News – Sovos

Intelligent Compliance

  • Sovos Introduces Intelligent Compliance Cloud to Safeguard Businesses from Increasingly Complex Global Compliance Burdens and Risks

    Sovos Introduces Intelligent Compliance Cloud to Safeguard Businesses from Increasingly Complex Global Compliance Burdens and Risks

    The world’s first global platform for tax compliance and business-to-government reporting pairs vast regulatory analysis with local expertise in secure cloud software to help businesses eliminate...

    Read Article
  • UK Amendment Expands HMRC Investigative Powers and Liability Risk

    UK Amendment Expands HMRC Investigative Powers and Liability Risk

    In a move that creates increased liability and risk for non-compliant institutions and individuals in the United Kingdom, HM Treasury recently published an Amendment to the International Tax...

    Read Article
  • American Health Care Act Moves Forward, Carrying With It Reporting Requirements

    Regulatory analysis: A group of Republican Senators is drafting its own health care legislation, “incorporating” some provisions of the House plan. In all likelihood, the Senate version will be...

    Read Article
  • ACA Regulatory Analysis: What Would the MacArthur Amendment Mean for ACA Reporting?

    ACA Regulatory Analysis: What Would the MacArthur Amendment Mean for ACA Reporting?

    The House Freedom Caucus endorsed the MacArthur Amendment last week, bringing Republicans closer to the 216 votes they need in order for the AHCA to pass. For now, there is no reason to assume...

    Read Article
  • U.S. Manufacturers Face Tax Reform Uncertainty

    U.S. Manufacturers Face Tax Reform Uncertainty

    Tax reform is a primary focus in Washington right now, so it is important that U.S. manufacturers understand how changes could impact their business — particularly with regard to imports and...

    Read Article
  • 1099 Updates: April 15-30

    1099 Updates: April 15-30

    Regulatory and legislative updates to 1099 form requirements that took place in recent weeks. Individual states and the IRS introduce new 1099 form requirements and changes to existing legislation...

    Read Article
  • Top 2016 Changes for Tax Information Reporting and What to Expect Next

    Top 2016 Changes for Tax Information Reporting and What to Expect Next

    With the 2016 tax reporting season mostly in the rear view mirror, it’s time to take a look back at the significant changes to the reporting landscape that occurred over the last 12 months. It’s...

    Read Article
  • Total Control: Three Ways Global Tax Administrations Are Cracking Down on VAT Liability (Part III: Transitional Systems in the European Unio

    In this conclusion to our three-part series on how tax authorities in VAT jurisdictions are using e-invoicing to control the VAT return process, we’ll look at some of the transitional systems E.U....

    Read Article
  • AEOI Updates: April 7-21

    Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations...

    Read Article
  • 60% of Filings Submitted to ‘Early Adopter’ Tax Jurisdictions for First CRS Exchange May be Rejected

    Sovos is predicting the majority of transmittals submitted by qualifying financial institutions to early adopter tax jurisdictions in the next two months may be rejected and returned for...

    Read Article
  • ACA Regulatory Update: Why a “Good Faith” Reporting Year Doesn’t Zero Out Penalties

    ACA Regulatory Update: Why a “Good Faith” Reporting Year Doesn’t Zero Out Penalties

    The Affordable Care Act Employer Mandate is in full force for tax years 2016 & 2017, despite the ongoing dialogue in Washington DC.  Although it is a “good faith” filing year, corrections and...

    Read Article
  • Massachusetts Adopts an Economic Nexus Standard For Remote Sellers and Vendors

    Remote sales continue to be an ongoing concern for vendors trying to stay compliant with state and local taxing authorities.  Massachusetts joins a growing list of states that have adopted their...

    Read Article
  • Total Control: Three Ways Global Tax Administrations Are Cracking Down on VAT Liability (Part II: Brazil)

    In this article, we turn our focus to the second and most widely used system – ex-ante and real-time invoice validation. In our previous blog, we began discussing how certain tax administrations...

    Read Article
  • 1099 Updates: April 1- April 15

    Regulatory and legislative updates to 1099 form requirements that took place in recent weeks. Individual states and the IRS introduce new 1099 form requirements and changes to existing legislation...

    Read Article
  • AEOI Updates: March 25 – April 7

    AEOI Updates: March 25 – April 7

    Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors new regulations...

    Read Article
  • Tension Escalates as CRS Deadlines on the Horizon

    Paul Banker, General Manager – Sovos Compliance, attended a meeting of Working Party No. 10 on Exchange of Information and Tax Compliance, as a member of the CRS Business Advocacy group that works...

    Read Article
  • Large Challenges Await Financial Institutions: An Interview with Corinna Hedtke, Standard Chartered Bank

    Financial institutions (FIs) will face major challenges when preparing for the Common Reporting Standard (CRS). Among the most significant of these will be compiling and organizing their data at...

    Read Article
  • Hungary Adopts Real-Time Reporting Regulations

    Hungary’s tax authority announced in late 2016 that it would implement mandated real-time reporting starting July 1, 2017. As that date draws near, one certainty exists – companies with VAT...

    Read Article
  • 4 Trends Impacting IT Teams’ Ability to Support Sales and Use Tax Compliance

    4 Trends Impacting IT Teams’ Ability to Support Sales and Use Tax Compliance

    This summary of our Sovos Tax Tuesday webinar addresses the challenges that IT managers face, and solutions to managing sales and use tax compliance. On March 28, I was joined by Chuck Maniace and...

    Read Article
  • 1099 Updates: March 2017

    Regulatory and legislative updates to 1099 form requirements that took place in recent weeks. Individual states and the IRS introduce new 1099 form requirements and changes to existing legislation...

    Read Article
  • loading
    Loading More...