Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and its complexity, there are 19,000 taxing jurisdictions making thousands of changes, which has a ripple...
Tax compliance solution providers TaxBit and Taina Technology have teamed up to help digital marketplaces with their onboarding and reporting needs related to gig workers. Designed for users in the United States and other countries, the new solution offered by this partnership is designed to...
Tax season might be over. But then again, there’s always next year. As Wendy Walker, solution principal at Sovos, told PYMNTS, the complexities of tax reporting will still demand that organizations of all sizes gear up for changes in the tax code and rigorous reporting...
Digital transformation is becoming as inevitable as the reality of paying taxes. And as many companies discovered during the recent tax season, even the IRS is going digital. As Wendy Walker, solution principal at Sovos, told PYMNTS, the Internal Revenue Service’s ongoing digitization efforts pose...
Sovos has launched a solution designed to modernize how companies meet global indirect tax obligations. The new Indirect Tax Suite is part of the Sovos Compliance Cloud and helps enterprises manage all their indirect tax obligations with governments, buyers, suppliers and consumers, the provider of compliance solutions said...
Canada’s Parliament is considering a tax on digital services revenue that would impact the world’s biggest tech companies. The legislation would cover companies’ digital services revenue made from Canadian users, imposing a 3% tax on the revenue above 20 million Canadian dollars (about $14.5 million),...
Tax software firm Sovos has debuted an enhanced version of its Connector Marketplace. The launch, announced Wednesday (April 10), makes it easier for customers and partners to connect to Sovos’ Compliance Cloud. These connectors help companies implement Sovos’ tax compliance and regulatory reporting solutions into their enterprise financial systems,...
Steve Sprague, chief strategy and product officer at Sovos, told PYMNTS in a recent interview that tax compliance is changing — from an intermittent activity to a continuous one. In the past, corporate back offices were satisfied with legacy accounting systems and may have assumed...
Chime has expanded the availability of free access to its in-app tax filing pilot program. Following a successful pilot launch, the new tax feature is now available to millions more eligible Chime members, the banking app said in a Thursday (March 14) press release. “Offering...