025 tax filing season
North America Tax Information Reporting
November 21, 2024
Top 5 FAQs to Prepare for the 2025 Tax Filing Season

This blog was last updated on November 21, 2024 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 season. As they brace themselves for the flood of forms, regulatory updates, and tight deadlines, the fear of missing a critical […]

dtc shipping law updates
North America ShipCompliant
November 13, 2024
DtC Shipping Laws: Key Updates for Alcohol Shippers

This blog was last updated on November 13, 2024 When engaging in direct-to-consumer (DtC) shipping of alcohol, compliance with different state laws is paramount and so keeping up with law changes is critical. In 2024, the rules in several states for DtC have already been adjusted or will change soon. Here is a review of […]

sales tax vs. use taxes
North America Sales & Use Tax
November 8, 2024
Sales Tax vs. Use Tax, Explained. Who Reports What, and When?

This blog was last updated on November 19, 2024 One of the core concepts in sales tax compliance is also one of the most frequently misunderstood: the differences between sales tax and use tax. These tax types may look similar on the surface, but knowing the differences is essential for staying compliant and avoiding costly […]

2025 bond project
North America Tax Information Reporting
November 4, 2024
2025 NAIC Bond Project – The Insurer’s Guide

This blog was last updated on November 14, 2024 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. These changes, driven by the National Association of Insurance Commissioners (NAIC), will impact how insurance companies classify and value bond investments, […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
November 1, 2024
VAT in the Digital Age Approved in ECOFIN

This blog was last updated on November 7, 2024 The long-awaited VAT in the Digital Age (ViDA) proposal has been approved by Member States’ Economic and Finance Ministers. On 5 November 2024, during the Economic and Financial Affairs Council (ECOFIN) meeting, Member States unanimously agreed on adopting the ViDA package. This decision marks a major […]