Don’t just take our word for it. There’s a reason Sovos products are used by over half the Fortune 500 and the world’s smartest companies.
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.”
This is the first in a series of reports on 1099 reporting featuring numbers not available anywhere else. In this number-filled report, discover graphics with exclusive data from Sovos on 1099-MISC nonemployee compensation reporting and understand where the future of the form lies.
This report highlights the trends and best practices within the tax information reporting and compliance industry, specifically for corporate (non-financial) organizations. As the landscape of tax information reporting continues to expand with new regulatory requirements, as well as increased complexity of existing obligations, organizations are facing new and long-standing challenges to maintain compliance. This report covers these challenges and the best practices that businesses are implementing to simplify their processes and improve compliance.