Small Business Reading Room


Friday, November 22, 2013

EIN Processing Delays Over!



The US government shut down has been over for a few weeks now, and the IRS staff seems to have caught up from the backlog of requests.  We are happy to report that EIN applications are now being processed in a timely manner again.  
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Tuesday, November 19, 2013

What is required to ship charity goods to the Philippines?



On Friday, November 8, 2013, super typhoon Haiyan hit the Philippines. Many U.S. residents and organizations are generously donating food, water, medicines, and other supplies to aid in the relief efforts. In order to facilitate the movement of these goods, the following guidance is offered and applies to goods not requiring a license, such as food, clothing, and medicines.

There are four Schedule B numbers that can be used when exporting humanitarian goods.  Those numbers are found in Chapter 98 of the Schedule B Manual, under the subheading 9802.

   Schedule B               Description                                         Unit of measurement
 
   9802.10.0000          Food Products                                      X no unit required
   9802.20.0000          Medicinal and pharmaceutical            X no unit required
                                      products
   9802.30.0000          Wearing apparel (including                 X no unit required
                                      footwear and headwear)
   9802.40.0000          Donated articles, not elsewhere         X no unit required
                                      specified
 
Any commodity valued over $2,500 per Schedule B number or that requires a license must be filed in the Automated Export System (AES). However, if the commodity is valued less than $2,500 per Schedule B number and does not require a license, then the low value exemption (NOEEI 30.37 (a)) can be used. In this case, food, clothing and medicines do not require a license; however, medical equipment and tools may require an export license.

The Export Information Code to be reported is “CH” or “CI” for shipments of goods donated for relief or charity. The value to be reported is the market value.  If the value is not known, estimate how much you would receive if you sold the goods. The value should be consistent with the goods being exported, to avoid confusion and possible delays with the U.S. Customs and Border Protection officer at the port of export.

There are different ways to file your export information. The most common is to report through the U.S. Census Bureau's free Internet based filing system called AESDirect which can be accessed at:  http://aesdirect.census.gov/ .
Another option is to file with a forwarder or agent who may be more familiar with export licensing and regulations.

The Census Bureau staff is available to help make the process as smooth as possible. If you need more information, contact us on 800-549-0595. Select Option 1 for help with the AES, Option 2 for Classifications, and Option 3 for Regulations. You can also send them an e-mail at: askaes@census.gov or FTDregs@census.gov.


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Monday, November 18, 2013

Small Business Saturday





November 30th will be the fourth observance of Small Business Saturday.  Originally conceived and promoted by American Express, it provides us with an opportunity to help those in our communities. 

 
52% of proceeds from sales at locally owned, independent businesses, stays in the local community.  This helps to support local organizations and services. 


The U.S. Small Business Administration provides additional resources to help you to make the most of your Small Business Saturday adventure, while giving you helpful tips to stretch your holiday budget...all while contributing to the well-being of your community.  Track your and others’ experience through Facebook’s Official Small Business Saturday page.
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