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Regulatory updates don't take a holiday! Check out the latest changes our experts tracked over the past week. Want more information? Filter by region here:
Unclaimed property might seem like a “big business” issue, but it applies to all businesses, regardless of size. Misunderstanding these requirements could lead to significant penalties, audits, or even damage to your reputation. Our comprehensive blog breaks down what unclaimed property is and how to meet state reporting requirements. Read it here:
With online sales booming, states are introducing Retail Delivery Fees to support transportation infrastructure. But what does this mean for retailers? Charles Maniace explores the impact and how to stay compliant in Retail TouchPoints.
Exciting News! Sovos has been named a Leader in the IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment 🌍 What sets us apart? ✅ Industry-leading VAT functionality ✅ Global expertise with localized support ✅ Powerful cloud platform integration Our commitment to innovation and excellence in compliance ensures businesses worldwide stay ahead of tax challenges. Learn more about why IDC recognized Sovos in the report:
Check out our interactive Direct State 1099 Reporting map! With changes happening annually for individual states and form types, this resource can help anyone quickly understand filing requirements and deadlines. Just click on your state of interest to find what you need to do to stay compliant. Explore the map here:
Tax technology innovation isn’t optional for SAP customers—it’s essential. Download our latest eBook to learn how a tax technologist can be the key to driving compliance and efficiency.
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Sovos' Wendy Walker was recently featured in a CNN Business article discussing the updated 1099-K reporting requirements. These changes are especially challenging for freelancers and small businesses, who may face added complexity in income reporting. Check out the full article for her insights:
The future of VAT compliance is here—and Sovos is leading the way! Dive into the IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment report to explore how Sovos can help your business tackle the complexities of #eInvoicing in Europe. Download the report now:
Sales tax update in Vail, Colorado: effective January 1, 2025, essential hygiene items, including period products and diapers, will be exempt from sales tax. Regulatory changes like this happen all the time on local, state and federal levels and it can be hard to keep track of--- but that’s why we’re here. At Sovos, our experts are always on the lookout for regulatory changes at every level, so you don’t have to. For more updates visit our Regulatory Analysis page:
