Insights
Return to PublicationsHow to Know if You’re Overdue for a Tax Automation Project
September 14, 2022.
Tax Publications
What Do We Mean By “Tax Automation”? Two areas where technology can enhance tax compliance are in the data transformation and data visualization phases. The area with the largest opportunities to reap the benefits of automation is in the data transformation phase. Automation can reduce the...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (Week of August 29 - September 2)
September 05, 2022.
Tax Publications
Hawaii Golf Courses Assessed Below Par The County of Kauai has issued a regulation to clarify the process of accessing golf courses for real property tax purposes. In Kauai County, real property is normally assessed based on its highest and best use. Although golf courses have many functions including preservation...
Read MoreTired of Dealing with Sales Tax? Here’s the Scoop.
August 31, 2022.
Tax Publications
Sales Tax is a tax on the sale, transfer, or exchange of a taxable item or service. It is generally added to the sales price and charged to the purchaser or ultimate consumer. Use tax is defined as a tax on the storage, use, or consumption of a taxable item...
Read MoreHow to Manage Your Exemption Certificates Smoothly
August 24, 2022.
If preparing, issuing, collecting, verifying, and storing exemption or resale certificates for exempt sales made in the US was not a daunting task previously, it most certainly is now. How a company manages these changes can have a positive effect on their state and local sales tax compliance as well...
Read MoreCTPAT: July 2022
August 24, 2022.
Logistics Publications, Trade Publications
In July 2022, CBP updated the Customs Trade Partnership Against Terrorism (CTPAT) Handbook to include considerations to combat Forced Labor. Applicants of the CTPAT program shall declare if they have strategies or programs in place to detect y eliminate forced labor within their supply chains. CBP has doubled down their efforts...
Read MorePA Sales and Use Tax Audit Support Case Study
August 23, 2022.
Tax Publications
Allyn offers tailored audit management services that address all elements of the audit from start to finish. We leverage our team’s multi-state tax experience, expertise, and best practices to regularly achieve savings in excess of six figures. Allyn provided sales and use tax audit support for a heavy...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 15 - 19)
August 22, 2022.
Tax Publications
Stay In The Know, While On The Go Just recently, California passed a budget trailer bill regarding the sale and use of diesel fuel. From October 1, 2022 to October 1, 2023, gross receipts from the sale, storage, use, or consumption of diesel fuel are exempt from sales and use taxes. This exemption only...
Read MoreAn Ongoing Shipping Container Shortage
August 18, 2022.
Logistics Publications, Trade Publications
Shipping containers have always been a significant shipping unit for global trade. Without them, carriers would be unable to move large volumes of cargo. Since the 1950s they belonged to the backbone of supply chains and represented faster and cheaper solutions for moving goods between overseas markets. With the...
Read MoreCreating Helpful Incentives to Produce Semiconductors (CHIPS) Act
August 16, 2022.
Trade Publications
The United States Congress has passed and approved the CHIPS, which is focused on revitalizing the domestic manufacturing of microprocessors. The industrial strategy and policy aim to strengthen American supply chain and create jobs. The main objective of the CHIPS Act is to promote the manufacturing and fabrication of semiconductors...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 8-12)
August 15, 2022.
Tax Publications
To Exempt or Not To Exempt The Mississippi Attorney General determined the manufacturing exemption and the free port warehouse exemption for personal property that can be granted is at the sole discretion of the governing authorities of the county. If an entity is eligible, the governing authorities can grant...
Read MoreIn Case You Missed It: Last Week in Allyn Tax (July 25-29)
August 01, 2022.
Tax Publications
Farming for Taxes—Arkansas Clarifies Farming Machinery Exemption. A taxpayer failed to prove entitlement to the farm machinery and equipment exemption for an ATV purchased outside Arkansas. The machinery is not used exclusively and directly in the commercial production of food and fiber, and the taxpayer is not a...
Read MoreWhat is the USDA’s new ACIR database?
July 28, 2022.
The U.S. Department of Agriculture (USDA) has implemented a new requirements database for the import of agricultural products. The Animal and Plant Health Inspection Service (APHIS) announced on July 14, 2022 the launch of their new database called “Agricultural Commodity Import Requirements” (ACIR). The benefits promised by APHIS...
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