News

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

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

April 24, 2017, 3:00 am EDT in AEOI Reporting, Blog, News, Press Release, Press Releases

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 correction and resubmission. As a result, institutions may require several rounds of resubmissions before their data is accepted. The majority of transmittals submitted...

Sovos Joins Salesforce Partner Program to Drive Customer Success by Simplifying Sales Tax Compliance for Online Sellers with Salesforce Commerce Cloud

April 7, 2017, 8:30 am EDT in Enterprise Sales Tax, News, Press Releases

Sovos delivers certified, pre-built integration to help Commerce Cloud customers quickly expand their geographic and product footprints with enterprise class sales tax compliance tools. Sovos, a leading provider of software that helps global brands reduce the burden and risk of tax compliance, today announced that it has joined the Salesforce Partner...

ZEDRA Signs Sovos to Automate Multi-Jurisdiction AEOI Tax Reporting

March 20, 2017, 4:00 am EDT in AEOI Reporting, News, Press Releases

20 March 2017: ZEDRA, the independent global fund specialist in Trust, Corporate and Fund services is pleased to announce it has placed an order with global tax compliance software leader Sovos for its AEOI Reporting solution. Once implemented, the solution will help ZEDRA meet the demands of its tax compliance...

Sovos Compliance and Tytho sign a strategic partnership agreement

Press Release: Sovos Compliance and Tytho Sign a Strategic Partnership Agreement

March 1, 2017, 10:13 am EDT in News, Press Releases

On February 1st, Sovos Compliance and Tytho made a move to further reinforce their leadership position in tax technology, and today are announcing their non-exclusive partnership agreement. They have established a partnership whereby Tytho will assist with the implementation of Sovos Compliance solutions and promote the Sovos Compliance suite of...

Press Release: Sovos Compliance Recognized as 2016 Best Tax Information Reporting Firm

December 22, 2016, 8:00 am EDT in News, Press Releases

Wealth & Finance International awards compliance software provider for helping businesses comply with complex and ever-evolving regulations. December 22, 2016, Wilmington, Massachusetts — Wealth & Finance International named Sovos Compliance as the 2016 Best Tax Information Reporting Firm (U.S.), recognizing the organization for its success in helping finance leaders around the...

Press Release: New Report Shows U.S. Businesses Spent More Than $4 Billion in Labor Costs on Affordable Care Act Compliance in 2016

December 5, 2016, 9:00 am EDT in News, Press Releases

Research from Aberdeen Group and Sovos Compliance shows significant business challenges exist as a result of accuracy problems and continuous regulatory changes. December 5, 2016, Wilmington, Massachusetts — As the U.S. government considers changes to the Affordable Care Act, a new report from the Aberdeen Group shows U.S. businesses spent in...

New DC PaintCare Fees Complicate U.S. Paint Stewardship Compliance

December 2, 2016, 8:00 am EDT in Blog, In the News

Effective November 1, 2016, the District of Columbia (DC) is imposing a paint recovery fee (also known as a PaintCare fee) on qualifying architectural paint products. This new PaintCare fee will make compliance slightly more difficult for paint retailers accustomed to the current size-based product fee structure. History PaintCare fees are nothing...

Sovos Compliance Wins Tekne Award for Innovation

November 21, 2016, 9:00 am EDT in News

November 21, 2016, Minnetonka, Minnesota — The Minnesota High Tech Association (MHTA) announced this week that Sovos Compliance is this year’s Tekne Award winner for innovation in the Established Software Companies category. The award recognized the Minnetonka-based company, which safeguards businesses from the burden and risk of tax and compliance,...