Insights

Business Personal Property Tax Considerations

May 03, 2022.
Tax Publications

Whether you’re a business that’s just starting out, or an established one looking to expand into another state, obviously there are a multitude of factors (tax and otherwise) to be considered. Regarding the business personal property tax piece of the equation - if you have a...

Freeport Tax Exemptions in TX, MS, and GA

May 03, 2022.
Tax Publications

Freeport tax exemptions are business personal property exemptions that apply to inventory which has been in a jurisdiction for a short period of time, usually less than a year. This exemption can be a significant source of savings for companies doing business in Georgia, Mississippi, and Texas by reducing their...

The Use of Technologies in Customs Procedures

May 03, 2022.
Logistics Publications, Trade Publications

For years, international organizations have been involved in promoting new strategies to enhance international trade under the globalization framework. Perhaps no aspect of trade has played a bigger part in the globalization and facilitation of trade than technology. A significant increase in e-commerce has created a need for better and...

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

May 02, 2022.
Tax Publications

An Apple a Day Keeps the Sales Tax Away – Connecticut Online Learning Rendered Nontaxable The true object test comes into play when determining the taxability of online learning plans and courses. Online learning plans are generally not subject to sales and use tax as digital goods because the true...

Potential for Change in Section 301 Tariffs

April 28, 2022.
Trade Publications

The Biden Administration is evaluating the potential to lower tariffs on non-strategic goods imported from China, as a measure to help combat inflation and advance strategic political and economic priorities. On April 21st, 2022, Reuters reported Deputy National Security Adviser Daleep Singh’s comments on the potential of restructuring Section 301...

Tax Technology and Automation

April 22, 2022.
Tax Publications

The challenges of preparing and reporting indirect tax data are increasing. There are constantly changing requirements and regulations, as well as very large data sets which are often from disparate systems and at times unstructured. For many tax professionals, the most common tool that is used to process...

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

April 11, 2022.
Tax Publications

Did you know over 600 sales tax rate changes occurred on April 1st in these states… Alaska, Alabama, Arkansas, Arizona, California, Kansas, Louisiana, Minnesota, Missouri, Nebraska, Ohio, Oklahoma, Texas, Utah, Washington, Wyoming combined have over 600 sales tax rate changes. These changes became effective April 1st, 2022. Maryland: Purchases Made Relating...

In Case You Missed It: Last Week in Allyn Tax News (March 21-25)

March 28, 2022.
Tax Publications

New York – Sales & Use Tax Applicability on Leases of Paintings The Tax Appeals Tribunal has determined that "temporary possession is the essence of a lease transaction and a purchase for the purpose of leasing is a purchase for resale under Tax Law." In the case that was...

Buy America Act (BAA)

March 28, 2022.
Logistics Publications, Trade Publications

What is the Buy America Act? It is an act that was introduced in 1933 during the Great Depression and was intended to promote and increase U.S. jobs and industry. The BAA applies to supply and construction contracts between $10,000 and the dollar threshold for Trade Agreements Act (TAA). Supply and...

Vessel Manifest Confidentiality

March 25, 2022.
Logistics Publications, Trade Publications

Did you know that anyone can see where a company is shipping to and shipping from? All they need is access to PIERS (Port Import/Export Reporting Service) data and your company could have a potential IPR (intellectual property rights) issue on your hands. Don’t fret! Customs...

More Sanctions from the US and Allies

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, several countries banded together to insist that the World Trade Organization (WTO) revoke Russia’s “most favored nation” status, echoing a previous call from G7 nations. Demands were also made to prevent Belarus, a prominent Russian ally in the Ukrainian invasion, from being granted membership...

Sanctions from the EU and UK

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, the UK government decided to add an additional 350 new listings to the Russian sanctions that were initiated in February, including nine new listings related to cyber sanctions. Several Russian oligarchs will be directly affected by these new sanctions. The EU also put sanctions into place in response to...