Allyn Publications
Coronavirus Update - April 6 2021
Posted on April 07, 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
Coronavirus Update - April 2
Posted on March 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.The global shipping industry took another hit this past week when the 1,200-foot container vessel Ever Given ran aground in the Suez Canal blocking the major ocean highway between Asia and Europe. Crews worked around-the-clock for six days to dislodge the vessel. As of last evening, ships began to move through the canal again without incident. It is expected... Read More
AI For Supply Chain
Posted on March 24, 2021. Category: Logistics Publications
Supply chain management (SCM) is vital in almost every industry today. Despite its importance, AI startups and suppliers do not value it as much as many other fields. However, given the large amount of data collected by industrial logistics, transportation, and warehousing, this is an area with great potential.As in any industry, the current focus on digitalization is transforming supply chain management. Improving the efficiency of the supply chain is very important for many companies. Since it operates within a slight margin, even the most minor improvement can significantly impact net income. For example, data analytics and machine learning... Read More
Coronavirus Update - March 23 2021
Posted on March 23, 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... Read More
The Great Nexodus: States Begin Abandoning Click-Through Nexus, Affiliate Nexus & Notice and Reporting Requirements
Posted on March 19, 2021. Category: Tax Publications
While economic nexus stole the nexus crown from physical presence, other nexus types are still in play even as the great nexodus unravels in state legislative houses. Businesses, in seeking to get their hands around economic nexus and strategizing to minimize tax liabilities and responsibilities, should take a step back to look at the forest of sales and use tax changes that continues to grow by the day. A survey of the full sales tax landscape reveals that while economic nexus is king, a groundswell of change is occurring with nexus types of click-through nexus and affiliate nexus as well... Read More
Comptroller of Maryland Extends Certain 2021 Tax Deadlines
Posted on March 15, 2021. Category: Tax Publications
Tax Alert 01-06-21 issued by the Comptroller of Maryland has extended due dates for certain tax types to assist individuals and businesses impacted economically by the Covid-19 pandemic. This is a similar extension to what was granted by the state of emergency issued by Governor Lawrence J. Hogan, Jr on March 5, 2020.The new extensions will only apply to tax types handled by the Comptroller of Maryland with original filing and payment deadlines from January 1, 2021 through April 14, 2021. Below is a summary of tax types where these extended deadlines have been granted. The full Tax Alert issued by Comptroller, along with... Read More
Can My Business Accept Cryptocurrency?
Posted on March 10, 2021. Category: Tax Publications
How blockchain payment technology is infiltrating core business practices and ways we can maintain tax compliance with its useCryptocurrency is a decentralized, digital form of currency that is designed to work as an alternative payment medium based on quickly emerging blockchain technology. Although there are over 5,000 different cryptocurrencies in circulation, Bitcoin is the most popular among these digital currencies and is the fastest-growing one to date considering the volume of trading and price valuation increases. Based on such characteristic’s cryptocurrency is seen as an investment capital asset, more akin to corporate stocks, rather than as a form... Read More
Coronavirus Update - March 10
Posted on March 10, 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.This week marks exactly one year since the World Health Organization declared COVID-19 a global pandemic. The world has been affected in ways only previously read about in history books. Every aspect of society has been required to adjust. From restrictions on the movement of people, business closures, virtual workspaces and schooling, vaccine distribution, increased demand for PPE... Read More
Voluntary Compliance Program For Retailers With Inventory in Pennsylvania
Posted on March 05, 2021. Category: Tax Publications
How Pennsylvania’s 90-Day Voluntary Compliance Program Can Save Your Business Years’ Worth of Taxes and PenaltiesThe Pennsylvania Department of Revenue is offering a limited time Voluntary Compliance Program for retailers who have inventory or store property in the state but are not registered to collect and remit Pennsylvania taxes. This program, which runs through May 8, 2021, offers a limited lookback period with tax and penalty relief when the business becomes and remains compliant.Businesses may choose to participate in the program and become qualified for the relief provided by completing the Physical Presence Activity Questionnaire either online... Read More
Coronavirus Update - March 2
Posted on March 02, 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.A recent report by Sea-Intelligence found that container line schedule reliability fell to its lowest level for the sixth consecutive month. The report, which covers 34 different trade lanes and more than 60 container lines showed the overall global schedule reliability for January at just 35%. Hamburg Sud performed the best at 47% while the worst performer was HMM at just 20% reliability, a 53%... Read More