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Big news: We’ve teamed up with Tungsten Automation to tackle a problem that’s long overdue for a fix: getting accounts payable and tax compliance to work together. The result? A smarter, unified, AI-powered solution that makes invoice processing simpler and keeps your business globally compliant. More in the press release:
Secure. Seamless. Compliant. With NAAT.TECH now part of Sovos, we’re delivering even more value to customers seeking integrated solutions for digital trust and tax compliance. This is compliance transformation, powered by innovation. Read the press release now:
The One Big Beautiful Bill raises the 1099-MISC and 1099-NEC reporting threshold from $600 to $2,000. That means billions in legally owed taxes could now go unreported. A new blog from Sovos unpacks how raising the 1099 threshold could cost the federal government billions every year. Read more for a breakdown of the data and its implications for the tax system’s integrity:
The Delaware VDA deadline is approaching fast! If your company received a Delaware Voluntary Disclosure Agreement invitation, your 90-day response window closes June 10th. Missing this deadline could trigger multi-year audits and substantial penalties. Revisit this blog to learn why CFOs and compliance leaders need to take this deadline seriously. Learn what’s at stake and how Sovos can help:
When is a sandwich not just a sandwich? Marks and Spencer’s Strawberries and Cream Sandwich has sparked a VAT debate in the UK. Is it zero-rated like other cold takeaway food items or standard-rated as confectionery? With sweetened bread, cream and fruit, the line between cake, sandwich and treat gets blurry. A quirky snack? Sure. But also an example of how tricky VAT classification can be. We want to know, where do you think this one falls?
Learn how Sovos and KPMG LLP help U.S. multinationals navigate the shift to real-time tax enforcement. Take action now to avoid penalties and unlock strategic value. Read part one of the Sovos + KPMG LLP blog series:
Sales tax compliance shouldn't be a back-office burden, but rather a strategic lever for growth. With 12,000+ U.S. tax jurisdictions that are ever-changing, getting it right is harder than it looks. For businesses expanding across state lines or online, understanding the nexus responsibilities and applying exemptions correctly is essential. Dive into the fundamentals and see how staying compliant can fuel confidence and scale:
When grounded in strategic design, data alignment empowers businesses to stop viewing compliance and growth as tradeoffs. With Mirror Visibility, organizations gain a unified system that advances both objectives simultaneously. Explore more in the blog by Christiaan van der Valk:
The U.S. tax gap hit $700 billion in 2022. Some experts predict it could reach $1 trillion within a decade. That shortfall is fueling aggressive policy changes, and the IRS now has the tools to enforce them. Read more about how your business can prepare from CEO Kevin Akeroyd:
Preparation doesn’t just minimize risk; it positions you to lead. Our Indirect Tax Report outlines what it takes to build a future-ready compliance strategy. Get the full insight here:
