About Sovos Sales Tax Filing
A comprehensive digital platform that streamlines and automates the process of preparing and submitting sales tax returns across multiple jurisdictions.
For businesses operating in multiple states, counties, and municipalities, sales tax filing has traditionally been time-consuming, error-prone, and resource-intensive due the various filing schedules, forms, and requirements unique to the different jurisdictions. When filing deadlines overlap or requirements change, the burden on financial teams often results in compliance challenges or the need to expand staff.
Sovos Sales Tax Filing eliminates manual form completion, reduces calculation errors, and accelerates filing timelines. Customers can prepare, review, and submit all their sales tax returns through a single interface, with jurisdiction-specific forms automatically populated based on transaction data. Real-time validation checks and historical reporting provide confidence in compliance status while minimizing audit risk.
This streamlined, digital process reduces filing time by up to 80% compared to manual methods, allowing your accounting team to focus on higher-value activities.
Why use Sovos Sales Tax Filing?
- Regulatory compliance
- Ensures returns meet each jurisdiction's specific requirements with built-in rule updates as tax laws change.
- Time efficiency
- Reduces the administrative burden of managing multiple tax filings simultaneously.
- Error reduction
- Built-in validation checks minimize calculation errors that could trigger audits or penalties.
- Cost control
- Enables businesses to handle increasing tax filing volumes without proportional staff expansion.
- Risk mitigation
- Decreases exposure to penalties and interest from late or incorrect filings.
How Sovos Sales Tax Filing works
The Sovos Sales Tax Filing platform workflow converts a traditionally complex process into a streamlined digital experience.
- Data import
- Connect your financial systems or upload transaction data through flexible options such as connectors for popular accounting software, or standardized file imports. Data flows seamlessly from other Sovos products, particularly Sovos Global Tax Determination, ensuring consistency across your tax compliance ecosystem.
- Automated preparation
- The system automatically organizes transaction data by jurisdiction, applies the correct tax rates, and prepares jurisdiction-specific return forms.
- Project management and workflow
- Sovos Sales Tax Filing enables teams to prepare and file tax returns efficiently by assigning tasks to individuals for preparation, review, and filing. These tasks and their deadlines can be customized to each company's workflow, ensuring proper oversight and timely completion of all filing obligations.
- Submit returns
- Submit completed returns electronically to the appropriate tax authorities, with comprehensive records of all submissions for audit and compliance purposes. The system generates confirmation of successful filings for your records.
- Documentation and reporting
- Access a complete audit trail with filing confirmations, submission records, and comprehensive reports for historical analysis.
- Easy corrections
- If adjustments are needed, you can amend and regenerate returns without starting from scratch.
Key features
- Multi-jurisdiction support
- Complete coverage across U.S. states, counties, and municipalities.
- Centralized dashboard
- A single interface to manage all tax filings across jurisdictions.
- Automated form population
- Automatically creates properly formatted returns for each tax authority
- Real-time validation
- Identifies potential errors and inconsistencies before submission.
- Electronic filing
- Direct submission to tax authorities.
- Audit documentation
- Secure archive of all submitted returns and supporting documentation.
- Calendar management
- Automated alerts for upcoming filing deadlines.
- Historical reporting
- Comprehensive analytics on tax obligations, payments, and compliance status.