Insights

Tax Cuts and Jobs Act: Impact on Taxpayers

January 15, 2018.
Tax Publications

The most sweeping tax reform proposal in over 30 years was signed into law on December 22, 2017, by President Donald Trump after the House and Senate passed the bill. The Tax Cuts and Jobs Act (the Act) became a reality for US taxpayers beginning with tax years after December 31, 2017. The extensive tax...

Transportation and Exportation or Immediate Transportation... What's The Difference?

January 10, 2018.
Trade Publications

There are many mechanisms that can be utilized to benefit a supply chain and shipping costs. Two options are Transportation and Exportation Bonds (T&E) and Immediate Transportation Bonds (IT). However, it is important to know the difference between the two bonds because there can often be confusion about...

Air Freight Capacity Issues

December 21, 2017.
Logistics Publications

Peak season used to traditionally take place in August and September as shippers were rushing to get freight delivered for the upcoming holiday season, via ocean. However, the current marketplace, influenced by consumer’s reliance on e-commerce, has shifted away from ocean toward air cargo. As a result, we...

Supply Chain Trends to Watch in 2018

December 21, 2017.
Logistics Publications

There are several key supply chain trends to watch in 2018 - Omnichannel Revenue Management The retail supply chain has been going through a massive transformation. Traditional brick and mortar retailers seek to leverage their stores to better compete against Amazon and other e-commerce retailers. ARC’s Chris Cunnane...

A Great Alternative for Super Loads

December 19, 2017.
Logistics Publications

When transporting oversized machinery across the United States and Canada — the Great Lakes offer a tempting alternative to rail and truck. The Great Lakes are connected by a series of channels and canals leading ocean vessels and barges inland as far west as Duluth, Minnesota. As manufacturers continue building...

What can be done to save the Ocean Shipping Industry?

December 18, 2017.
Logistics Publications

Post-2010 through 2012 ocean freight rates were at an all-time high (Petersen, 2016). However, now there have been massive drops in ocean freight prices to historical lows, and the predictions are not good for the end of 2017 going into 2018. In fact, many experts believe that this trend will be very difficult to...

Developing A Competitive Advantage in International Logistics Communication

December 14, 2017.
Logistics Publications

In the world we live in today, millions of emails, faxes, and documents are exchanged back and forth each day. In industries such as logistics, people are communicating constantly, whether it be in person, video conferencing or international calls. With ongoing global communication, these people face different challenges due to...

Connecticut Tax Amnesty Program Offers a ‘Fresh Start’

December 14, 2017.
Tax Publications

As of October 31, 2017, Connecticut is now offering an incentive program for both individual and business taxpayers to voluntarily come forward and pay their unreported tax liabilities. Individuals and businesses may be eligible if returns were not filed, or if the returns failed to report the full amount of tax on...

Utilizing ACH to Mitigate Error and Streamline Payments to CBP

December 14, 2017.
Trade Publications

An automated clearing house (ACH) is a funds-transfer system that is operated by the National Automated Clearing House Association (NACHA). This system deals with a plethora of different payment services such as direct deposits, refunds, and bank withdrawals. The NACHA uses this system to improve the efficiency of business operations. ...

Do You Know What’s in Your Shipment? Adding Items Adds Unforeseen Consequences: 19 CFR 141.89

December 13, 2017.
Trade Publications

Imagine sending a shipment of multiple products only have it returned to your doorstep, causing processing delays and a dissatisfied customer. By adding a simple cotton sample or complimentary T-shirt to your shipment without providing the required information outlined in several obscure areas, this friendly gesture has turned into a...

Pennsylvania – New Economic Nexus Requirements

December 13, 2017.
Tax Publications

By March 1, 2018, parties identified and defined as remote sellers, marketplace facilitators, and referrers, with sales of $10,000 or more in the previous 12 month period, will be required to either collect and remit Pennsylvania sales and use tax, or comply with notice and reporting requirements based on recently enacted Pennsylvania legislation. For...

Miscellaneous Income: What You Need to Know for 2017 Reporting

December 11, 2017.
Tax Publications

As we are well into December 2017, we begin to prepare for upcoming 2018 deadlines. In doing so, it is important for taxpayers to note what Federal forms are due, when, and requirements exist as they pertain to the filing of Miscellaneous Income Form 1099-MISC for the 2017 tax year. When: If you...