Blockchain Can’t Hide Cryptocurrency Revenues from the IRS

Blockchain technology and cryptocurrencies are natural partners, with decentralized control mechanisms and distributed models that emphasize secrecy as much as they offer privacy or security.

For the IRS, secrecy is a problem. More precisely, it’s a missed revenue opportunity. In an effort to collect tax on the booming crypto trade, the agency has already shown a willingness to enforce taxation of crypto trading platforms. How exactly the IRS will do that, however, remains a question only the agency itself can answer. And it hasn’t — yet. [Read on for more from Sovos General Manager Paul Banker in CPA Practice Advisor.]

Sales & Use Tax United States
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Software survey: Sales tax in 2019

Accounting Today quotes Sovos VP of Regulatory Analysis & Design Charles Maniace on the challenges of sales and use tax compliance in 2019.

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Brazil Colombia E-Invoicing Compliance EMEA Italy LATAM Mexico Spain United States
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Competitive Landscape: E-Invoicing, Worldwide

Gartner names Sovos in its competitive landscape of top e-invoicing compliance technology providers from around the world.

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ShipCompliant United States
May 17, 2019
Amazon planning a deeper dive into alcohol sales? A D.C.-area job posting suggests so.

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E-Invoicing Compliance EMEA United States VAT & Fiscal Reporting
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Procure-To-Pay’s Tax Conundrum

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E-Invoicing Compliance EMEA Tax Information Reporting United States VAT & Fiscal Reporting
May 17, 2019
From Watch to Know in 2019: How Sovos Enhances Businesses’ Global Tax Compliance Efforts

In his Q&A with Spend Matters, Sovos VP of Strategy Christiaan Van Der Valk discusses how Sovos brings innovation to procurement organizations and is changing the way business is done for the better.

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