Intuit has rolled out new tax platform offerings for personal and small business filers. The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season. “Receiving a tax refund is a pivotal...
Sovos says it saw “record-breaking” tax processing performance on Black Friday/Cyber Monday sales. The compliance company announced Thursday (Dec. 5) that it had processed taxes on close to 300 million items just on those two days, out of the more than 16 billion it processes each year. According...
Intuit and H&R Block saw their stocks drop 5% and 8%, respectively, on Tuesday (Nov. 19) after a media report that the incoming Trump administration is considering a free tax-filing app. The Washington Post reported in a paywalled article that Donald Trump’s Department of Government...
Tax information reporting can be a challenge for small and medium-sized businesses (SMB). For example, there are 21 different types of IRS 1099 forms, there can be hundreds to thousands of information return forms to file each year, and it can be difficult to track...
Tax compliance company Sovos has unveiled its indirect tax suit for SAP. The new offering, announced Tuesday (Oct. 1), is a “first of its kind” solution for indirect tax determination, electronic invoicing, filing and reporting that works in any SAP environment. “With our deep expertise in tax compliance and...
As Ben Franklin once said, nothing in life is certain except for death and taxes. And add to that a new pressing issue for businesses: the increasing prevalence of tax scams, particularly those involving fraudulent claims for tax credits. As a recent alert issued by...
Governments globally are wrestling with the challenge of taxing the digital economy, with digital advertising emerging as a key target. As traditional revenue sources from physical businesses face decline, digital platforms like Google and Facebook — dominating the advertising market — are drawing scrutiny from...
April has come and gone but a slew of IRS notices loom this fall as companies may be on the hook for erroneously filed returns, or incorrect information tied to details as simple as names and addresses. Wendy Walker, VP, Regulatory Affairs at Sovos, told...
Arvo Tech has raised $2.5 million in a Series A funding round to deliver its tax strategy solution to more small and medium-sized businesses (SMBs)., The company will use the new funding to expand its strategic partner program, continue to develop its tax credit platform...