Allyn Publications
Oregon’s Corporate Activity Tax
Posted on September 15, 2021. Category: Tax Publications
Did you know that several states have their own taxes unique to them that businesses must file in order to remain compliant? States such as Washington, Delaware, and Oregon have state specific taxes. Oregon’s Corporate Activity Tax (CAT) is a state specific tax that was signed into law in May of 2019 and became applicable to tax years beginning January 1, 2020.Oregon’s Corporate Activity Tax is a tax for the privilege of doing business in Oregon and is based on commercial activity in Oregon. This tax applies to commercial activity in excess of $1 million for all types of... Read More
Driver Shortage
Posted on September 10, 2021. Category: Logistics Publications
The transportation industry is highly aware of the truck driver shortage for some time now. The issue is still very relevant and has gotten worse within the past few years. A recent article stated that “in 2018 the trucking industry was short about 60,800 truckers, a shortfall that is expected to frow to 105,000 drivers by 2023 unless recruitment efforts improve. (Supply Chain Digest, 2021). This affects the whole line of supply chain, including pricing increases. TL and LTL shipment pricing has increased significantly within the past year, simply because of the lack of drivers across the United States. Many of the trucks are... Read More
$1.1 Trillion Infrastructure Bill is Government’s Latest Move on Cryptocurrency Taxation
Posted on September 09, 2021. Category: Tax Publications
The proposed infrastructure bill valued at just over $1 Trillion over a 5-year period has recently made its way through the senate1. The Bipartisan Infrastructure Deal is monumental and would make some of the largest federal investments in public transit, clean drinking water, bridges, and electrical vehicle infrastructure in the history of the United States. Unfortunately, these things are never as simple as they seem. Although the bill had bipartisan support with a voting of 67-32, it is still not fully out of the woods yet. The bill itself is over 2,000 pages in length and includes funding for some of... Read More
In Case You Missed It: Last Week in Allyn Tax News (August 30 - September 3)
Posted on September 07, 2021. Category: Tax Publications
Lawn Care in Arkansas: Taxable or Exempt?Lawn mowing services provided to a company that leases houses as vacation rentals are not subject to sales tax because these properties are considered to be residential property. The character of the property determines whether the lawn services are subject to sales tax.If both taxable and non-taxable services are provided to the same customer, the services should be separately stated on the invoice issued to the customer.From a business perspective, bundled transactions can make sense in order to appropriately advertise and sell products as well as to increase revenue. Also, bundled... Read More
Make or Break: Exemption Certificate Management
Posted on September 03, 2021. Category: Tax Publications
Generally speaking, sellers are required to charge sales tax on all transactions of taxable products or services, however, there are some exceptions. Some of the more common exceptions are when sales are made directly to the Federal Government, if the buyer intends to resell the item in question, or if it will become a part of a manufactured final product.In the United States, state sales tax rates vary from 4.44% to 9.55% depending on the State in question. There are a multitude of reasons including the previously mentioned as to why an otherwise taxable transaction may be considered exempt from... Read More
In Case You Missed It: Last Week in Allyn Tax News (August 23-27)
Posted on August 31, 2021. Category: Tax Publications
Items given as gifts by a Charitable Organization in Colorado: Taxable or Exempt?The Colorado Department of Revenue (CDOR) has issued a general information letter discussing sales and use tax on items given as gifts by a charitable organization. CDOR provides the general rule that charitable organizations engaging in the business of selling at retail are considered retailers and must collect tax on any retail sales made. However, a bona fide gift of tangible personal property is not considered a sale and sales tax does not apply to the act of gift giving.Instead, the gift giver is considered the... Read More
Coronavirus Update August 31, 2021
Posted on August 31, 2021. Category: Coronavirus Updates
Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Maintaining operational success is pivotal and planning ahead remains a critical component to avoiding some of the common pitfalls being experienced today. International transport can be challenging but continuing to compare carrier rates for each individual shipment, planning in advance, obtaining confirmation from your carriers and adding buffer transit time will all assist in making the right decision for... Read More
5 Things to Consider When Accruing Use Tax for Manufacturing Locations in Pennsylvania
Posted on August 31, 2021. Category: Tax Publications
The state of Pennsylvania exempts sales tax on the purchase of materials, equipment or services that are used directly in the manufacturing process according to state law. This manufacturing exemption sounds simple on the surface; however, it can be tricky and time consuming to determine the taxability of certain items. If an item is purchased under the exemption but falls outside of the state’s definition and scope of manufacturing, then the business may owe consumer use tax. Consumer use tax is complimentary to sales tax and is due when sales tax is owed but not... Read More
Saving Duties On Goods Returned
Posted on August 31, 2021. Category: Trade Publications
BackgroundItems are being shipped all over the world every second of every day. That large amount of trade can get costly with tariffs, duty rates, and other shipping costs. With all that spending, there must be some ways to save money on those shipments. Well, if your items are made domestically in the U.S. or were exported from the U.S. in the last 3 years, we advise you take advantage of the duty-free entry claim known as 9801.U.S. Customs and Border Protection recently announced an update to the regulations regarding the Goods Returned program under heading 9801 of... Read More
Coronavirus Update - August 24, 2021
Posted on August 24, 2021. Category: Coronavirus Updates
Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.Maintaining operational success is pivotal and planning ahead remains a critical component to avoiding some of the common pitfalls being experienced today. International transport can be challenging but continuing to compare carrier rates for each individual shipment, planning in advance, obtaining confirmation from your carriers and adding buffer transit time will all assist in making the right decision for... Read More