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.
Tuesday, November 19, 2013
What is required to ship charity goods to the Philippines?
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
X no unit required
and pharmaceutical X no unit
X no unit required
footwear and headwear)
articles, not elsewhere X
no unit required
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: firstname.lastname@example.org or FTDregs@census.gov.
Monday, November 18, 2013
Small Business Saturday
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.