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  • Automating Tax Compliance Along the Procure to Pay Process – Webinar Recap

    Automating Tax Compliance Along the Procure to Pay Process – Webinar Recap

    Sovos indirect tax experts, Matthew Walsh and Chuck Maniace, recently presented webinar attendees with valuable information on how to automate tax compliance on the AP side in our Webinar,...

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  • UPDATE: Colombia Accelerates eInvoicing Compliance for Large Taxpayers

    UPDATE: Colombia Accelerates eInvoicing Compliance for Large Taxpayers

    In late November, Colombia executed its authority to mandate electronic invoicing compliance prior to the official January 2019 deadline. The DIAN, Colombia’s tax and customs administration,...

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  • Senate Tax Reform Bill Maintains Employer Mandate and Reporting Requirements

    Senate Tax Reform Bill Maintains Employer Mandate and Reporting Requirements

    The tax reform bill that just passed the Senate does not eliminate the employer mandate to provide health insurance, nor does it change Affordable Care Act reporting requirements for eligible...

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  • Massachusetts Changes 1099-K Threshold in Conflict with Federal Requirements

    Massachusetts Changes 1099-K Threshold in Conflict with Federal Requirements

    Massachusetts has become the first state to take action toward collecting tax money lost in the sharing economy. The commonwealth recently lowered the threshold for reporting income on the 1099-K...

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  • Tax Compliance Software – 4 Key Characteristics Reduce Risk

    Tax Compliance Software – 4 Key Characteristics Reduce Risk

    The tax compliance playing field has gone global, with a complex web of intersecting, and sometimes conflicting, tax laws and jurisdictions. The digital era of tax compliance requires tax...

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  • 1099 Season Checklist: Meeting the Challenges of Changing Requirements

    1099 Season Checklist: Meeting the Challenges of Changing Requirements

    The PATH Act is back for a sequel to last season’s confusion over compliance requirements, and this time, states have joined the show. For the upcoming 1099 tax season, it’s more important than...

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  • 5 Considerations for Colombia’s eInvoicing Requirement

    5 Considerations for Colombia’s eInvoicing Requirement

    By January 2019, all companies that pay VAT in Colombia will be required to comply with mandatory e-invoicing as the country aims to curb tax evasion and increase collections. However, businesses...

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  • ACA Season Preparation: Deadlines and Penalties Get Serious

    ACA Season Preparation: Deadlines and Penalties Get Serious

    The Affordable Care Act (ACA) survived an onslaught of resistance and repeal attempts last summer, and ACA reporting for tax year 2017 reporting is definitely happening. This year, unlike in years...

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  • Point vs Scalable VAT Compliance and Reporting Solution Comparison

    Point vs Scalable VAT Compliance and Reporting Solution Comparison

    As businesses consider technology to support compliance, there are two primary types of solutions they can choose: point or scalable. In a recent infographic, we examined how point solutions...

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  • Tax Analyst Skills Needed for the Future of Indirect Tax

    Tax Analyst Skills Needed for the Future of Indirect Tax

    What are the skills today’s tax analyst needs to prepare for the future of indirect tax? You may have gone into the profession thinking, “I’m better at math than language, and being a tax analyst...

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  • VAT Compliance and Reporting Technology: A “Nice to Have” or “Must Have?”

    VAT Compliance and Reporting Technology: A “Nice to Have” or “Must Have?”

    New and evolving VAT compliance and audit mandates are putting a lot of pressure on businesses, making them reevaluate how they internally manage indirect tax determination and reporting. Nearly...

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  • “Recurso de Amparo” or Writs of Amparo filed against eContabilidad requirement in Mexico no longer a viable strategy to delay obligations

    “Recurso de Amparo” or Writs of Amparo filed against eContabilidad requirement in Mexico no longer a viable strategy to delay obligations

    When the Miscellaneous Resolution for 2015 entered into force requiring the report of the Electronic Accounting (“eContabilidad” or eAccounting), a great number of taxpayers that considered that...

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  • Procure-to-Pay Tax Compliance Practices – Sovos L.A. Event Recap

    Procure-to-Pay Tax Compliance Practices – Sovos L.A. Event Recap

    Sovos was on the road for one of our local Global Compliance Series (GCS) events at The Palm in Los Angeles last week. Our experts — Matt Walsh, Principal of Indirect Tax at Sovos, and Tim...

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  • 1099 Compass Regulatory Update: Week of Nov. 6, 2017

    1099 Compass Regulatory Update: Week of Nov. 6, 2017

    Changes to tax compliance requirements and legislation happen frequently at the state and IRS levels.  In order to provide customers with the updated and accurate information they need, Sovos...

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  • 3 months later Spain’s SII Real-Time Reporting Rollout continues

    3 months later Spain’s SII Real-Time Reporting Rollout continues

    Several modifications to the Spain’s SII Real-Time Reporting mandate are expected to go into effect during 2018 and beyond. We already announced that SII will expand to Basque Country and Navarra...

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  • 1099-Krazy: Why Tax Reporting in the Sharing Economy Is about to Get a Lot More Difficult

    1099-Krazy: Why Tax Reporting in the Sharing Economy Is about to Get a Lot More Difficult

    Two trends have converged to create a nightmare for tax information reporting. First, the sharing economy has redefined work and taxation of wages. Second, the IRS has decided that it needs to...

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  • Unlucky 7: New IRS Guidance Reveals Why 1099-MISC Forms Could Be at Risk

    Unlucky 7: New IRS Guidance Reveals Why 1099-MISC Forms Could Be at Risk

    IRS Publication 1220 contained a potentially nasty little surprise for 1099-MISC filers. The trouble centers on Box 7, the area of the form where filers signify non-employee compensation. For tax...

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  • VAT and B2G Reporting Newsletter: October 2017

    International News European Commission Proposes VAT Overhaul On October 4, 2017, the European Commission published a set of proposals aimed at simplifying and modernizing the current VAT system....

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  • Brazil Eliminating Access to Free E-Invoicing Software

    Brazil Eliminating Access to Free E-Invoicing Software

    These states are making the move away from free e-invoicing software for several reasons, including the sheer difficulty involved in managing technology capable of meeting Brazil’s compliance...

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  • AEOI Compass Update: Week of Oct. 30, 2017

    AEOI Compass Update: Week of Oct. 30, 2017

    Changes to global FATCA and CRS compliance requirements happen frequently.  In order to provide customers with the updated and accurate information they need, Sovos documents each of these changes...

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