April 15, 2014.
Whether we like it or not, people in the logistics world are facing two major trends: the increase of e-commerce and the desire to immediately receive online orders in their hands. Companies like Amazon are partnering with the United States Postal Service (USPS) for Sunday Deliveries and testing same-day delivery...Read More
April 13, 2014.
March 5, 2014 will be a day to remember for many people of Belfort, especially those who work at General Electric, as this was when the largest gas turbine manufactured by GE in Belfort, France, named 9HA-01, was completed. There have been huge challenges for General Electric’s manufacturing, logistics, and...Read More
April 12, 2014.
U.S. Customs and Border Protection (CBP) offers several programs that allow importers to save on duties and taxes. One of these programs is the Temporary Importation Under Bond or TIB program. Like most CBP related programs for reducing duty payments, this process can be complex and costly if not...Read More
April 10, 2014.
The EXPIRE Act (Expiring Provisions Improvement Reform and Efficiency) was passed in the Senate Finance Committee on April 3, 2014. Part of the act included provisions for extending bonus depreciation under Section 168(k). Bonus Depreciation For over a decade, bonus depreciation has popped in and out of the tax code as...Read More
April 02, 2014.
Strategy is a plan of action, or policy, designed to achieve an overall aim. Sourcing is the buying of a product or service delivery from a supplier. Strategic Sourcing is an organized and collaborative approach to leveraging targeted spending across locations with select suppliers that are best suited to create...Read More
April 01, 2014.
The president of the United States has signed a new executive order that prohibits transferring or exporting US property to anyone who is furthering the current situation in the Ukraine. http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/pages/20140317.aspx All property and interests in property that are in the...Read More
March 30, 2014.
The Virginia Tax Commissioner has recently ruled that an employee’s home office in Virginia, wherein test methods for post-sale training were developed, created nexus for income tax despite the training itself being conducted out of state. (Virginia Public Document Ruling 13-172, 09/19/2013). Facts The taxpayer’s only tie...Read More
March 30, 2014.
Q: What is EEI and who needs to take care of this? A: Foreign Trade Regulations and determining if an Electronic Export Information (EEI) is required. Mandatory EEI filing through the Automated Electronic System (AES) went into effect on October 2, 2008. This required specific filing for tangible cargo with a...Read More
March 29, 2014.
The European Union (EU) has proposed a set of measures to encourage the responsible trading of tin, tungsten, tantalum, and gold in an effort to reduce the financing of armed groups in conflict areas (such as the Democratic Republic of Congo). The proposed rule is similar to the United States...Read More
March 28, 2014.
House Judiciary Committee Chairman, Bob Goodlatte, (R-Va.) released seven principles for devising an Internet Sales Tax Bill on September 18. This is a follow-up to the passage of the Senate legislation in May of 2013. In a press release, Goodlatte said, "The aim of the principles is to provide a...Read More
Qualities of a Fair State Tax Administration Part 2 – Even-Handed Statute of Limitations and Interest Rates
March 28, 2014.
This is the second in a series of posts about the qualities of a fair state tax administration. These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes. The qualities discussed in this article are even-handed...Read More
March 27, 2014.
This is the first in a series of posts about the qualities of a fair state tax administration. These measurements were used by the Council on State Taxation (COST) to analyze each state’s fairness in administering its taxes. Their fifth annual report is found here. The...Read More