Allyn Publications

IOT - Transforming the Logistics Industry

Posted on July 03, 2019. Category: Logistics Publications

In today’s fast-paced economy, the revolutionization of technology is a vital component of the logistics industry. The Internet of Things (IOT) is a device that allows for collaboration with other devices via the internet to transfer data without the need for human-to-human interaction. IOT aids in the ability to connect all individuals involved in the shipment process to the end consumer. The implementation of IOT can offer full-spectrum visibility to supply chain operations that may need improvements. IOT also unites informational and operational technology to reduce operating costs perform predictive maintenance to reduce inconsistencies within the infrastructure. IOT... Read More

Section 301 News: List 4 Suspended

Posted on July 01, 2019. Category: Trade Publications

President Trump announced on June 29 that he will hold off on imposing additional tariffs on goods from China. As a result, for the time being, the items on list 4 will not face any additional customs duties.As the U.S. and China continue to work towards a permanent solution, this could be the start to a downturn in trade hostilities between the two. With list 4 representing approximately $300 billion in import value, U.S. importers and U.S. consumers should see a considerable benefit to the suspension of these additional duties.In other section 301 news, as of June 30th companies who... Read More

Take Back What's Yours

Posted on June 20, 2019. Category: Tax Publications

Performing a reverse tax audit can be a rewarding way for companies to identify and recover overpaid sales and use taxes. The word “audit” may be received with negative feelings within some companies and perhaps reflected upon with frustration and avoidance. Nobody likes the idea of having to pay more taxes or having to endure the details of an audit. However, performing a reverse tax audit may be an opportunity for you to get paid for being compliant.What is a reverse tax audit?A reverse (tax) audit, sometimes called an “overpayment review,” is an optional... Read More

Snack Time or Tax Time?

Posted on June 19, 2019. Category: Tax Publications

Most states do not impose sales tax on the purchase of grocery items. However, items that are considered sold for on-premises or for immediate consumption are generally taxable items. The following chart depicts a list of states that charge tax on grocery purchases: Alabama, Arkansas, Hawaii, Idaho, Illinois, Kansas, Maryland, Maine, Missouri, Mississippi, Oklahoma, Pennsylvania, South Dakota, Tennessee, Utah, and Virginia.One might assume that all vending machine purchases are taxable since they are meant for immediate consumption, however, vending machine transactions are tax exempt in some states. Interestingly, Maine does not charge tax on vending machine purchases even though... Read More

What's Next for LTL?

Posted on June 16, 2019. Category: Logistics Publications

There are pros and cons when using LTL as a shipping mode. Perhaps the simplest way to look at it is from a time vs. money perspective. Shipping via LTL is much cheaper than the full-truckload (FTL) alternative, but you sacrifice visibility and timeliness. Several indicators show that LTL is trending up in a big way in 2019.The first contributing factor to LTL’s predicted success in 2019 is the growth of E-Commerce. As we all know, more and more people are doing their shopping online instead of in person. This means that an increased amount of pressure will... Read More

What the IMO 2020 Entails

Posted on June 15, 2019. Category: Logistics Publications

The shipping industry has 11 months until the International Maritime Organization's Sulfur Regulations, commonly referred to as IMO 2020, takes effect.  The shipping industry is one of the greatest contributors to pollution and carbon emissions on the planet. IMO 2020 will limit the sulfur content of ships’ oil and have far-reaching consequences throughout the environment and global economy. Starting Jan. 1, 2020, all carrier’s globally will have to reduce emissions from vessels with the use of bunker fuel with a sulfur content of 0.5%, compared with 3.5% sulfur in the high-sulfur fuel. Shipper’s will not need to make... Read More

The Need for Cargo Insurance

Posted on June 14, 2019. Category: Logistics Publications

Carriers do not guarantee the safe delivery of cargo. There is always the possibility that cargo will be damaged during the transportation process.  To make things worse, the carrier may not be responsible for the cargo loss or damage by the terms of the contract or as a matter of law. Ocean carriers in particular, are very well protected under the maritime law.  If your cargo is lost or damaged during sea transport – there is certainly no guarantee that the ocean carrier will be responsible. The bottom line is that cargo insurance is necessary to... Read More

Self-Driving Truck Company, TuSimple to Haul Mail for USPS

Posted on June 14, 2019. Category: Logistics Publications

Self-driving truck company TuSimple has been awarded a contract from the U.S. Postal Service to preform five round trips between their Phoenix, AZ and Dallas, TX distribution centers. This contract is supposed to take place over a two-week pilot program. The first run began on May 21, 2019 and is a journey of 1,000+ miles both ways. During the runs, TuSimple’s trucks will have a backup driver and a safety engineer on board to monitor the vehicles as they drive on the highway.TuSimple’s founder, president and chief of technology officer, Xiaodi Hou, announced, “Preforming for the... Read More

100% Entry Audit

Posted on June 14, 2019. Category: Trade Publications

Allyn’s proprietary GTM software (CIMS™) offers industry leading solutions that facilitate maximized compliance and efficiency. One key solution is the Entry Audit Module, which offers an electronic comprehensive audit of all customs entries.100% entry audit offers a way to increase compliance rates and greatly reduce risk. This industry best practice ensures the correct entry of all imports and promotes increased visibility and access to entry data and documents. The available documents and data improve operational capabilities and allow for trade data analysis on a strategic level.Additionally, scorecards and dashboards are available for measuring broker and importer... Read More

Tax the Taxpayers

Posted on June 12, 2019. Category: Tax Publications

Creating and submitting tax returns could be provided as an externally sourced service to your company by local firms, accountants and CPA’s, or other US tax service providers or professionals.Early this year, Utah’s Legislature proposed a levy on sales tax on multiple services, including accounting services. Imagine: you are a tax professional completing a tax return, and the services you are providing are taxable services. It’s kind of ironic that as a business, you need to charge your clients sales tax. Multiple CPA firms in Utah were very upset with this policy. Lawmakers... Read More

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