As Part of its Mission to Solve Tax for Good®, Sovos Offers Free Filing Support for Companies Affected by COVID-19

May 12, 2020

Global tax software leader Sovos today announced that it is offering retailers and direct-to-consumer (DtC) manufacturers one file-ready sales and use tax return for any U.S. state at no cost. The free offering is available throughout May 2020, and aims to alleviate some of the burden that COVID-affected businesses are facing.

“Our social mission is to Solve Tax for Good, and we mean that in every sense of the word,” said Pawel Smolarkiewicz, chief product officer at Sovos. “After hearing about the challenges many businesses are facing during today’s environment, we wanted to help.”

The Tax Filing Drain
Sales & use tax filing is complex, with differing regulations by state and local jurisdictions. In fact, businesses with nationwide nexus must track and comply with regulations in each of the 12,000 state and local tax jurisdictions in which they do business.

Moreover, rates and rule accuracy is a continually moving target. Between 2017 and 2018 alone, Sovos identified a 28% increase in the number of jurisdictions reporting a standard rate change. And Aberdeen Research found that about half of companies cite tax filing as a top business drain. Add in today’s pandemic crisis, and the filing burden is exponential.

COVID-19 and Increasing Tax Complexity
When the pandemic hit, ecommerce became the only channel to buy products deemed non-essential. Most retail sectors have seen a 74% growth in online shopping in March 2020 compared to the same period last year.

While this growth is a lifeline for many struggling retailers and a welcome boost for essential sellers, an increase in online sales adds more complexity for businesses unfamiliar with the tax ramifications of expanded ecommerce.

“Sovos Sales and Use Tax Filing has always enabled retailers and DtC manufacturers to file more returns accurately and on time in every jurisdiction with less effort,” said Smolarkiewicz. “But we recognize business is more difficult than ever as sales strategies have pivoted, resources are stretched, and teams are working remotely. So, for the month of May, we’re taking our easy-to-use product a step further with a limited, free service.”

Sovos Sales and Use Tax Filing is a finalist for a 2020 SIIA CODiE Award in the best compliance solution category. Retailers and manufacturers can try it for free by clicking here to file now.

About Sovos
Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As tax goes digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit http://www.sovos.com and follow us on LinkedIn and Twitter.

Sign up for Email Updates

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

Additional Press Releases

North America Tax Compliance
July 20, 2022
Sovos Announces Partnership with Rewriting the Code to Support the Next Generation of Women in Tech

Sovos will help provide skills coaching and career mentorship to the RTC community ATLANTA – July 20, 2022 – Global tax software provider Sovos today announced a partnership with Rewriting the Code (RTC), a global non-profit organization dedicated to supporting college and early career women with a passion for technology. Sovos will help provide educational […]

Read More
North America ShipCompliant
July 18, 2022
Sovos ShipCompliant Provides Compliance Education at American Craft Spirits Association 9th Annual Distillers’ Convention

Sovos ShipCompliant addresses compliance concerns around direct-to-consumer and three-tier distribution via live presentation and ebook (ATLANTA) July 18, 2022  – Widely varying state-by-state beverage alcohol laws create a daunting challenge for craft producers who want to bring new products to market and ship direct-to-consumer (DtC) with confidence that they are complying with all regulations. In […]

Read More
EMEA VAT & Fiscal Reporting
July 5, 2022
Sovos Announces Expanded Partnership with PwC Romania for Local Distribution of its SAF-T Reporting Solution

Agreement to empower large taxpayers in the region to comply with incoming updated tax reporting compliance mandate  BUCHAREST – JULY 5, 2022 – Global tax software provider Sovos today announced an expanded partnership with PwC Romania that will allow for the local distribution of Sovos’ SAF-T solution. The deal will take Sovos’ leading software solution […]

Read More
North America ShipCompliant
June 28, 2022
Ohio Division of Liquor Control Partners with Sovos ShipCompliant to Expedite Alcohol Product Registrations Online

PRO platform reduces workload and turnaround time for registration approval  (ATLANTA) June 28, 2022  – Today, automated alcohol beverage compliance leader Sovos ShipCompliant announced that the Ohio Department of Commerce Division of Liquor Control (DOLC) has selected ShipCompliant Product Registration Online (PRO), an online submission and approval system for state alcohol regulators, that will allow […]

Read More
North America Sales & Use Tax
June 22, 2022
New Report: Nearly 800 New Sales Tax Bills Are Considered by State Legislatures Monthly

Complexity of sales and use tax continues to be a challenge for remote businesses ATLANTA – June 22, 2022 – Global tax provider Sovos today announced that there are an estimated 800 sales tax bills under consideration by state legislators each month, highlighting the ongoing complexity of sales and use tax on the fourth anniversary […]

Read More