Acquisition comes amid changing regulatory mandates and thresholds for e-Filing across multiple forms ATLANTA – January 11, 2024 – Global compliance technology solutions and services provider Sovos announced today it has acquired North Dakota-based Aatrix Software, a leader in payroll tax forms, extending our leadership in compliance with enhanced
Constandi to lead customer success and engagement to drive recuring revenue and customer retention ATLANTA, JANUARY 9, 2024 – Global compliance technology solutions and services provider Sovos today announced the appointment of Dominic Constandi as its new Chief Customer Officer. In this role, he will initiate and drive customer
As tax authorities continue to digitize processes in their mission to reduce fraud and close their VAT gaps, they are introducing requirements that provide greater visibility into a company’s financial operations in the form of Continuous Transaction Controls (CTC). It would be a mistake to think that being prepared to
Like many of you, I read the news that Vertex had officially moved forward with plans to acquire Pagero with interest. This hardly comes as a surprise. These two companies already had a commercial relationship and since their October public announcement of a strategic partnership, a number of industry insiders
November 2023 saw a sharp increase in the number of Notices Requesting Verified Reports for Report Year 2022 being issued by Delaware. After further research, Sovos learned that Delaware recently contracted four third-party audit firms (Kelmar, Specialty Audit Services, Discovery Audit Services, and Escheatment Experts Consulting Services) to perform the
VP of Strategy and Regulatory to guide international trade association for e-invoicing service providers ATLANTA – December 11, 2023 – Global compliance technology solutions and services provider Sovos announced today that GENA (former EESPA), an international trade association for a large and dynamic community of e-invoicing service providers, has elected
Romania e-invoicing E-invoicing in Romania is developing fast. With a current B2G and High Fiscal Risk B2B mandate already in place and a new obligation facing all companies with operations in Romania from 1 Jan. 2024, it can be hard to stay on top of your business’ requirements. Failing to
Romania SAF-T declaration Since 2022, medium and large taxpayers in Romania have had to report their VAT electronically to the tax authority under the international standard known as SAF-T (Standard Audit File for Tax). Romania implemented SAF-T to improve the data it receives in VAT returns, requiring more granular detail
Your Guide to Form 1042 eFiling Businesses must understand the requirements for electronically submitting Form 1042 eFiling returns. Need a solution now? Ask our experts which solutions and products meet your tax reporting needs. Talk to an expert The IRS released changes to electronic filing requirements for information returns effective
Spain e-invoicing: What you need to know Spain e-invoicing Spain is one of many European countries to adopt e-invoicing for taxpayers. With several standards to comply with and additional regional VAT compliance, understanding Spain’s e-invoicing requirements can be complex. Our regulatory experts break down what you need to know, from
Governments are now moving aggressively to close the gap between their tax administrations and businesses by taking advantage of digital tools. The result is a set of diverse and accelerating mandates, forcing businesses to adjust their systems and processes and provide data. The key to this is data standardization – no more tax at the backend of the process – you must solve tax at a point in time. By moving tax controls much closer to the actual business operation, tax administrations can also respond to anomalies in near-real-time.
Join us for our upcoming webinar on E-invoicing in the Dominican Republic for businesses aiming to navigate the digital landscape. As part of this discussion, we will emphasize the importance of choosing a certified provider with a strong technological foundation and an extensive regulatory background. Gain valuable insights and actionable strategies
Greece’s VAT reform started back in 2020 and it has manifested itself in three continuous transaction control (CTC) initiatives. Namely, the initiatives are: myDATA e-audit scheme Voluntary CTC e-invoicing, performed through service providers who must meet certain certification criteria New generation cash registers which report B2C data to myDATA in
As a business, complying with local laws, rules and mandates is not optional, but a requirement to operate. Achieving this takes resources: human, technical and financial. All things that everyone would rather allocate to attracting new customers and growing their business. At Sovos, we get it. The situation The world
Credit.org recently released an excellent article on the five dangers of credit card use. In reviewing the factors that author Melinda Opperman puts forth, it was impossible to ignore the parallels in which many businesses approach their compliance management practices. As credit cards are something that most people have and
The two-day 2023 Sovos ShipCompliant Beverage Alcohol Summit virtual event included a wide variety of speakers covering topics that affect every level of the industry. Some of the highlights from the event are presented below. Actionable DEI Strategies for Growth Dr. J Jackson-Beckham, of Brewers Association, shared five strategies to
Sovos is a Gold sponsor of Tax Executive Institute’s 75th Annual Conference. Engage with our team during two speaking session and and offsite event, or book 1:1 time to discuss your compliance strategy.
Updated: 9 April 2024 Intrastat thresholds are value thresholds which decide if companies in an EU Member State qualify to file a return to tax authorities, based on their intra-community trading. These thresholds change annually, prompting businesses to conduct an annual recalculation to know their obligations. This blog contains all