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Sovos Compliance

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  • AEOI Benchmark Survey Review AEOI Benchmark Survey Review Scott Freedman, Director of Product Strategy Recorded: Oct 26 2016 35 mins
    Now that financial institutions are a few years into AEOI reporting, we are starting to get a better picture of effective approaches, challenges and concerns surrounding the eve of CRS requirements. To this end, Sovos Compliance will present a third-party benchmark study that surveyed 100 financial institutions to gain insight into costs, concerns, challenges and solutions.
  • AEOI Benchmark Survey Review AEOI Benchmark Survey Review Scott Freedman, Director of Product Strategy Recorded: Oct 26 2016 30 mins
    Now that financial institutions are a few years into AEOI reporting, we are starting to get a better picture of effective approaches, challenges and concerns surrounding the eve of CRS requirements. To this end, Sovos Compliance will present a third-party benchmark study that surveyed 100 financial institutions to gain insight into costs, concerns, challenges and solutions.
  • How to save your business $1,000,000 by ensuring vendor invoice accuracy How to save your business $1,000,000 by ensuring vendor invoice accuracy Antonio Di Benedetto, Greg Belanger, Matthew Floyd Recorded: Oct 4 2016 57 mins
    How confident are you that your vendors are charging you the correct sales tax on their invoices? Every year organizations of all sizes are incorrectly charged thousands and in some cases millions of dollars in sales tax by suppliers. It is safe to say that these hidden costs could have a large impact on your business and if you don’t have the right tools and processes in place to validate these charges – you may be blindly paying way too much.

    Join Sovos for a one hour presentation during which Greg Belanger, Antonio Di Benedetto and Matt Floyd will walk attendees through real-life scenarios of a number of large manufacturers who each saved over $1 million per year by validating the sales tax on their vendor invoices. This insightful webinar will cover:

    • Several real life examples of how these organizations were being overcharged and the most common mistakes their suppliers made
    • The improvements and best practices implemented to correct the situation
    • The results achieved
    • How Implementing sales tax best practices into the AP process is part of a holistic end to end approach that can help your organization grow with confidence

    Register today!
  • ACA Compliance: Staying Ahead of IRS Penalties ACA Compliance: Staying Ahead of IRS Penalties Jeff Cronin, Sovos VP of Product Recorded: Sep 22 2016 33 mins
    Join Jeff Cronin, Sovos VP of Product, for an informative webinar to keep you in-the-know about penalties related to ACA reporting.

    What you will learn:
    - What you need to know about the “Best Faith Effort” for 2015 ACA filings and potential penalties.
    - Understanding the IRS cycle and communications related to errors and penalties
    - Who will be (and should be) involved in managing the corrections and penalty abatement processes.
    - Best practices for minimizing corrections and future penalties.

    Who should attend:
    This webinar is designed for Human Resources, Benefits, Tax and Compliance Professionals who have reporting responsibilities under the Affordable Care Act.

    If you expect that you will be involved in managing the corrections or penalty abatement process related to 2015 ACA filings, this event is for you.
  • ACA Season Review: 2015 Recap, What to Expect in 2016 ACA Season Review: 2015 Recap, What to Expect in 2016 Jeff Cronin, Sovos VP of Product Recorded: Aug 23 2016 62 mins
    We just finished the first year of ACA reporting 45 days ago and it’s already time to talk about next year. Join Jeff Cronin, Sovos VP of Product, on August 23 for an interactive webinar to go over what we learned in the first year of ACA filing and how we can leverage that information for next year.

    We will cover:
    -Key learnings from the first year of ACA reporting and transmittal to the IRS
    -Timeline changes from last year (how the IRS took away 6 months of time to comply)
    -An update on key penalty changes for 2016 reporting
    -How to avoid potential landmines in the 2016 tax year
    -What you can do to be proactive in resolving issues
    -Considerations for the 2016 reporting process and compliance
    -Questions to ask your potential suppliers of ACA reporting

    Who should attend? This webinar is targeted to provided valuable insights to Human Resources and Insurance professionals who have reporting responsibilities under the Affordable Care Act. If you expect to file a 1095 form in January 2017, this event is for you. Join us at 9am PT / 11am CT / 12pm ET on August 23 to learn more!
  • Dealing With “B” & “P” Notices and Abatements Dealing With “B” & “P” Notices and Abatements Damon Chapman, Gerry Nelligan & Mitchell Manor Recorded: Aug 10 2016 63 mins
    The tax season is approaching and the IRS is getting ready to send out forms CP2100 and 972CG from the prior years’ information returns that contained incorrect name and taxpayer identification number combinations.

