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Licensing 101

When you delve into the broad corporate term of “licensing,” you’ll find a myriad of subtitles: Business, dealer, manufacturer, sales tax, delivery, master, privilege, hazmat, merchant, leasing, occupational, etc. The list goes on and on. The necessary data that drives each filing can be as varied. For example, it could be sales, employee count, inventory value, square footage, vehicle count, and in some cases just a flat fee.   

It is not only states that require such filings. Depending on where you are located, you may also have to deal with counties, cities, boroughs, townships, or parishes. To keep things interesting, the due dates will vary from quarterly to biennially, and anything in between.

Since jurisdictions are ALWAYS on the lookout for easy money, they are quick to pounce on any non-compliant taxpayer. A late filing will have penalties and possibly even interest tacked on. If ignored further, a court summons for criminal action can be delivered to an unsuspecting employee. And have you ever had a police officer chain your doors? It is embarrassing and mortifying.

If you think that your compliance efforts are unorganized, or as a whole you feel like you can’t keep up with ever-changing requirements, you’re already fighting an uphill battle. And a general lack of time or resource constraints only add to the problem. But not to worry - that’s where we come in!

How Can We Help? 
Allyn’s tax team is staffed with seasoned tax professionals experienced in all aspects of multi-state and local tax compliance and consulting for large US and global corporations. We use that experience to your advantage. Contact us and we can provide a customized cost-effective solution to meet your company’s needs. For further information on Allyn Tax services, please contact: tax@allynintl.com.


About Allyn

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North America, Europe and Asia and Allyn regional headquarters are strategically located in Fort Myers FL USA, Shanghai P.R., CHINA and Prague, CZECH REPUBLIC. For more information, go to www.allynintl.com.

 

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