Inside Manufacturing

  INSIGHTS FOR MANUFACTURERS

JANUARY 6, 2016   

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Director of Manufacturing & Distribution
David Glennon
888.510.2687 

 

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Eide Bailly is a top 25 CPA firm in the nation, serving more than 850 manufacturers, ranging from food processors and household products to machinery, electronics and fabricated products.

Inside Manufacturing is published on a regular basis to keep our clients and business friends informed on current news.
Understanding the Benefits of an IC-DISC: Is it Right for You?
 
By: Mark Griswold
 
Recently, more companies in the manufacturing industry are becoming involved in foreign transactions, including exporting. However, many are not aware that they can improve their cash flow and reduce their U.S. tax liability through the use of the IC-DISC export tax incentive. An Interest-Charge Domestic International Sales Corporation, more commonly known as an IC-DISC, is a federal tax export incentive entity structuring available for U.S. companies that export goods and services to foreign countries. An IC-DISC creates the opportunity to tax a portion of export related profits at lower tax rates, and to potentially defer export related income to future tax years.

Click here to read the full article.

   

 

 

Mark Griswold  

International Tax Manager 

303.384.3044
mgriswold@eidebailly.com 

   

 

 

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