    The landscape of B and P notices is multifaceted, Join our group of experts from Sovos Compliance for a complimentary webinar, as they answer these questions and discuss the B and P notice process, including:

    • Changing Landscape
    • Penalties
    • Penalty Notice (972CG) Process Overview
    • Eliminating notices
    • B & P Notice Best Practices
    • Abatement Best Practices
    • Additional Resources
  • Reverse Audits and Your Organization Reverse Audits and Your Organization Jamie Louwagie, Nicole Kirk Recorded: Jul 26 2016 35 mins
    Does the phrase "reverse audit" sound familiar?

    If you are a business operating in the retail or manufacturing space, you may be familiar with the concept of a reverse audit. These audits are designed to identify and recover tax over-payments remitted to suppliers or filed directly as a self-assessment of use tax. A reverse audit could help your business uncover over-payments and save money going forward.

    Sovos Compliance has partnered with KPMG to bring you a special presentation on reverse audits and how to minimize the risk with a software solution.

    If your company does not already have an AP tax compliance process in place, you are at risk. The experts at KPMG have saved businesses millions by identifying errors in their process. During this 45 minute presentation Jamie Louwagie and Nicole Kirk will share with you:

    -Ideal candidates
    -The process & KPMG's approach
    -Common refund opportunities
    -And more!

    Join us at 1pm EST on July 26th and hear Jamie & Nicole share their experience and provide the insight on the benefits and potential cost-savings an automated AP solution could give your business.
  • PATH Act: Impacts and Next Steps PATH Act: Impacts and Next Steps Gerard Nelligan, Wendy Walker, and Mitchell Manor Recorded: Jun 28 2016 53 mins
    Curious how the PATH Act impacts your organization? Join our webinar to hear more about the PATH Act, including:
    - Compliance update and impacts
    - Extension of time update and impacts
    - Organizational Impacts
    - Schedule of Services Impacts
    This webinar will be presented by a team of experts from Sovos, including: Gerard Nelligan - Tax Counsel, Wendy Walker - Global Account Executive, and Mitchell Manor - 1099 Product Marketing Manager.
  • Last Chance for ACA Reporting Last Chance for ACA Reporting Gerard Nelligan, J.D., Sovos Tax Counsel, and Brady Haggstrom, Sovos Product Marketing Manager - ACA Recorded: Jun 13 2016 62 mins
    Learn about the 1094 transmittal and corrections process moving forward. Organizations must transmit the 1094 electronic file to the IRS by June 30th. This transmittal creates a new set of challenges for organizations with its process and complexities. Once transmitted and filed with the IRS, organizations then must be prepared to handle the complicated corrections process it sets in place—as well as starting to think about next year’s ACA reporting.

    If you’ve decided to build a solution internally or are currently using a third-party vendor for reporting, this program will help you understand what’s occurring throughout the transmittal component of the ACA compliance process. The entire process will be discussed with a focus on the 1094 file transmittal to the IRS. In addition, the program will review:

    • This calendar year’s timeline and tax years going forward
    • The required print, transmittal, and corrections processes
    • The 1094 transmittal file and TCC application process
    • Common and frequently asked questions we’re hearing
    • Resources for both this and next year’s reporting
  • FREE Webinar: Sales and Use Tax: How to Prepare for an Audit FREE Webinar: Sales and Use Tax: How to Prepare for an Audit Antonio Di Benedetto and Gino Orlando, Sovos Compliance tax experts Recorded: May 4 2016 63 mins
    Join our Sovos Compliance tax experts, Antonio Di Benedetto and Gino Orlando, for insight into preparing for an audit. They’ll discuss best practices for audit preparation, some of the risks and pitfalls surrounding the audit process, and strategies for managing the state audit. They will also cover how you may trigger an audit, some of the challenges a taxpayer may face during an audit, and how to overcome those obstacles.

    Earn 1 Continuing Professional Education (CPE) credit: Additionally, we are offering 1 CPE credit for attendance, participation, and completion of the required questions in this webinar.