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In Case You Missed It: Last Week in Allyn Tax News (November 22-26)

New York City, NY Issues the City’s Property Tax Rates for the 2022 Tax Year The New York City Department of Finance has issued that the 2022 property tax rates are: Class 1 property – 19.963%, Class 2 property – 12.235%, Class 3 property – 12.289%, and Class 4 property…

Entry Audit

Entry Audit In an environment with changing regulations, the need for import/export transactions to meet compliance requirements is critical to success. Allyn experts review transactions to identify inaccuracies quickly and correct them appropriately. We review 100% of entries to verify the accuracy of transactions (including tariff classification, valuation, and origin…

2022 Tariff Schedule Will Contain Smartphones, Drones, and More

Starting in 2007 with the rollout of the first iPhone, smartphones have become increasingly integrated into the lives of the global population. A person can use a smartphone to communicate with the people they love, and to troll the people they don’t. They can find love by swiping right, order…

In Case You Missed It: Last Week in Allyn Tax News (November 1-5)

North Dakota Local Sales and Use Tax Rate Change Active January 1, 2022, the city of Richardton is increasing its sales, use and gross receipts tax by 0.5% and removing the $100 per sale maximum tax ceiling. This increase brings the tax rate to a total of 2.5%. There are…

Top Five Mistakes to Avoid in Property Tax

Tangible Personal Property Tax Overview Companies who have tangible business personal property or inventory located in the U.S. are required to file annual returns of such assets to local taxing authorities. The reported data includes asset cost and year of acquisition, as well as inventory value for states that tax…

A New Approach to U.S. China Trade Relationship

The U.S. Trade Representative (USTR) has laid out the Biden administration’s new approach to the U.S. trade relationship with China. With the goal of “creating a level playing field for the American workers, farmers, and businesses”, the administration has spent several months examining where the relationship between the U.S. and…

Allyn International Donate 372 Stuffed Animals to Children’s Advocacy Center

FORT MYERS, Fla. (October 25, 2021) – Allyn International (Allyn), a local supply chain consulting firm, has donated 372 Stuffed Animals to the Children’s Advocacy Center (CAC). CAC is currently experiencing a shortage of stuffed animals. The stuffed animals are given to the children who are working through tough situations,…

Rates Rise for U.S. Shippers by 5.9% for DHL

Due to inflation and an increase in investments, carriers are experiencing higher costs. These higher costs are causing many price hikes for various carriers including DHL and FedEx. Effective January 1, DHL will raise its rates by 5.9% to match the price hike of FedEx. This price increase will include…

Merchandise Processing Fee (MPF) 2021 Update

Per the CSMS #48938836 Message the US Customs and Border Protection (CBP) will be adjusting certain user fees on October 1, 2021. The minimum merchandise processing fee (MPF) will be increased to $27.75 from $27.23 and the maximum will be raised to $538.40 from $528.33. MPF is assessed by CPB…

In Case You Missed It: Last Week in Allyn Tax News (September 13-17)

Capital Equipment Exemption in Minnesota The Minnesota Department of Revenue has updated a fact sheet explaining the state's capital equipment exemption clarifying that purchasing agent agreements are not required for contractors to purchase capital equipment materials exempt from tax. Persons who buy or lease capital equipment for use in Minnesota…

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