Sovos

Sovos

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Indirect tax and e-invoicing insights on compliance regimes worldwide, nexus, and reporting obligations.

Five Critical Tax Reporting Realities Every Financial Institution Must Face
NewsApr 24, 2026

Five Critical Tax Reporting Realities Every Financial Institution Must Face

The IRS is retiring the FIRE system and launching the Information Returns Intake System (IRIS), forcing banks to overhaul tax reporting. A joint Sovos‑TCS BaNCS webinar highlighted five critical realities: fragmented data across dozens of platforms, false assumptions about state...

By Sovos
North Dakota Sales Tax Guide
NewsApr 10, 2026

North Dakota Sales Tax Guide

North Dakota levies a 5% statewide sales and use tax, with additional local rates that vary by city and county. The tax applies to tangible personal property and certain services, while most services, home‑consumption food, and specific digital goods are...

By Sovos
Direct-to-Consumer Wine Shipping in 2026: Market Trends, Decline Drivers, and Regulatory Outlook
NewsApr 9, 2026

Direct-to-Consumer Wine Shipping in 2026: Market Trends, Decline Drivers, and Regulatory Outlook

Direct‑to‑consumer (DtC) wine shipping, which surged past $4 billion in sales by 2020, has slipped back to 2018‑level volumes and value by 2025. The decline is driven by broader economic anxiety, a health‑focused shift away from alcohol, and a sharp drop...

By Sovos
Mirror Visibility in Accounts Payable: Why Government Data Must Match Your ERP
NewsApr 2, 2026

Mirror Visibility in Accounts Payable: Why Government Data Must Match Your ERP

Compliance risk now resides in accounts payable, making mirror visibility essential. Mirror visibility ensures an organization’s ERP records align exactly with what tax authorities receive in real time, automatically flagging discrepancies. Without this capability, mismatches trigger payment holds, audit escalations,...

By Sovos
Montana Sales Tax Guide
NewsApr 2, 2026

Montana Sales Tax Guide

Montana does not levy a general statewide sales tax, but it imposes a 4% tax on specific categories such as accommodations, campgrounds, and rental vehicles. The state prohibits local jurisdictions from adding additional sales taxes, which simplifies rate calculations for...

By Sovos