Insights

Property Tax Prep: 6 Must-Know Tips Before Filing Your Returns

April 09, 2024.
Tax Publications

When it comes to running a business, managing a multitude of taxes becomes an ongoing concern with each fiscal year. One of the year-long processes to consider is filing and paying your business personal property taxes. Business personal property tax is assessed on the assets owned and used by a...

Dayforce at Allyn - Getting Started, Utilizing, Familiarizing, and Exploring.

April 08, 2024.
Logistics Publications, Tax Publications, Trade Publications

We are currently switching from Paycor to a new system, Dayforce, which includes a variety of features such as recruiting, new hire onboarding, performance, and more. Understanding the new system is an important part of our daily work and helps us to better answer questions for our employees as well...

Unlocking Success: The Importance of Tracking Visibility in Logistics

April 02, 2024.
Logistics Publications, Trade Publications

In the intricate dance of logistics, visibility is the guiding light that leads to success. The ability to track shipments in real-time empowers businesses to make informed decisions, optimize routes, and enhance customer satisfaction. Yet, the current state of tracking within the logistics industry poses challenges that impact our work...

In Case You Missed It: Last Week in Allyn Tax News (March 25-29)

April 01, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? In certain areas, organizing public events such as Easter egg hunts might require permits. The fees associated with these permits could have tax implications for the organizers. To learn more, ask an expert here: ...

The Import Security and Fairness Act

April 01, 2024.
Logistics Publications, Trade Publications

The Import Security and Fairness Act was presented to the House of Representatives in June of 2023 with the purpose of amending a prior bill passed in 1930 in accordance with the treatment of US imports. It encompasses duty free imports and seeks to help level the playing field, lessening the burden...

Francis Scott Key Bridge Impact

March 29, 2024.
Logistics Publications, Trade Publications

On March 26th the Francis Scott Key bridge in Baltimore, crucial for the transportation of goods and materials, collapsed after a cargo ship lost power and crashed into the bridge causing an immediate collapse of the infrastructure. This bridge serves as a key link in the supply chain, connecting...

Unlocking Global Trade: Understanding Routed Export Transaction Letters

March 28, 2024.
Logistics Publications, Trade Publications

In the large web of international trade, navigating regulations and documentation can be quite daunting. Amidst these complexities, the Routed Export Transaction (RET) Letter appears as a crucial document for facilitating seamless transactions between exporters and their foreign buyers. Let's delve into what a Routed Export Transaction Letter entails,...

The Collapse of the Francis Scott Key Bridge: A Midnight Disaster

March 27, 2024.
Logistics Publications, Trade Publications

When consumers receive a gift, add sugar to their coffee, or buy a new car, we typically don’t think about how these items were transported to us or where they came from. We become satisfied with our use of these products and go on with our day-to-day activities....

The Ripple Effect: How Logistics Costs Impact the Economy

March 22, 2024.
Logistics Publications, Trade Publications

Logistics, the backbone of global trade and commerce, encompasses the complex network of transportation, warehousing, and distribution systems that facilitate the movement of goods from production to consumption. However, the costs associated with logistics can have a profound impact on the economy, influencing everything from consumer prices to business competitiveness....

Free Trade Agreements (FTA): US-Singapore

March 22, 2024.
Trade Publications

The U.S.-Singapore Free Trade Agreement was signed into law in September of 2003. The contract became operative on January 1, 2004. With a transitional stage, the Free Trade Agreement (FTA) did away with tariffs on all commodities (that qualified) and were exchanged between the parties, encompassed service trade, and...

The $365 Million Ford Tariff Evasion Settlement: A Case Study on Integrity

March 15, 2024.
Logistics Publications, Trade Publications

On March 11th, the U.S. Department of Justice announced in a press release that Ford would pay $365 million in penalties to settle their tariff evasion case. Ford was accused of purposefully using incorrect classifications to avoid paying higher duties. The misclassified item in question was the Transit Connect, a...

Egypt Stops Using USD for Trade

February 22, 2024.
Logistics Publications, Trade Publications

As of February 15th, 2024, Egypt announced that their country will stop using the USD in all its trade transactions with other countries. They are now transitioning to the use of their local currency- the Egyptian Pound. The switch to EGP is part of the BRICS de-dollarization program as Egypt was...