Insights

Coronavirus Update - August 24, 2021

August 24, 2021.
Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions. Maintaining operational success is pivotal and planning ahead remains...

California Expands Penalty Relief for Late Property Payments

August 24, 2021.
Tax Publications

The onset of the Covid-19 pandemic in early 2020 created widespread uncertainty worldwide, most notably among businesses in the United States. This uncertainty led to confusion and frustration surrounding tax deadlines, which forced states to extend deadlines and excuse penalties accrued. California currently imposes a 10% penalty on delinquent payments for property...

At a Glance: Q3 2021 Logistics Bulletin Summary & Outlook

August 24, 2021.
Logistics Publications, Trade Publications

Air Freight International Global air volume, measured in CTKs, declined slightly from the record values seen in Q1. However, volume has remained consistent through Q2, especially when seasonally adjusted for the slower mid-year months(1) Capacity in July was up 29% in July over 2020 levels, although load factor declined by 3%. Airlines are...

In Case You Missed It: Last Week in Allyn Tax News (August 16-20)

August 23, 2021.
Tax Publications

Michigan Provides Guidance for Small Business Tax Audits A tax audit is an in-depth examination of a business’s tax returns for a particular tax type, such as sales tax, typically covering a period of years. An audit is performed in order to verify that the taxpayer in question...

Why a 3PL is Beneficial?

August 23, 2021.
Logistics Publications

First and foremost, what is a 3PL? A 3PL is a Third-Party Logistics company that offer one stop solutions for their clients. Working alongside a 3PL is a partnership vs a transactional relationship. 3PLS help in identifying gaps in the supply chain. Their expertise, best practices and technologies can also...

Coronavirus Update - August 17, 2021

August 17, 2021.
Coronavirus Updates

Getting Ready for a Green Future

August 17, 2021.
Logistics Publications

Innovation can take many forms and even small changes make a difference when applied at scale. Packing materials are a major source of waste contributing to our constantly growing landfills. Pallets and wood packaging account for 3.9% of municipal solid waste totaling 11.5 million tons in 2018. Only 26.9% of discarded wood is recycled...

Market Madness & the COVID Recovery

August 17, 2021.
Logistics Publications

Market Madness & the COVID Recovery Whether you work in the Supply Chain industry or not, you’ve probably felt it. “The market is just crazy right now” seems to be a buzz phrase. The housing market is booming, with home sale prices at near-record highs. The...

The Emergence of Electric Trucks

August 16, 2021.
Logistics Publications

Electric trucks, both full-size and mid-size, are becoming more and more prevalent on the road today. Green Tech Media states that there are about 2,000 mid-size and full-size electric trucks on the road right now. However, an analysis run by their research team estimates there could be up to 54,000 trucks on...

In Case You Missed It: Last Week in Allyn Tax News (August 9-13)

August 16, 2021.
Tax Publications

New York Refund Denial Upheld An administrative law judge (ALJ) has issued a decision to uphold the Division of Taxation’s denial of a taxpayer’s refund claims associated with motor fuel tax, petroleum business tax, and prepaid sales tax on 13,838,236 gallons of motor fuel. The ALJ concluded...

Truck Shortages and Distribution Backlogs

August 12, 2021.
Logistics Publications

With the effects of COVID-19 still looming the logistics industry, there has been an increase in demand for truck drivers leading to increased transit times due to distribution backlogs. The consumer demand for their shipments has led to the discovery of bottlenecks existing within ports and distribution centers. This was...

Does the IRS expect me to issue my Vendor a 1099?

August 11, 2021.
Tax Publications

An Obligation for Every Business Businesses are required to file and send vendors copies of select information returns to the IRS on payments made for certain purchases to certain entities in the course of their trade or business. Often, businesses are under the impression that they only need...