Are There Different IC-Disc Options?
While we’ve introduced you to the basic history of the IC-DISC and how the program is utilized to help exporters maximize their potential income, we’ve really just started digging into everything there is to know about the program. Are there different IC-DISC options for you to choose from? With Export Advisors, there are. We’ll walk …
The Drawbacks of Trying to Implement an IC-DISC without Expert Help
Once you’ve done your research into the origins of the IC-DISC program and used our Potential Savings Calculator to learn just how much per year you could save by maximizing your after-tax income, you may feel ready to take on the task and set up your IC-DISC yourself. While we’ve met with businesses in the …
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What IS The IC-DISC, Anyway?
When discussing the IC-DISC and why it’s a great option for members of the export industry looking to maximize their potential tax savings, we find that the best place to start is by explaining just what the IC-DISC is and how it came to exist in the first place. In this short introductory post, we’ll …
Why CPA Firms Should Consider Using Export Advisors For the IC-DISC
Since the IC-DISC began as a financial incentive for exporters (and those whose transactions qualify as exports) that helps to maximize after-tax income, many exporters simply assume that if the IC-DISC is right for them, their CPA firm will handle it. The truth is, CPA firms often rely on businesses that exclusively focus on the …
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Why Don’t More Business Owners Use the IC-DISC Program?
In our previous posts, we’ve walked you through the details of the IC-DISC program, a financial incentive for exporters, as well as the program’s history and the different options available. After reading our blog posts, you may be wondering why more business owners aren’t taking advantage of the IC-DISC program. The answer is a simple …
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the IC-DISC Is an Exporter’s Dream Come True
The technology that fuels our economy continues to change, with increased efficiencies allowing for exporters to work in a truly global marketplace. While this has been a positive as a whole, it’s also led to serious competitiveness in the industry. Maintaining a successful business in the export industry takes some serious grit and determination, and …
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Urgent Action Needed to Save IC-DISC
Under both the House and Senate versions of the Tax Reform Bill presented last week in Washington, one thing is clear: Businesses organized as pass-through entities are going to see their taxes increase. The S Corp Washington Wire lays out all the ways in which pass-through entities are hurt by this proposed tax bill. There …
IC-DISC News Update
We have some great news to share. Based on the House and Senate bills that were submitted last week, the IC-DISC appears to still be a viable tax savings vehicle for the foreseeable future. But one area of confusion that we do want to address is that of the corporate tax rate. Many owners of …
IC-DISC Maximization – Not All Calculations are Created Equal
If you have not fully maximized your IC-DISC commission deduction, you could be leaving significant tax savings on the table that you are entitled to. Maximizing the IC-DISC commission is usually synonymous with performing a Transaction by Transaction (TxT) calculation. What is a TxT calculation and are all TxTs the same? As you can likely …
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