💡 Discover the most effective activities to build your reputation as a strategic leader. Get the CFO’s Daily Checklist, created with NetSuite, and start making an impact today! #CFO #ExecutiveLeadership
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:
Exciting news! We are thrilled to welcome David Woodworth as our new Chief Financial Officer and Swati Garodia as our new Chief Product Officer. Their leadership and expertise signal an exciting new chapter for Sovos. With their guidance, we’re ready to drive innovation and growth, delivering even greater value to our customers. Hear their insights and learn more in the press release:
One of the core concepts in #SalesTax compliance is also one of the most frequently misunderstood: the differences between sales tax and use tax. Read Charles Maniace's blog where he breaks down each tax type:
A tax engine integrated with your SAP platform reduces manual processes, cuts maintenance costs and keeps your business audit-ready. Learn more in our eBook:
Black Friday & Cyber Monday broke eCommerce records, and Sovos ensured accurate tax calculations for every transaction. With cutting-edge technology and seamless scalability, we helped businesses deliver exceptional customer experiences during the pinnacle of the shopping year for our retail clients. Learn more:
Is your statutory reporting system holding your team back? For one large insurer, outdated systems led to: ⚠️ Time-consuming manual data formatting ⚠️ Limited functionality and errors ⚠️ Delayed regulatory updates With the help of Sovos’ Statutory Reporting Solution, these roadblocks are a thing of the past. Learn how Sovos and EXL transformed their reporting process here:
With updated IRS rules for Form 1099-K reporting, many TPSOs are facing confusion over conflicting guidance. Wendy Walker's blog clarifies the new $5,000 threshold for 2024 and explains how to navigate IRS instructions. Read it here:
