Lovat Newsletter – February 2024
The invoice feature is now available
We are excited to announce that we have added a new function to our Lovat software: invoice generation. This means that you can now easily create and send invoices to your clients, with the correct tax rates and calculations applied.
US marketplaces reporting obligations for form 1120
March 15, 2024 – if the corporation has premises in the US);
April 15, 2024 – if the corporation doesn’t has premises.
If you require Lovat assistance with the form submission please feel free to reach out so we can provide you with the quote and information needed for submission firstname.lastname@example.org Find out how Lovat can help you with your EIN and sales tax needs.
DAC7 reporting deadlines postponed
Some countries have announced extensions for the first reporting deadline, which was originally set for 31 January 2024.
April 1 – Germany.
February 19 – Luxembourg.
DAC7 Return Filing with Lovat https://youtu.be/sPX6B1o5AoM
Form 1099-K: Marketplace reporting obligations – USA
Are you a marketplace that facilitates sales of goods or services in the US? Understand Form 1099-K reporting for your online platform, payment app, or payment processor. Learn more
Who must register and report for DAC7 in the UK?
Understand who needs to register, deadlines, and excluded categories for online platforms facilitating sales in the UK under DAC7 regulations. Read more
We are here to support your compliance journey. If you have questions or need assistance, feel free to reach out to our dedicated team. Contact us