Take Control of Your Tax and Regulatory Reporting

SIMPLIFY YOUR REPORTING

Reduce risks and simplify processes with a centralized solution

New economies are emerging, and employment and income models are shifting. These changes have created a greater sense of urgency for regulatory authorities to ensure that all potential revenue is accounted for and collected.

In response, they are demanding increased levels of detailed reporting and transparency with the potential to consume vast resources for those trying to manage these processes manually.

Tax and Regulatory Reporting Featured Solutions

Tax withholding (payroll and non-wage)

Software and managed services solutions for large complex financial institutions and corporations that improve the accuracy and efficiency of withholding tax payments and returns for payroll, state unemployment, 1099 backup and IRA tax withholding

1095 Affordable Care Act reporting

Software and managed service solutions for small to large complex employers, as well as health insurers, designed to reduce risk and simplify the complexity of IRS and state Affordable Care Act reporting

Statutory compliance

Software solutions for small to large insurers designed to improve operational efficiencies and improve data accuracy for NAIC annual and quarterly filings, state forms, and premium tax filings

AEOI/CRS reporting

Software solution for large, complex financial institutions with multi-jurisdiction presence designed to reduce risk and simplify FATCA and CRS reporting requirements globally.

The Latest in Tax and Regulatory Reporting

North America Tax Information Reporting
July 22, 2021
Expansion to Statutory Schedule Y

As we pass the midpoint of the year, many companies are already looking toward year end, trying to ready themselves for various new reporting requirements. Among those is the expansion to statutory Schedule Y where newly adopted Part 3 will join the family and require disclosures on related party insurer members of a holding company […]

North America Tax Information Reporting
July 21, 2021
5 Reasons to Attend Sovos’ Insurance and Regulatory Summit

Sovos is the industry leader in U.S. insurance accounting and reporting, education and software. From our expert level instructors, to our industry best-in-class software and support, to our customized high-quality training, Sovos helps you meet your organizational goals. Being the industry leader requires staying ahead of industry changes in insurance accounting and financial reporting.  To […]

North America Tax Compliance Tax Information Reporting Unclaimed Property
August 31, 2021
IASA Xchange Conference | Aug 29-31 | New Orleans, LA

Join us for the education and networking you need, and stay and experience that NOLA hospitality and culture of great jazz, unique culinary food and fun. Stop by Sovos booth and learn more about our Tax Regulatory and Reporting solutions.  As they say in New Orleans, “We’re Jazzed to See Ya!”

Tax Information Reporting
May 26, 2021
5 Ways to Improve Back Office Financial Systems for 1099 Tax Reporting

Finding all-in-one back office systems to help manage the day-to-day operations of a financial institution or insurance company can seem like an impossible task. Having all your organizational products, processes, channels, customer information and management tools in one place can save you time, increase efficiency and reduce your risk of errors. And that includes tax […]

North America Tax Information Reporting
May 4, 2021
Tips to Minimize Risk for Form 1099-K Reporting

Financial services and institutions are especially vulnerable to the increased risks that come with handing significantly more Forms 1099 due to new IRS regulations. If you‘re tasked with managing compliance or managing fraud for your organization, this burden may very well fall into your lap. It’s important to be proactive in safeguarding your organization from […]