Insights

In Case You Missed It: Last Week in Allyn Tax News (July 11-15)

July 18, 2022.
Tax Publications

Do you manage your exemption certificates, or do they manage you? Exemption certificates are issued by businesses to ensure sales tax is not applied to their invoice since they are an exempt organization, intend to use the purchase for an exempt purpose such as resale or manufacturing, or for other...

Ocean Shipping Reform Act Complaints

July 15, 2022.
Trade Publications

On June 16, 2022, the Ocean Shipping Reform Act (OSRA) of 2022 was enacted. This law will empower the Federal Maritime Commission (FMC) to take a more proactive role in investigating carrier behavior and ensuring fairness. The law gives shippers the right to register complaints against common carriers. These complaints will allow for...

In Case You Missed It: Last Week in Allyn Tax News (July 4-8)

July 11, 2022.
Tax Publications

3 Steps to Managing your Exemption Certificates An exemption or resale certificate is a form or document issued by a business to ensure sales tax is not applied to their invoice because they are an exempt organization, intend to use the purchase for an exempt purpose such as resale or manufacturing,...

In Case You Missed It: Last Week in Allyn Tax News (June 27 - July 1)

July 07, 2022.
Tax Publications

Let the Music Rock and the Sales Tax Roll – Lease of Georgia COAMs Determined Taxable The lower court finding that amounts paid to lease coin-operated amusement machines (COAMs) are subject to sales tax has been upheld by the Georgia Court of Appeals. An exemption does exist for the money...

Inflation: The Topic on Everyone’s Mind

July 06, 2022.
Logistics Publications, Tax Publications, Trade Publications

Today it seems like you can’t go a day without hearing about inflation and its effects on the economy. No matter where you find yourself on the supply chain, chances are you are concerned about the impact of rising costs and the availability of materials. Now is the...

In Case You Missed It: Last Week in Allyn Tax News (June 20-24)

June 27, 2022.
Tax Publications

Set Your Reminders! – Nebraska Property Valuation Protest Deadline Approaching The Nebraska Department of Revenue has issued a reminder to property owners that valuation protests must be filed on or before June 30, 2022. If there was an alteration in the assessed valuation of a real property parcel from the 2021 to the 2022...

The UK and Mexico establish formal negotiations for a New Free Trade Agreement.

June 24, 2022.
Logistics Publications, Trade Publications

In recent weeks, UK and Mexico have established formally negotiations towards a new Free Trade Agreement. Both countries will carry on talks on July 11, 2022, in a first round and second round expected to take place at the end of the 2022. It is important to highlight that according to Mexican authorities,...

In Case You Missed It: Last Week in Allyn Tax News (June 13-17)

June 23, 2022.
Tax Publications

Lift Your Wallet – New York Car Lift Installations are Subject to Tax The Division of Taxation’s determination has been held up by an administrative law judge that a New York taxpayer’s car lift installations are not capital improvements to property. The taxpayer in question designs,...

Born in the U.S.A.: Defined by Build America, Buy America Act

June 22, 2022.
Logistics Publications, Trade Publications

“Manufactured in America” seems like a simple statement. It would be easy to assume that if a product was pieced together within the United States, we could say it was “Made in America.” If the entire product is composed of pieces from Canada, but merely pieced...

Israel – UAE Free Trade Agreement

June 20, 2022.
Trade Publications

On May 30th the first Arab state and Israel free trade agreement was signed, the agreement aims to eliminate and lift bilateral trade for more than 96% of the good traded between the two nations. The goods include food, agriculture, cosmetics, medical equipment and medicine, the agreement would boost bilateral trade...

Forced Labor Prevention Act

June 14, 2022.
Logistics Publications, Trade Publications

Are you ready for the Uyghur Forced Labor Prevention Act (UFLPA) that goes into effect on June 21st, 2022? The UFLPA states that goods manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China could be prohibited entry into the U.S....

Vistula Spit Canal

June 13, 2022.
Logistics Publications, Trade Publications

A new canal across the Vistula Spit is planned to be opened this year, most likely already in September 2022. The canal will enable ships to sail from the port of Elblag, northern Poland, to the Baltic Sea without passing through the Russian-administered Strait of Baltiysk. The 1.3-kilometer canal is part...