Taxes news and trends

How Compliance Is Shaping the Future of Cross-Border Payments

May 17, 2024
How Compliance Is Shaping the Future of Cross-Border Payments
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
Taxes // May 04, 2024

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 Adds Indirect Tax Solution for Global Enterprises
Taxes // April 30, 2024

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...

Technology Turns Tax Compliance Into Growth Engine
Opinion // April 23, 2024

Companies have a critical need for technology to help manage their tax obligations, Sovos CEO Kevin Akeroyd writes in the new PYMNTS eBook, “The Implications of Uncertainty.”   During my career, I’ve had the opportunity to manage businesses through a number of difficult and challenging...

Regulations, Innovations and AI Define This Week in Big Tech
Big Tech // April 18, 2024

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but they increasingly represent the cutting edge of both technological innovation as well as the...

Interviews & Exclusives
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  

May 04, 2024
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 challenges — and benefits — for enterprises switching from paper-based […]

Technology Turns Tax Compliance Into Growth Engine

April 23, 2024
Companies have a critical need for technology to help manage their tax obligations, Sovos CEO Kevin Akeroyd writes in the new PYMNTS eBook, “The Implications of Uncertainty.”   During my...

Tax Compliance Process Changes With Electronic Invoicing

March 19, 2024
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...

1042-S Adds Complexity to Tax Season for Banks and Corporates

March 06, 2024
It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the IRS. Wendy Walker, solution principal...

Quick Reads
Sovos Adds Indirect Tax Solution for Global Enterprises

April 30, 2024
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 in a Tuesday (April 30) press release emailed to PYMNTS.  […]

Canada Considering Digital Services Tax Targeting Largest Tech Companies

April 17, 2024
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,...

Sovos Enhances Partner Network Amid Demand for Tax Compliance Services

April 15, 2024
Compliance company Sovos has enhanced its Sovos Partner Network program to make it easier for partners to access new opportunities in technology, revenue and marketing. The program centers on the...

Sovos Enhances Connector Marketplace Amid Tax Compliance Changes

April 10, 2024
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...