What is Recon Anyways?

Posted on June 13, 2015. Category: Trade Publications

Reconciliation is the process by which importers may amend or correct the information of an entry provided to U.S. Customs and Border Protection in relation to duty, classification, or value, following the filing of an entry summary. Once the importer has filed a reconciled entry, which may be for up to 9,999 underlying flagged entries, then the reconciliation entry is liquidated with a single bill or a refund.It is recommended that Reconciliation be used by importers who periodically make cost adjustments to the price or additions to the value of the goods being imported, such as assists or additional...

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Changes to GHS Formatted SDS

Posted on June 09, 2015. Category: Logistics Publications

OSHA has decided that chemical manufacturers will have to comply with all provisions set forth by the Globally Harmonized System (GHS).  This will present an international approach to hazard communication, classification, labeling and data sheets.Important Changes:Classification: OSHA has changed its Hazardous Communication Standard (HSC) to include the GHS. This will increase consistency throughout the globe as importing/exporting countries will be using the same labels and documents. Labeling: Labels are required to include a harmonized signal word, pictogram, and hazard statement for each hazard class and category. Precautionary statements must also be provided Safety Data Sheets: Straying ...

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Four States Offer Tax Amnesty

Posted on June 09, 2015. Category: Tax Publications

State Tax AmnestyFrom time to time, various states may offer a period of tax amnesty during which taxpayers may come forward and register with a state for sales tax and remit without penalty and/or interest.  The amnesty programs generally run for a limited period of time and apply to specific tax types for certain periods.Companies who do business in a given state should frequently evaluate their nexus footprint to ensure they are compliant in the states in which they operate.  Nexus can be based on employees, property, or even sales, service, or trade show visits...

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Managing Dry Ice shipments for Air Transportation

Posted on June 07, 2015. Category: Logistics Publications

Dry Ice is a solid form of carbon dioxide (CO²) which can be used as a cooling agent, and comes in various sizes and shapes.  It is routinely used in the shipping of food, medical goods and other perishable items. The International Air Transport Association (IATA) has classified dry ice as a hazardous material as its high levels of odorless gaseous CO² have the potential to cause breathing problems.Dry ice is found in the Hazmat Table (49 CFR 172.101) under UN1845. The Hazard class is 9, and applicable class 9 markings will be required.  The maximum amount of dry...

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Nevada Senate Approves Historic Tax Hike to Fund Education

Posted on June 07, 2015. Category: Tax Publications

Nevada Governor, Brian Sandoval, urged lawmakers in his 2015 State of the State address to focus on education.  “Improving our public education system must therefore begin with modernization, and modernization requires investment.”  The investment Sandoval spoke of totaled to a $1.1 billion package to improve K-12 education, the highest tax hike in the history of the state.  The Nevada Senate approved all of Sandoval’s proposals on June 1, 2015 even though vocal critics tried to persuade the legislature that the bill was similar to a business tax plan that was voted down by the public in November. ...

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Tennessee Tax Law Modifications

Posted on June 07, 2015. Category: Tax Publications

Sales & Use Tax ImpactEffective July 1, 2015, the Revenue Modernization Act (the Act) (H.B. 0644) includes several modifications to Tennessee law.  The modifications affect sales tax nexus determination and the application of sales tax to remotely accessed software.  Technology based companies and online gaming organizations may want to review the law changes to better understand the sales tax impact.Remotely Accessed SoftwarePresently, computer software sales are subject to Tennessee sales and use tax regardless of the delivery method (i.e. electronic, tangible storage media, loaded, other).  As of July 1, 2015, computer software now includes remotely accessed...

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Remaining Compliant During Organizational Changes

Posted on June 07, 2015. Category: Tax Publications

Steps Companies Can Take to Ensure ComplianceIf your company is undergoing an organizational change, there are certain steps that must be taken to ensure that the business remains in compliance with federal, state, and local tax laws and regulations. Organizational changes can include a new name, new locations, nature of the business, or ownership.Secretary of StateOrganizations that want to establish a new name must first notify the Secretary of State and submit a request to change the name in the articles of incorporation. If the business has previously filed a “Doing Business As” this must...

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Chile Customs Strike

Posted on May 22, 2015. Category: Logistics Publications, Trade Publications

Chilean Customs StrikeThe National Association of Chilean Customs Workers (ANFACH) unhappy over working conditions, pay and tax reform entered into an indefinite strike on Wednesday May 20, 2015. As a result, no cargo importing or exporting from Chile will be processed.Shipments that arrive to Chile during the strike will incur storage charges, while they wait to clear customs.  If you will be sending any air shipments to Chile you may want to delay until there is notification that the strike will be over.If you have questions about how this may affect your business and how to mitigate the...

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Top 5 Trends in Tax

Posted on May 18, 2015. Category: Tax Publications

We have asked senior managers at Allyn International to investigate the top trends in Tax and compile the top 5 topics that are #trendingnow. Click on the link below to read the full document.Top 5 Trends in TaxAre you interested in knowing more about these trends? Just tweet us using the hashtag #allynintl or email us at sales@allynintl.com.

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Top 5 Trends in Trade Compliance

Posted on May 15, 2015. Category: Trade Publications

We have asked senior managers at Allyn International to investigate the top trends in Trade Compliance and compile the top 5 topics that are #trendingnow. Click on the link below to read the full document.Top 5 Trends in Trade ComplianceAre you interested in knowing more about these trends? Just tweet us using the hashtag #allynintl or email us at sales@allynintl.com.

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