Whether you’re a manufacturer, retailer, wholesaler, service organization, technology leader or any other type of business, you need a partner to make sense of the complexities of rapidly changing sales tax rules.
There are more than 12,000 state and local tax jurisdictions across the United States, and nearly every state is looking for ways to generate new revenue streams and close tax gaps.
As your business continues to expand and evolve, the complexity only grows. Every new market, product, customer and region is likely to introduce a new set of rates and rules. And getting tax right has never been more important. Don’t let a changing sales tax environment derail your businesses potential.
Integrate into enterprise and ecommerce systems of record, including the most widely used enterprise resource planning (ERP) and point-of-sale (POS) systems.
Manage compliance for the most complex states, product types and scenarios, including variables such as caps, thresholds, coupons and refunds, bracket taxing, rental taxes, tax holidays, urban enterprise zones and more.
Gain visibility and control over tax data on every purchase - without slowing down your accounts payable process.
Manage the entire exemption certificate process from collection and archiving to validation, real-time reporting and audit defense.
Accurately and efficiently manage hundreds of monthly returns and sub-schedules in every jurisdiction.
Manage your entire sales and use tax process.
Earlier this month, Washington released an Interim Guidance Statement on the taxability of non-fungible tokens (NFTs). In short, the Washington Department of Revenue (DOR) suggested that certain types of NFTs would be subject to sales and use tax under existing rules applicable to digital goods and would also be subject to their business and occupancy […]
Sales tax is commonly a driving force for revenue, yet it can be utilized by legislatures to influence change in public policy. Whether the policy sought is centered on economic, public welfare or environmental grounds, tax has been historically used as a facilitator. For example, plastic bags at checkouts of food markets are often subject […]
ebook The Sales Tax and Digital Asset Dilemma: Advice for Legislators & Regulators How digital assets and blockchain will impact sales tax Creating sales tax requirements is hardly an easy task. Nor is meeting those requirements and staying compliant in an ever-evolving industry. But the continued push to digital technology makes both sides of that […]
The State of Indirect Tax, featuring IDC, was a three-session event hosted by Sovos on April 7. It covered IDC’s thoughts on the current and future state of indirect tax, the biggest trends and changes from a regulatory perspective and the importance of aligning your IT and tax teams in your compliance strategy. The sessions […]
With a few jurisdictions already on the record, including Belgium, Spain and Switzerland, and with Puerto Rico and Washington poised to issue official guidance, it seems extraordinarily likely that within a few months a substantial number of states will have issued opinions on the application of sales tax on digital assets transferred on blockchain. With […]