Customs Recordkeeping Made Easy

Posted on November 11, 2012. Category: Trade Publications

Having trouble locating a specific customs record?  Do you have to look through filing cabinets for old documents or travel offsite and rummage though boxes and files to find a customs entry?  U.S. Customs requires that importers retain their records for a period of 5 years.  This can be a daunting task.   An importer may be subject to customs penalties if a document can’t be produced.   Additionally if an importer asks their broker(s) to send them copies they may find a hefty charge associated with this request.  Allyn International’s... Read More

Paperless Customs Clearance had been launched in August in China

Posted on September 12, 2012. Category: Logistics Publications

The paperless Customs clearance had been launched by the twelve customhouses of China at the beginning of this August. All paper documents now have to be turned into electronic ones. There is no any paper document during the whole declaration process now. It has highly improved the Customs clearance efficiency and reduced the expenses.   According to the previous standard official process, In order to apply to the Customs on site, all the Business Enterprises have to print out the Customs declaration form, contract, invoice, packing list, bill of lading and supervision documents and so on. In this way, there... Read More

Ask Your Logistics Experts… Is It Possible to Expedite Customs Clearance of Cargo Arriving by Ocean

Posted on June 15, 2012. Category: Logistics Publications

Q: Is It Possible to Expedite Customs Clearance of Cargo Arriving by Ocean to the U.S.?A: Many first-time ocean-transport customers wonder if they will need to wait days for their cargo to clear customs before being allowed to collect it. Luckily, the answer is ‘no’! In fact, you don’t even need to wait for your cargo to arrive in the U.S. Port of Entry before submitting your documents for clearance.  It is possible to have your cargo “pre-cleared” so when the ship discharges your container(s) from the vessel,... Read More

Ask Your Logistics Experts… What Is a Letter of Credit?

Posted on June 15, 2012. Category: Logistics Publications

Q: What Is a Letter of Credit? A: A letter of credit is an agreement between two parties—a buyer and a seller— that is issued by a bank acting as an uninterested party. The seller will only get paid after performing specific actions that the buyer and the seller agree to.Example: A seller must deliver goods to a specific airport to satisfy the requirements of the letter. Once the goods are delivered, the seller must provide documents proving delivery was made. The credit can now be paid by the buyer.A letter... Read More

Ask Your Logistics Experts… How Should I Ship My Material?

Posted on June 13, 2012. Category: Logistics Publications

Q: How Should I Ship My Material?A: There are many factors that come into play when choosing the right mode of transport for your freight:     Where is the freight picking up from and delivering to?       How much does the shipment weigh?       What are the freight’s dimensions?       Is the freight hazardous?       When will the shipment be ready and when is it needed by the receiver? By Land: If the cargo weighs more than 15,000 pounds and is shipping within... Read More

Virginia – When is Idle Equipment Idle?

Posted on June 13, 2012. Category: Tax Publications

If you are a business in Virginia with idle (not in use) machinery and equipment, you may be eligible for a business tangible property tax exemption on such equipment.  Knowing the process for declaring idle equipment will save you time and money but only if you plan ahead. Virginia Code § 58.1-3507 A provides that: Machinery and tools, except idle machinery and tools…used in a manufacturing…business shall be listed and are hereby segregated as a class of tangible personal property separate from all other classes of property and shall be subject to local taxation only. ... Read More

The ‘Informal’!

Posted on June 13, 2012. Category: Logistics Publications

The more relaxed local business event not to forget: The’ Informal’.It’s clear that the companies of a same local economic area know them a little or sometimes absolutely not. However, they work next to each other. So since May 2010, the Economics Development Agency of Belfort and its territory has implemented the ‘Informal’.This is like an informal meeting between managers and sales representative of these companies. The ‘Informal’ occurs every quarter in a company of the Belfort area which wants to participate to that event. There is no special theme;... Read More

Pennsylvania Remote Sellers – Got Nexus?

Posted on March 13, 2012. Category: Tax Publications

The Pennsylvania (PA) Department of Revenue (DOR) is reminding retailers who have nexus (i.e. presence, connection) with the Commonwealth to collect PA sales tax, including sales made via the internet, catalog, and telephone.  PA has long imposed a sales tax on each sale of tangible personal property (TPP) made within the Commonwealth.   The Tax Reform Code of 1971 contains provisions requiring vendors that are maintaining a place of business within the Commonwealth to collect sales tax on each retail sale.  Who Is Responsible? The PA vendor is required to collect sales tax from the purchaser and remit... Read More

California Local Sales & Use Tax Rates Change

Posted on March 13, 2012. Category: Tax Publications

State Board of Equalization announced local sales and use tax rate increasesThe California State Board of Equalization has announced increases to a number of local sales and use tax rates effective October 1, 2012.Of the eight counties listed, all experienced an increase in rates.  Rate changes ranged from 0.25% to 1% compared to the old rates.   California SBE Special Tax Notice Number L-321, dated 9/1/2012, details the jurisdictions and their new rates.  Additionally, Solano County extended its present tax rate through September 30, 2030.  Stanislaus County extended it current tax rate through June 30, 2018.What are the Rates?  Area     ... Read More

Top 4 Business Cost Saving Strategies

Posted on March 13, 2012. Category: Logistics Publications

One of the most important goals for every business is to be profitable. Businesses not only need to grow in sales revenue, but also control or cut costs in order to reach their financial objective. Cost saving strategies will help businesses evaluate current expenditures and find ways to cut costs. When businesses incorporate cost saving strategies, they can gain a competitive cost advantage in the market and even generate more growth opportunities. Below are the four most effective and commonly used cost saving strategies.Prepare a Budget Budgeting is the first step in financial planning. It will help you figure... Read More

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