The U.S. Senate has approved a highway bill containing a provision that will increase Customs user fees. Customs user fees are designed to help with processing and inspection costs and per 19 USC 58 are paid by: Commercial vessels: $397 per arrival Commercial vehicles: $5 per arrival Railcars: $7.50 per…
Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted the tax rates. This article will illustrate the rate changes that were impacted. Type of New York Businesses New York Article 9-A designates three classes of corporations for tax rate purposes: • Qualified New…
It is no secret that globalization increases market competition. Consumers are increasingly able to comb the global marketplace to find products that meet their demand at competitive prices. However, it is not unheard of that some foreign countries unfairly subsidize producers and exporters, or that a foreign exporter and producer…
On Wednesday, October 7th, 2015, Customs will conduct the final Customs Broker exam of 2015. Considered a “niche” profession, there are currently only 12,000 Licensed Customs Brokers (LCB) in the United States. Allyn International proudly employees 6 Licensed Customs Brokers who serve our clients in different capacities throughout the company.…
The mislabeling and reporting of kits on commercial invoices is, quite possibly, the most common mistake noted by Allyn International analysts in applying HTS codes to products on parts lists or upon importation. A mistake like this can delay a shipment for days and accrue storage charges at port. Fortunately,…
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…
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 in…
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; they expect a…
We are growing! Yesterday we announced the grand opening of our new headquarters with a celebratory ribbon cutting from the Fort Myers Chamber of Commerce!
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 largest natural gas reserve (55…