IRS Issues Updates on 2025 Form 1099-R Reporting
Following the release of updated Instructions for Form 1099-R/5498 for tax year 2025, the IRS has issued two additional updates modifying reporting requirements. The updated
Region: North America
News
Sovos Launches OptiTax™ Solution to Transform Use Tax Compliance Management
New analytics-driven platform helps finance teams uncover exposure, recover lost cash, and streamline audit and compliance processes Atlanta, GA, October 23 – Sovos, the always-on
Sales & Use Tax
Alabama Sales Tax Guide
Alabama Sales Tax Rate Alabama imposes a statewide sales and use tax rate of 4.0 %. The state imposes local taxes at county, city and
Sales & Use Tax
Georgia Sales Tax Guide
Georgia Sales Tax Rate Georgia imposes a statewide sales and use tax rate of 4%. The state does allow local jurisdictions to levy additional sales
Sales & Use Tax
Oklahoma Sales Tax Guide
Oklahoma Sales Tax Rate Oklahoma imposes a statewide sales and use tax rate of 4.5%. The state allows local jurisdictions to levy additional sales taxes.
Sales & Use Tax
Texas Sales Tax Guide
Texas Sales Tax Rate Texas imposes a statewide sales and use tax rate of 6.25%. The state does allow local jurisdictions to levy additional sales
Sales & Use Tax
New York Sales Tax Guide
New York Sales Tax Rate New York imposes a statewide sales and use tax rate of 4%. The state does allow local jurisdictions to levy
Beverage Alcohol
California’s New Alcohol Shipping Law (AB 1246): What Direct-to-Consumer Spirits Shippers Need to Know
On October 3, Governor Gavin Newsom signed AB 1246 into law, making California the latest—and largest—state to enable consumers to receive direct-to-consumer (DtC) shipments of
Value Added Tax
Navigating Tax Reform: Impacts on Tax Calculations
Tax Reform is moving forward and will bring profound structural changes to the Brazilian tax system. Among the biggest challenges for companies is the complete
Value Added Tax
VAT Snapshot: From Poland to the UAE – Preparing for 2026 Mandates
In this extended instalment of our quarterly VAT Snapshot webinar covering Poland, France, Croatia, Greece, United Arab Emirates and Oman our experts will navigate the
1099
Digital Asset Tax Policy: Key Insights from Coindesk’s Policy and Regulation Event
The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report,
Value Added Tax
Tax Readiness Series 2025
As the final quarter kicks off, it’s the perfect time to tighten your tax reporting strategy. With regulations evolving and penalties on the rise, even
Tax Compliance
Navigating the New Landscape: Federal Digital Asset Tax Policy and Compliance
The White House Digital Assets Report has signaled a transformative shift in cryptocurrency tax policy, with Chapter VII establishing clear priorities for federal guidance that
[NEW] Tax Withholding Template
ProductsInformation Reporting and Withholding SuiteTax Withholding Management Tax Withholding Management Software Description Automation of payroll and non-wage tax withholding payments, filing returns and reconciliation. FeaturesPre-built
Beverage Alcohol
DtC Wine and Spirits Shipping: Why Can Wine Ship but Not Spirits?
The U.S. wine industry has spent decades building a thriving direct-to-consumer (DtC) shipping channel that’s now worth nearly $4 billion annually. Spirits, on the other
Beverage Alcohol
Strong Demand Persists for Direct-to-Consumer Shipping of Craft Spirits
Newest Sovos Direct-to-Consumer Spirits Shipping Report points to a pressing need for expanded shipping laws to match demand and drive spirits sales ATLANTA, SEPTEMBER
Sovos for SAP ERP
Sovos Compliance Network Turkey for SAP BTP
With Sovos’ next-generation e-document solution built on SAP BTP and fully supporting the Clean Core strategy
Sovos for SAP ERP
SAP Clean Core Strategy and Next Generation Approach to E-Document Solutions
SAP’s Clean Core is a strategic framework that simplifies, drives sustainability, and ensures system compatibility.