| Introduction to IC-DISC - Last Remaining Export Tax Incentive |
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What is IC-DISC? IC-DISC is an acronym for Interest Charge - Domestic International Sales Corporation. It is the last remaining export incentive available to U.S. exporters. It has been around in its current form since 1984, but did not become popular until the Jobs and Growth Tax Relief Reconciliation Act of 2003 lowered the capital gains tax rate making it much more attractive for exporters. It is a domestic 'paper' entity that does not require employees, offices, or tangible assets. The actual entity is a C-corporation, typically incorporated in Delaware or Nevada, that elects to be treated as an IC-DISC and is governed under Internal Revenue Code §§991-997.
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Paradigm Partners Newsletter
March, 2009 |
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Greetings
Dear :
The purpose of our newsletter is to keep you informed and up-to-date on the latest regarding R&D Tax Credits, Cost Segregation, other tax related issues, Business Development and Personal Development.
If you find the Newsletter helpful, you may want to forward it to a friend. Just click below.

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R&D Tax Credit Studies for September/October Filings
If you are planning to complete an R&D Tax Credit Study in time for the September/October Tax filing deadlines, then now is the time to begin the study. By starting now, there won't be any last minute rush to complete the calculations and forms required for the tax filing. If you are interested in Paradigm helping you in this effort just call or email us. We look forward to assisting you.
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Solid Rules Can Ensure Success in Life, Business
Editor's Note: Today we present the second installment in a special submission from business performance improvement expert Laurence B. Valant. Larry has been a frequent contributor to our newsletter, and again today, we feature part of his new book, Stop Breaking These Rules! 100 Hard-Hitting Truths for Business Integrity and Performance. If you want more information or would like to order a copy of the wonderful new book, please visit www.valantco.com Reality 5 - Am I here for passion or for a paycheck?
Are you working because you care passionately or just because you have to be someplace?
People who care work with passion: They are recognized by pride in the quality of their work, joy in the successes of their company, sharing in achieving success together, helping someone else be successful, anger at not being able to do it right.
Those who must be someplace else can be seen watching the clock, being indifferent to others, not caring about success or failure, who are characterized by, "Why do your best when your worst will get you by?"
Do not waste one single day by just showing up for a paycheck. Find a work about which you can be passionate and then contribute because you care. Your passion will be apparent to those around you, but more importantly, you will find a personal fulfillment of working with passion toward goals about which you care.
Work is love made visible. And if you cannot work with love but only with distaste, it is better that you should leave your work and sit at the gate of the temple and take alms of those who work with joy. For if you bake bread with indifference, you bake a bitter bread that feeds but half man's hunger. And if you grudge the crushing of the grapes, your grudge distills a poison in the wine..... All work is empty save when there is love. Kahlil Gabran
Reality 6 - Never compromise quality - It won't get round in the box.
I once worked with a chief engineer of a large manufacturing plant who could solve problems others wouldn't attempt. Ron was German, U.S. Marine-like in appearance, and a brilliant and pragmatic engineer whose disciplined approach got wonderful results from his team.
True to character, Ron was a stickler for quality. When our product went into the carton for shipping, it had to be "right." He knew magic didn't happen once the brand name went on the carton. His often repeated statement was, "it won't get round in the box!"
Because of his resolve, Ron was our best customer service manager. He insisted that our customers receive the highest quality product when they opened our cartons. Because of Ron's leadership, our quality became legendary in the industry.
Ron's commitment to quality was more than a line on his job description it was his personal undertaking. His "it won't get round in the box" standard permeated our operation and became the mantra for all ranks of management and set the standard throughout the organization, from the machine operators to the plant manager. Not surprisingly, we had the best performance numbers in the entire Fortune 200 Company.
As a young professional, what did I learn from Ron? Make product quality a personal commitment. Never pass a problem or a decision regarding product quality to the next person in line. Own the quality issue for "it will never get round in the box!"
Reality 7 - Try not, do. "Try not. Do, or do not. There is no try." Yoda - The Empire Strikes Back Yoda's directions are unmistakable, don't try - do what has to be done.
Try implies "there is a chance I won't" or "I may fall short". If we set out to "try" we have already let ourselves off the hook since "trying" means I'm not responsible for the outcome. Yet, when we decide to "do," the result is typically success. As Yoda knew, outcomes are determined by our mindset.
Make the essential difference in your life by deleting the words "I will try" and by not accepting those words from anyone else - the difference will be remarkable.
Laurence B. Valant is President and CEO of Valant & Co., a business performance improvement consultancy that specializes in growing revenues and profits per partner in all businesses, especially accounting firms. He is co-author of the hot-selling new book, Make Plan! With Effective Execution and now, Stop Breaking These Rules! Valant can be reached at lvalant@valantco.com lvalant@valantco.com or at 303-589-3840. |
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Introductory Course on the R&D Tax Credit Incentive
This course is also eligible for 1 hour of CPE Credit.
Advanced R&D Tax Credit Incentive
This course is also eligible for 1.5 hours of CPE Credit.
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I hope you have benefited from our Newsletter. Do not hesitate to contact me if you have any questions about what you heard or read in this Newsletter.
Sincerely,
Mark Lauber
VP of Marketing
Paradigm Partners
281-558-1700 X-105
www.ParadigmLP.com |
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