Insights

Logistics Visibility and Revenue Recognition

June 23, 2015.
Logistics Publications

Logistics visibility can be a great tool in helping achieve timely revenue recognition. Many times a supply chain event such as shipping, border crossing or delivery will trigger revenue recognition. Knowing when these logistics events take place is the first step in booking sales timely. Tips on Revenue Recognition Title...

5 Things to Look For When Selecting a Freight Forwarder

June 21, 2015.
Logistics Publications

All companies have their own criteria when it comes to freight forwarder selection. While some may choose a forwarder on cost alone, we know there are additional values that truly make a freight forwarder great. Here are 5 things, other than cost, that every shipper should think about before choosing a...

How Emission Control Areas Effect Your Ocean Transport Costs

June 15, 2015.
Logistics Publications

What is an ECA? Emission control areas (ECA's) or Sulfur Emission Control Areas (SECA's) are zones designated by MARPOL – the International Convention for the Prevention of Pollution from Ships. MARPOL is a marine environmental convention with a goal to reduce sea pollution specifically focused on dumping and...

HTS Classification: You have got to be Joking!

June 13, 2015.
Trade Publications

Though sometimes laborious and complicated and in spite of the over-the-top title, the concept of HTS classification is actually quite simple and essential to the success of any trade compliance program. The goal of this publication is to impart some general facts on the topic of HTS classification and prove...

What is Recon Anyways?

June 13, 2015.
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...

Changes to GHS Formatted SDS

June 09, 2015.
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...

Four States Offer Tax Amnesty

June 09, 2015.
Tax Publications

State Tax Amnesty From 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...

Managing Dry Ice shipments for Air Transportation

June 07, 2015.
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...

Nevada Senate Approves Historic Tax Hike to Fund Education

June 07, 2015.
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...

Tennessee Tax Law Modifications

June 07, 2015.
Tax Publications

Sales & Use Tax Impact Effective 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...

Remaining Compliant During Organizational Changes

June 07, 2015.
Tax Publications

Steps Companies Can Take to Ensure Compliance If 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...

Chile Customs Strike

May 22, 2015.
Logistics Publications, Trade Publications

Chilean Customs Strike The 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...