Sovos Tax Information Reporting

Automated multi-form tax withholding and information reporting with e-filing and direct-to-state compliance.

by sovos · Tax Reporting

Executive Summary

Sovos Tax Information Reporting provides automated solutions for complex tax withholding and information reporting, covering forms like 1099, 1042-S, and W-2. It streamlines compliance through e-filing and direct-to-state reporting, helping businesses navigate global tax and regulatory environments. Sovos is a global leader in this space, handling more 1099s than any other company worldwide. The platform significantly reduces manual effort, with clients experiencing up to a 90% reduction in manual work related to tax information reporting, withholding management, and tax identity management. This efficiency empowers organizations to ensure accuracy and meet compliance obligations effectively. Sovos has expanded its offerings through strategic acquisitions like 1099 Pro, catering to a broad range of businesses from SMBs to Fortune 500 companies.

Use Cases

  • Automating the preparation and e-filing of various tax forms (1099, 1042-S, W-2) to ensure timely and accurate submission.
  • Managing tax withholding obligations for different transaction types and jurisdictions.
  • Ensuring direct-to-state compliance for information reporting requirements.
  • Reducing manual effort and errors in tax identity management and reporting processes.
  • Integrating tax reporting with existing ERP and financial systems like SAP, NetSuite, and Microsoft Dynamics.

Technical Specifications

Deployment
SaaS
Authentication
OpenID Connect (OIDC)
API Available
Yes

Integrations

  • SAP
  • NetSuite
  • Microsoft Dynamics
  • Magento

Pricing

Model
Subscription-based
Starting Price
Contact sales
Target Customer
SMB,Mid-Market,Enterprise
Free Trial
No

About sovos

Sovos provides tax compliance and regulatory reporting solutions delivered via cloud-based software to help organizations manage VAT, sales and use tax, e-invoicing, and other regulatory obligations. They serve large enterprises and partner with governments and financial institutions to automate tax determination, reporting, and compliance processes.

Founded: 1979 · Headquarters: Wilmington, MA, United States · Employees: 1,001-5,000 · Private

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