Insights

In Case You Missed It: Last Week in Allyn Tax News (Nov 22)

November 22, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? Pumpkins used for cooking may be tax-free, while pumpkins meant for decoration are often taxable. For example, in Iowa, you’ll be taxed on a pumpkin with no intention of becoming pie! To learn...

In Case You Missed It: Last Week in Allyn Tax News (Nov 11, 2024)

November 15, 2024.
Tax Publications

Allyn Tax Fun Facts Happy National Veteran’s Day! Are you ready for more Allyn Tax Fun Facts? Some states offer tax-free shopping days around Veterans Day for veterans and active-duty military personnel. For example, Louisiana has a “Veterans Day Sales Tax Holiday” where eligible veterans enjoy...

Chinese Unreliable Entries List Expands Towards Commercial Business

November 14, 2024.
Logistics Publications, Trade Publications

In 2020, the Chinese Ministry of Commerce (MOFCOM) instituted a punitive trade sanction program called the Unreliable Entries List (UEL) with a broad mandate to protect Chinese national security and trade. Larger in scope than the US DoC Denied Persons List, the UEL sanctions specific people, organizations, and companies for...

In Case You Missed It: Last Week in Allyn Tax News (Nov 8)

November 07, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? In some states, candy is taxable, while in others, it’s exempt as a grocery item. The real twist? States like Illinois tax candy at a higher rate than other food items, unless it...

Drop Shipping Explained: A Beginner’s Guide to E-Commerce Success

November 06, 2024.
Tax Publications

As a company grows, managing every aspect of its operations can become increasingly challenging, especially when it comes to shipping. One way to ease this burden is by utilizing drop shipments. In a drop shipment transaction, a retailer or seller receives an order from a customer and forwards it to...

Are Chinese Electric Vehicles on the US Market Inevitable?

November 01, 2024.
Logistics Publications, Trade Publications

Chinese electric car manufacturer, BYD has garnered attention for the cheap price tag on its electric vehicles and their success in penetrating the global market. Widely sold in south and central America and dominating 10% of the European electric vehicle market, BYD’s regional Mexican head, Jorge Vallejo recently announced...

In Case You Missed It: Last Week in Allyn Tax News (Nov 1)

November 01, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? Some states tax costumes while others don’t. Massachusetts exempts children’s costumes but taxes adult ones. In New York, costumes priced over $110 are taxed as luxury items! To learn more, ask an...

Last Week in Allyn Tax News (Week of October 21)

October 25, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? Bottled water is taxable in Washington. However, you can request a refund of the sales tax if the water is prescribed to you by a doctor. To learn more, ask an expert here: ...

Weathering the Storm: Tax Authorities Step In to Provide Relief After Helene and Milton

October 24, 2024.
Tax Publications

On Thursday, September 26, 2024, Category 4 Hurricane Helene struck Florida's Big Bend, causing widespread flooding, significant property damage, and disabled infrastructure across Florida, Georgia, the Carolinas, Tennessee, Virginia, and Kentucky. Less than two weeks later, Category 3 Hurricane Milton made landfall in Florida on October 9, 2024, bringing torrential rainfall, severe winds, a tornado...

Storm Ashley Disrupts UK and Ireland: Critical Supply Chain and Travel Alerts

October 21, 2024.
Logistics Publications, Trade Publications

In the wake of Storm Ashley a large severe weather event with high winds and rain, made landfall October 21st. The United Kingdom and Ireland are recovering from the aftermath of Storm Ashley, a severe storm that has triggered a series of logistical challenges. The storm has severely compromised all...

CARM: Rapidly Approaching

October 16, 2024.
Logistics Publications, Trade Publications

The 21st of October 2024 is supposed to see the Go-Live of CARM (CBSA Assessment and Revenue Management). It is a digital initiative that changes how CBSA will assess and collect duties and taxes on commercial goods imported into Canada. The goal is two-fold. One, to provide Canadian importers with a...

Strikes Ends For Now

October 15, 2024.
Logistics Publications, Trade Publications

The recent strike involving nearly members of the International Longshoremen’s Association (ILA) halted operations at key East and Gulf Coast ports, severely disrupting the flow of consumer goods and exports. The strike began due to disputes over wage increases and automation concerns and ended after three days when...