Sovos Annual Tax Compliance Trends Report
Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.
December 20, 2024
Knowledge Center
Get the latest insights on tax compliance and government reporting.
Featured content
A Guide to Navigating 1099-DA Compliance
The IRS’s final regulations on digital asset reporting mark a turning point in how crypto brokers, digital asset platforms and taxpayers report transactions. With authorities expecting to process over 8 billion 1099-DA forms annually, organizations must ensure they have a structured and scalable tax compliance strategy in place.
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Real-time Knowledge Center
The latest insights on tax compliance and government reporting from around the world.
Tax Compliance
Mirror Visibility in Accounts Payable: Why Government Data Must Match Your ERP
with Emily Nash-Walker, Senior Director, Product Strategy, Tungsten In our last post, we established why Compliant AP matters: compliance risk now lives in AP, not just in tax departments. Today, let’s talk
April 2, 2026
Sales & Use Tax
Are AI Services Causing States to Re-think How They Apply Sales Tax?
The answer appears simple – subscription AI chatbot services either fall within a state’s existing sales tax structure for Software as a Service (SaaS), or they don’t. However, as with digital goods and streaming services in the past, attempts by a few states to fit new technologies into an existing legal framework can be
April 2, 2026
SD HB 1245 Allows Mechanism for Locals to Impose a Sales Tax for Capital Improvements
SD HB 1245, effective July 1, 2026, allows municipalities to impose a temporary sales tax not exceeding 1% to assist with funding capital improvement projects.
April 3, 2026
SD Exempts Sales of Soil Amendments from Sales Tax if Used in Agriculture
Effective July 1, 2026, SD HB 1254, allows a sales tax exemption for soil amendments if used in agriculture and 500 pounds or more are
April 3, 2026
SD Allows Counties to Impose 0.5% Sales Tax If Approved By Voters
Effective July 1, 2026, SD SB 96, allows counties to enact a 0.5% sales tax pending approval by voters. If approved, the county sales tax
April 3, 2026
ShipCompliant
DtC Beer Shipping in 2026: Trends, Demand and Market Outlook
The story of direct-to-consumer beer shipping in 2026 reveals a familiar but contradictory reality: consumer demand and spending intent remain strong, yet regulatory progress continues to lag behind.
ShipCompliant
High-Priced Wines Garner Bigger Slice of DtC Shipments
By Andrew Adams, Editor, WineBusiness Analytics The pandemic surge in DtC wine shipments temporarily obscured a structural change that is now hard to ignore. The story is told
Tax Information Reporting
Compliant AP: Why You Can’t Separate Accounts Payable from Compliance Anymore
with Emily Nash-Walker, Senior Director, Product Strategy, Tungsten For a long time, we treated Accounts Payable as an efficiency problem. Faster invoice processing. Lower cost