Insights

Changes Coming in 2022 to Section 301, Section 201, and AD/CVD Regulations

January 03, 2022.
Logistics Publications, Trade Publications

On January 20, 2022, a coalition of 140 bipartisan U.S. lawmakers sent a letter to the Ambassador of the Office of U.S. Trade Representative, Katherine Tai, requesting immediate approval and implementation of Section 301 exemptions. The lawmakers claimed that failure to do so would irreparably harm US businesses in multiple industries, and...

Vaccinated Travel Lanes (VTL) for Singapore-Malaysia

December 30, 2021.

Singapore-Malaysia land VTL to be launched on Nov 29, travelers must use designated bus services. The initial land VTL arrangement, travelers whom only eligible for citizens, permanent residents, or long-term pass holders of the country that they are entering without the need for quarantine. On 20 December 2021 (Monday), Singapore's Ministry of...

Licensing 101

December 22, 2021.

When you delve into the broad corporate term of “licensing,” you’ll find a myriad of subtitles: Business, dealer, manufacturer, sales tax, delivery, master, privilege, hazmat, merchant, leasing, occupational, etc. The list goes on and on. The necessary data that drives each filing can be as varied....

3 Essentials of Exemption Certificates

December 17, 2021.

Exemption Certificates Introduction To know if an exemption or resale certificate your business receives or issues is valid, it is important to understand what this document entails. An exemption or resale certificate is a form or document issued by a business to ensure sales tax is not applied to their...

Consumer’s Use Tax vs. Seller’s Use Tax: Nearly Every Business owes Use Tax

December 15, 2021.

Use Tax Overview Use tax is defined as a tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid. It is known as a complementary tax to sales tax and can be applied if a different state sales...

Last Week in Allyn Tax News

December 14, 2021.

Taxable Values: Don’t Be Afraid to Appeal Every year companies must file business personal property returns to the various local taxing authorities where they hold assets. These returns determine the taxable values that those authorities use to calculate your annual business property tax. Most jurisdictions, upon receipt of...

The Future of The Global Supply Chain

December 11, 2021.
Logistics Publications, Trade Publications

The COVID- 19 pandemic brought significant challenges for the supply chain, the rapid spread of the virus, the international shootdowns, and the logistic disruptions reduced industrial and transportation activities creating chaos in the global supply chain. Mike Mayran, the director for the Massachusetts Port Authority says, “There was not a...

In Case You Missed It: Last Week in Allyn Tax News (November 22-26)

December 01, 2021.

New York City, NY Issues the City’s Property Tax Rates for the 2022 Tax Year The New York City Department of Finance has issued that the 2022 property tax rates are: Class 1 property – 19.963%, Class 2 property – 12.235%, Class 3 property – 12.289%, and Class 4 property – 10.755%. Iowa Issues Guidance for Remote Sellers...

Entry Audit

November 30, 2021.
Logistics Publications, Trade Publications

Entry Audit In an environment with changing regulations, the need for import/export transactions to meet compliance requirements is critical to success. Allyn experts review transactions to identify inaccuracies quickly and correct them appropriately. We review 100% of entries to verify the accuracy of transactions (including tariff classification, valuation, and origin...

2022 Tariff Schedule Will Contain Smartphones, Drones, and More

November 30, 2021.
Logistics Publications, Trade Publications

Starting in 2007 with the rollout of the first iPhone, smartphones have become increasingly integrated into the lives of the global population. A person can use a smartphone to communicate with the people they love, and to troll the people they don’t. They can find love by swiping right,...

In Case You Missed It: Last Week in Allyn Tax News (November 1-5)

November 08, 2021.

North Dakota Local Sales and Use Tax Rate Change Active January 1, 2022, the city of Richardton is increasing its sales, use and gross receipts tax by 0.5% and removing the $100 per sale maximum tax ceiling. This increase brings the tax rate to a total of 2.5%. There are no added exemptions and contracts...

Top Five Mistakes to Avoid in Property Tax

November 03, 2021.
Tax Publications

Tangible Personal Property Tax Overview Companies who have tangible business personal property or inventory located in the U.S. are required to file annual returns of such assets to local taxing authorities. The reported data includes asset cost and year of acquisition, as well as inventory value for states that...