Allyn Publications


When Can Your Business Start Summer Cleaning?

Posted on June 24, 2021. Category: Tax Publications

OverviewMost professionals get to engage in “Spring Cleaning”, however, those going through tax season are not afforded that luxury, they must wait for Summer!Keeping adequate records is of the utmost importance for a business, but how long should a business retain different types of records related to sales tax? As is often the answer in sales tax, it depends. Some types of records should be kept indefinitely, while other types of records should be retained according to the potential liability exposure should the records be deemed inadequate. The type of sales a business is making, as... Read More

EU VAT Changes for 2021

Posted on June 24, 2021. Category: Trade Publications

Starting July 1, 2021, the European Union (EU) is changing its Value-Added Tax (VAT) rules. The prevalent changes will mostly impact online business to customer sales. These changes should simplify the import process for items purchased online.The changes are as follows:Low Value Exemptions:Previously, buyers in the EU were exempt from paying VAT on items with a value below €22. Moving forward, VAT will be required on all purchases. Merchants can decide to collect VAT on orders below €150 to simplify the buying and shipping experience for their customers. If merchants choose not to collect VAT on exports to the... Read More

Coronavirus Update June 22, 2021

Posted on June 22, 2021. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Maintaining operational success is pivotal and planning ahead remains a critical component to avoiding some of the common pitfalls being experienced today. International transport can be challenging but continuing to compare carrier rates for each individual shipment, planning in advance, obtaining confirmation from your carriers and adding buffer transit time will all assist in making the right decision for... Read More

Coronavirus Update June 22, 2021

Posted on June 22, 2021. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Maintaining operational success is pivotal and planning ahead remains a critical component to avoiding some of the common pitfalls being experienced today. International transport can be challenging but continuing to compare carrier rates for each individual shipment, planning in advance, obtaining confirmation from your carriers and adding buffer transit time will all assist in making the right decision for... Read More

China Removes VAT Rebate on Certain Steel Exports

Posted on June 21, 2021. Category: Logistics Publications, Trade Publications

China Removes VAT Rebate on Certain Steel ExportsEffective May 1, 2021, a 13% VAT rebate no longer applies to many steel products upon their exportation from China.146 products are impacted by these new regulations, including but not limited to pig iron, seamless and ERW pipes, wired rods, rebar, alloy, and stainless bards and rods, cold-rolled steel, hot-rolled coils, hot rolled steel, as well as structural and flat products.This change in export policy coincides with reductions on import tariffs for such steel items as billets, pig iron, crude steel, and recycled steel raw materials.The Chinese government appears to feel that decreasing... Read More

Coronavirus Update - June 18 2021

Posted on June 18, 2021. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Maintaining operational success is pivotal and planning ahead remains a critical component to avoiding some of the common pitfalls being experienced today. International transport can be challenging but continuing to compare carrier rates for each individual shipment, planning in advance, obtaining confirmation from your carriers and adding buffer transit time will all assist in making the right decision... Read More

Taxable Values: Don’t Be Afraid to Appeal

Posted on June 15, 2021. Category: Tax Publications

Taxable Values OverviewEvery year companies must file business personal property returns to the various local taxing authorities where they hold assets. These returns determine the taxable values that those authorities use to calculate your annual business property tax. Most jurisdictions, upon receipt of the return, calculate an assessment or taxable value and generate a notice that they mail to the various businesses. This amount is then applied to the authority’s tax rate to give you your tax amount for the year. It is vital for a business to know and understand how that amount is determined so... Read More

Coronavirus Update - June 2, 2021

Posted on June 02, 2021. Category: Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.COVID-19 positivity rates in India have improved slightly over the last week but Indian state governments are proceeding with caution and are not rushing to reopen. Many state governments have announced extensions to the existing lockdowns, including very strict restrictions on the movement of people. The extended restrictions are causing shipping disruptions, so it remains important to verify the... Read More

Massachusetts Takes a New Approach to Sales Tax Deadlines

Posted on June 02, 2021. Category: Tax Publications

Beginning on May 1st, the due date for sales and use tax returns for the state of Massachusetts changed from the 20th to the 30th day of the month.  For example, a return for the period beginning on April 1, 2021, will now be due on May 30th, instead of May 20th.  This applies to monthly, quarterly, and annual filers. Since there are only 28 days in February, the 30-day deadline pushes the due date for January returns into March, contrary to the approach of most other states. In standard years, returns will be due on March 2nd. During leap... Read More

Louisiana Aims to End the Madness Surrounding their Sales Tax System with House Bill 199

Posted on May 31, 2021. Category: Tax Publications

Louisiana is one of the few states with what is known in the sales tax industry as home rule jurisdictions.  In addition to a state sales tax that is levied and administered by the state, cities, counties and other local jurisdictions can levy and administer their own sales tax rates and rules.  This can create complications and confusion for businesses.  Current legislation aims to simplify Louisiana’s sales tax system.  House Bill 199 is a constitutional amendment that would consolidate collections and administration of sales and use taxes at the state level under one entity called... Read More