I was recently featured in Minnesota Business Magazine’s “Gears and Gadgets | GuidePosts,” a resource for manufacturing business owners. In summary, for manufacturers and exporters there is an often overlooked tax advantage that you may want to consider. For qualifying companies, IC-DISC (Interest Charge Domestic International Sale Corporation) is a special tax benefit enacted by Congress to strengthen U.S. export sales. An IC-DISC can potentially offset operating income with lower taxed IC-DISC dividend.
To read my article, click here: Benefits of an IC-DISC: How Manufacturers and Exporters Can Determine If It’s Right for Their Business. Or, click the image below.
For more information or to discuss your specific situation please contact me.