Insights

The Buzz about IRC § 7874

September 11, 2015.
Tax Publications

IRC § 7874: Rules relating to expatriated entities and their foreign parents. The recent corporate inversion transactions of many large US corporations has resulted in much discussion and controversy relating to IRC § 7874. A corporate inversion, also referred to as a tax inversion, is a transaction in which an organization is...

Sales Tax Reform May Not Be Seen Until 2017

September 08, 2015.
Tax Publications

Two sales tax reform bills have been introduced to Congress this year: the Marketplace Fairness Act and the Remote Transaction Parity Act. The Marketplace Fairness Act (MFA) passed the Senate in 2013 but did not make it through the House Congressional session that ended in 2014. It was reintroduced...

The Importance of Customer Service in a Fast-Paced Logistics World

September 01, 2015.
Logistics Publications

The Importance of Customer Service in a Fast-Paced Logistics World The 21st century global logistics world is quickly evolving and the needs of shippers are becoming more complex. Today’s shippers expect more from their logistics providers than the ability to expedite a shipment or track a delivery;...

Meet The Yamal Railway, the northernmost railway in the world

July 30, 2015.
Logistics Publications

In the Nenets language (Samoyedic language spoken in northern Russia), “yamal” means “The End of the Land”. It is also the name of a peninsula in Northwest Siberia, about 2000 km from Moscow. This far away and long forgotten place is the home of Russia’s...

Logistics Visibility and Revenue Recognition

June 23, 2015.
Logistics Publications

Logistics visibility can be a great tool in helping achieve timely revenue recognition. Many times a supply chain event such as shipping, border crossing or delivery will trigger revenue recognition. Knowing when these logistics events take place is the first step in booking sales timely. Tips on Revenue Recognition Title...

5 Things to Look For When Selecting a Freight Forwarder

June 21, 2015.
Logistics Publications

All companies have their own criteria when it comes to freight forwarder selection. While some may choose a forwarder on cost alone, we know there are additional values that truly make a freight forwarder great. Here are 5 things, other than cost, that every shipper should think about before choosing a...

How Emission Control Areas Effect Your Ocean Transport Costs

June 15, 2015.
Logistics Publications

What is an ECA? Emission control areas (ECA's) or Sulfur Emission Control Areas (SECA's) are zones designated by MARPOL – the International Convention for the Prevention of Pollution from Ships. MARPOL is a marine environmental convention with a goal to reduce sea pollution specifically focused on dumping and...

HTS Classification: You have got to be Joking!

June 13, 2015.
Trade Publications

Though sometimes laborious and complicated and in spite of the over-the-top title, the concept of HTS classification is actually quite simple and essential to the success of any trade compliance program. The goal of this publication is to impart some general facts on the topic of HTS classification and prove...

What is Recon Anyways?

June 13, 2015.
Trade Publications

Reconciliation is the process by which importers may amend or correct the information of an entry provided to U.S. Customs and Border Protection in relation to duty, classification, or value, following the filing of an entry summary. Once the importer has filed a reconciled entry, which may be for...

Changes to GHS Formatted SDS

June 09, 2015.
Logistics Publications

OSHA has decided that chemical manufacturers will have to comply with all provisions set forth by the Globally Harmonized System (GHS). This will present an international approach to hazard communication, classification, labeling and data sheets. Important Changes: Classification: OSHA has changed its Hazardous Communication Standard (HSC) to include the...

Four States Offer Tax Amnesty

June 09, 2015.
Tax Publications

State Tax Amnesty From time to time, various states may offer a period of tax amnesty during which taxpayers may come forward and register with a state for sales tax and remit without penalty and/or interest. The amnesty programs generally run for a limited period of time and...

Managing Dry Ice shipments for Air Transportation

June 07, 2015.
Logistics Publications

Dry Ice is a solid form of carbon dioxide (CO²) which can be used as a cooling agent, and comes in various sizes and shapes. It is routinely used in the shipping of food, medical goods and other perishable items. The International Air Transport Association (IATA) has classified...