Taxes/page/3 news and trends

CFOs Struggle to Manage Complexities of State Tax Filings

June 05, 2024
Platforms, Partners Reduce Corporate Burdens of Tax Filing
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
Investments // May 29, 2024

Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. The round, which valued the company at $40 million, will support its development of automated value-added tax (VAT) solutions for Canada and Europe that will aid customers who...

How Compliance Is Shaping the Future of Cross-Border Payments
Cross-border Payments // May 17, 2024

There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to transform the cross-border space, regulators are increasingly cracking down on businesses in the payment chain to ensure that new technologies...

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...

Interviews & Exclusives
CFOs Struggle to Manage Complexities of State Tax Filings

June 05, 2024
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 requirements that will always be fluid and complex. But one […]

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...

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...

Quick Reads
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform

May 29, 2024
Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. The round, which valued the company at $40 million, will support its development of automated value-added tax (VAT) solutions for Canada and Europe that will aid customers who sell internationally, Kintsugi said in a Wednesday (May 29) press […]

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...

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...