Insights

Mastering the Art of Audits: Your Guide to a Successful Tax Review

July 03, 2023.
Tax Publications

Audits play a vital role in ensuring compliance and maintaining the integrity of our financial systems. They provide an opportunity for us to review and assess the accuracy and completeness of our records, ultimately ensuring that we meet our tax obligations and operate within the boundaries of the law. Allyn...

Last Week in Tax News (June 26-30, 2023)

June 30, 2023.
Tax Publications

WRS Partnership for Growth L. 2023, A245, effective 06/01/2023, authorizes a county in which a first-class city is located (currently, Milwaukee County) to impose an additional sales and use tax at a rate not exceeding 0.4% of the sales price or purchase price of tangible personal property and services. The tax will...

Combating Deforestation with Trade Regulations

June 30, 2023.
Logistics Publications, Trade Publications

Fighting climate change has, over the past few years, become a major priority for nations around the globe. While there is much debate among the general population as to what drives climate change, deforestation and the lack of carbon consuming plants is proven to affect our environment in negative ways....

What is a Licensed Customs Broker?

June 29, 2023.
Trade Publications

Customs Brokers are individuals who are licensed by the U.S. Customs and Border Protection (CBP) to assist businesses in understanding and abiding federal regulations concerning the importing and exporting of goods into or out of the country. These highly trained professionals assist businesses by processing relevant paperwork, fees, and...

Streamlining Logistics Operations for Optimal Efficiency

June 28, 2023.
Logistics Publications

Logistics plays a pivotal role in today's globalized world, ensuring the smooth flow of goods, information, and resources across supply chains such as we do here at Allyn International Services. From procurement and transportation to warehousing and distribution, efficient logistics management is essential for businesses to remain competitive. In...

Last Week in Tax News (June 19-23)

June 23, 2023.
Tax Publications

Tax Holiday L. 2023, S56 (Act 288), effective 07/01/2023, reinstates the Second Amendment sales tax holiday. Under the current law, the Annual Louisiana Second Amendment Weekend Holiday exempts the sale of eligible firearms, ammunition, and hunting supplies from state sales and use tax on the first weekend of September. However, the current holiday...

Last Week in Tax News (June 12-16)

June 16, 2023.
Tax Publications

Ensuring Eligibility Oklahoma amends the sales and use tax exemption for sales of tangible personal property or services to unremarried surviving spouses of certain disabled veterans, effective 7/1/2023. Specifically, it clarifies that an unremarried surviving spouse may still claim the exemption if the disability determination that would have been made...

21 CCF: What Can We Expect?

June 15, 2023.
Logistics Publications, Trade Publications

In the ever-changing landscape of international trade and relations, the Customs & Border Patrol Agency believes it has fallen behind in modern times. The CBP created the idea of 21 CCF — the 21st Century Customs Framework — in 2018 when they had their first public meeting on the new framework. A...

General Average… everyone chips in… whether you like it or not!

June 14, 2023.
Logistics Publications, Trade Publications

If you ever saw The Perfect Storm, or All is Lost, or The Finest Hours, not only you may have seen a good production, but you also saw what in real life could be part of a General Average Declaration. The law of general average is a principle of maritime...

Last Week in Allyn Tax News (June 5-9)

June 09, 2023.
Tax Publications

Extinguish the Tax On June 1, 2023, the Michigan Court of Appeals approved for publication its earlier decision holding that the annual fire inspection charge assessed on owners of commercial real property and multiunit residential real property located in Detroit is a fee, and not a tax, and so did not violate...

Last Week in Allyn Tax News (May 29-June 2)

June 02, 2023.
Tax Publications

Unclaimed Property Services For many companies, a one-size-fits-all unclaimed property approach doesn’t work. That’s why our team of tax professionals use their deep expertise and innovative technology to customize, automate, and optimize your business processes to help ease the strain of your unclaimed property demands. Our...

Last Week in Tax News (May 22-26)

May 26, 2023.
Tax Publications

Change for Veterans The California State Board of Equalization (SBE) has recently revealed the 2024 property value exemption amounts and the household income limit for the disabled veterans' property tax exemption. For the 2024 assessment year, the exemption amounts are $169,769 for the basic exemption and $254,656 for the low-income exemption. The household income...