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The U.S. software industry is witnessing an escalation in sales complexity, attributed to rising sales distribution channels such as through marketplaces, software integrators, resellers and consulting partners. This coincides with businesses encountering significant cost pressures due to intense competition, resulting in aggressive expansion across newer regional markets and segments. Consequently, enhancing compliance measures for sales and use tax has become paramount to protect profit margins against potential audit penalties.

The U.S. software industry is witnessing an escalation in sales complexity, attributed to rising sales distribution channels such as through marketplaces, software integrators, resellers and consulting partners. This coincides with businesses encountering significant cost pressures due to intense competition, resulting in aggressive expansion across newer regional markets and segments. Consequently, enhancing compliance measures for sales and use tax has become paramount to protect profit margins against potential audit penalties.

As we approach the five-year anniversary of South Dakota v. Wayfair, states must take meaningful steps to ensure their tax laws and rules can be readily complied with by both local and remote sellers.

How important is a customer’s street address for accurate tax determination? We’ll explore how addressing this issue head on is critical to the continuing relevance of sales tax in an increasingly digital economy.

Download the white paper to learn what you need to know about reporting nonemployee compensation.

Learn how the government is implementing real-time mandates and what your organization needs to prepare for.

We explore what’s driving the evolution of sales tax and how the right tools can give you sales tax peace of mind.

As the IRS prepares to release Form 1099 reporting requirements for virtual asset transactions, VASPs need to evaluate the various aspects of virtual currency cost basis calculations and the resulting tax withholding and information reporting considerations.

The second annual Sovos Sales and Use Tax report delves into numerous issues impacting the industry, including the long-term implications on regulatory authorities from COVID-19 and how the existing tax gap is fueling new approaches to oversight and enforcement of current laws and standards.

In the Gartner 2021 CIO Agenda: A U.S. Perspective, “respondents in the U.S. report digital business acceleration in the face of COVID-19 and an increased opportunity for business redesign. Despite being global pace setters, U.S. CIOs have a lot of opportunity to leverage digital innovations for value creation.”

White paper Don’t Let Government Mandated E-Invoicing Stop Your Business Governments are moving away from ad hoc e-invoicing oversight in favor of always-on transparency and enforcement. Your ERP, accounts payable/receivable, procure-to-pay, order-to-cash, supply chain and logistics, and HR and payroll systems – they’re all in play. This new level of mandated transparency introduces a new […]

Download this white paper to learn some of the most common issues organizations face during year-end 1099 reporting, along with best practices to help your business avoid them.

Welcome to the 12th edition of Sovos’ annual trends report, where we put a spotlight on current and near-term legal requirements across regions and VAT compliance domains.

To help you better manage your time, meet sales tax deadlines and avoid costly penalties, we’ve compiled a toolkit to get you through the sales tax annual filing period.

At the heart of any successful Brexit plan is VAT compliance. As the end of the Brexit transition period fast approaches, businesses of all sizes and across all industries must rapidly prepare for the changes to come and must consider compliance at every turn.

This Sovos report provides an inside look at Sales & Use Tax, focusing on the trends, impediments and technology facing organizations as they try to solve sales tax issues in a post Wayfair economy.

Better conversations reduce risk, uncover opportunities and solve problems.

Sovos and CryptoTrader.Tax give concise and clear analysis of emerging guidance on tax reporting challenges and solutions for exchanges and traders.