State reporting requirements vary by state and can change from one year to the next. The constant change coupled with a relatively quick turnaround time from guideline announcement to enforcement leaves many businesses at risk for reporting inaccuracies, leading to audits and potential penalties. Businesses often must dedicate full-time team members and other limited resources to monitor and implement these changes – talent and resources that could be spent on other business-critical tasks.
Sovos’ team of regulatory experts have gathered the most up-to-date state reporting changes going into tax year 2022 and will share some best practices for a successful 2022 reporting season. Topics will include:
- Delaware 1099 updates
- Minnesota W4MNP
- Utah Withholding
- 1099-NEC
- Question & Answer
