Allyn Publications

Tax Cuts and Jobs Act: Impact on Taxpayers

Posted on January 15, 2018. Category: Tax Publications

The most sweeping tax reform proposal in over 30 years was signed into law on December 22, 2017, by President Donald Trump after the House and Senate passed the bill. The Tax Cuts and Jobs Act (the Act) became a reality for US taxpayers beginning with tax years after December 31, 2017. The extensive tax reform of Public Law 115-97 drastically changes the tax arena for individual taxpayers and businesses. Many of the provisions affecting individual taxpayers are only applicable to tax years 2018 through 2025, while corporate provisions of the Act are indefinite and not limited to these years. We will focus on a select... Read More

Transportation and Exportation or Immediate Transportation... What's The Difference?

Posted on January 10, 2018. Category: Trade Publications

There are many mechanisms that can be utilized to benefit a supply chain and shipping costs. Two options are Transportation and Exportation Bonds (T&E) and Immediate Transportation Bonds (IT). However, it is important to know the difference between the two bonds because there can often be confusion about which bond should be used, creating a problem for most carries. For example, a carrier might decide to use a T&E bond when they should have used an IT bond. This can lead to missed opportunities and higher expenses incurred throughout the transportation process.A T&E... Read More

Air Freight Capacity Issues

Posted on December 21, 2017. Category: Logistics Publications

Peak season used to traditionally take place in August and September as shippers were rushing to get freight delivered for the upcoming holiday season, via ocean. However, the current marketplace, influenced by consumer’s reliance on e-commerce, has shifted away from ocean toward air cargo. As a result, we are not only seeing a bigger peak season for air cargo than ocean, but we are seeing higher volumes for air shipments year around.One region hit particularly hard this peak season has been Europe, where volume has caused air carriers to max their capacity and driving up spot rates... Read More

Supply Chain Trends to Watch in 2018

Posted on December 21, 2017. Category: Logistics Publications

There are several key supply chain trends to watch in 2018 - Omnichannel Revenue ManagementThe retail supply chain has been going through a massive transformation. Traditional brick and mortar retailers seek to leverage their stores to better compete against Amazon and other e-commerce retailers. ARC’s Chris Cunnane does an annual survey omnichannel retail in conjunction with DC Velocity.  The main reason retailers invest in expensive omnichannel initiatives is to increase sales, increase market share, and improve customer loyalty.  Meanwhile, most retailers have trouble understanding just what their profitability is surrounding different omnichannel order flow paths.... Read More

A Great Alternative for Super Loads

Posted on December 19, 2017. Category: Logistics Publications

When transporting oversized machinery across the United States and Canada — the Great Lakes offer a tempting alternative to rail and truck. The Great Lakes are connected by a series of channels and canals leading ocean vessels and barges inland as far west as Duluth, Minnesota. As manufacturers continue building larger and more powerful equipment, transporters are challenged to find safe, cost-effective routes for these super loads. Rail and truck are reliable means but can be hindered by dimensional and weight restrictions as well as local DOT permitting and escort concerns. The open waters of the Great Lakes allow flexibility... Read More

What can be done to save the Ocean Shipping Industry?

Posted on December 18, 2017. Category: Logistics Publications

Post-2010 through 2012 ocean freight rates were at an all-time high (Petersen, 2016). However, now there have been massive drops in ocean freight prices to historical lows, and the predictions are not good for the end of 2017 going into 2018. In fact, many experts believe that this trend will be very difficult to reverse barring a worldwide economic miracle related to logistics (Glave, Joerss, & Saxon, 2017). The fact is that, while these rates have been excellent for customers, they have caused many freight lines to operate at a loss (Glave et al, 2017; Petersen, 2016). These companies continuing to operate at a loss will eventually... Read More

Developing A Competitive Advantage in International Logistics Communication

Posted on December 14, 2017. Category: Logistics Publications

In the world we live in today, millions of emails, faxes, and documents are exchanged back and forth each day. In industries such as logistics, people are communicating constantly, whether it be in person, video conferencing or international calls. With ongoing global communication, these people face different challenges due to differences in language, culture, and religion.International communication presents some challenges when it comes to logistics. One of the greatest challenges is effective communication. Different languages and cultures can be a barrier to doing business with people globally. International logistics professionals primarily communicate by e-mail; therefore, it is important to... Read More

Connecticut Tax Amnesty Program Offers a ‘Fresh Start’

Posted on December 14, 2017. Category: Tax Publications

As of October 31, 2017, Connecticut is now offering an incentive program for both individual and business taxpayers to voluntarily come forward and pay their unreported tax liabilities. Individuals and businesses may be eligible if returns were not filed, or if the returns failed to report the full amount of tax on a previously filed return for any tax return due on or before December 31, 2016.When:The Connecticut Fresh Start program began October 31, 2017, and taxpayers have until November 30, 2018, to apply through the online application. Taxpayers should apply as soon as possible because the sooner taxpayers apply, the more interest can be saved. ... Read More

Utilizing ACH to Mitigate Error and Streamline Payments to CBP

Posted on December 14, 2017. Category: Trade Publications

An automated clearing house (ACH) is a funds-transfer system that is operated by the National Automated Clearing House Association (NACHA). This system deals with a plethora of different payment services such as direct deposits, refunds, and bank withdrawals. The NACHA uses this system to improve the efficiency of business operations. “CBP uses ACH to allow participants to pay fees, taxes, and receive refunds electronically. ACH automates the payments and makes deposits in a fast and paperless manner to increase efficiency and to eliminate the risk associated with check processing. “[1] CBP offers three ACH options: ACH... Read More

Do You Know What’s in Your Shipment? Adding Items Adds Unforeseen Consequences: 19 CFR 141.89

Posted on December 13, 2017. Category: Trade Publications

Imagine sending a shipment of multiple products only have it returned to your doorstep, causing processing delays and a dissatisfied customer. By adding a simple cotton sample or complimentary T-shirt to your shipment without providing the required information outlined in several obscure areas, this friendly gesture has turned into a customs nightmare.Under U.S. 19 Code of Federal Regulations 141.89, many everyday items require unexpectedly thorough vetting. These include ball bearings, beads, bed linens, color dyes, copper, cotton fabrics, yarn, footwear and more. The importation of each component is contingent upon fulfilling specific CBP requirements, ranging from certificates of origin, detailed... Read More

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