Oil Tool Manufacturer IC-DISC

A Miami-based manufacturer of high-pressure, high-temperature (HPHT) completion tools for the oil industry engaged McGuire Sponsel in optimizing its export incentives.

Exporters seeking to maintain competitiveness must consider IC-DISC structuring, especially as domestic tax incentives and rate regimes shift under the One Big Beautiful Bill.

In the post-OBBBA environment, foreign reporting obligations, cross-border audits, and compliance risk demand greater vigilance.

Cross-border business remains one of the most complex and high-stakes advisory areas. As the One Big Beautiful Bill Act introduces changes affecting corporate tax structures and international flows, transfer pricing is more strategic — and more scrutinized — than ever.

Host Jerry Hammel, CPA, is joined by Catherine Yuan, CPA, to discuss the essentials of international tax compliance for business leaders.

As the federal tax landscape continues to shift under the One Big Beautiful Bill Act and its ripple effects, CPAs face a critical moment: how to balance proactive planning with compliance while strengthening their advisory role.

The IRS and Treasury plan to roll back Disregarded Payment Loss (DPL) and Dual Consolidated Loss (DCL) rules after industry pushback. Learn how these proposed changes could ease compliance burdens, affect international tax planning, and what CPAs and advisors need to know before the October 21, 2025, comment deadline.

The G7 has backed a side-by-side framework that treats U.S. rules like GILTI and NCTI as equivalent under OECD Pillar Two, shielding U.S. companies from foreign top-up taxes. For CPAs, this development simplifies compliance and modeling while underscoring the need to monitor OECD implementation closely.

The One Big Beautiful Bill replaces the FDII deduction with a streamlined Foreign-Derived Deduction-Eligible Income (FDDEI) regime. While the changes simplify compliance and remove certain offsets, they also reduce the deduction rate and expand exclusions, prompting CPAs to revisit export-focused tax planning.

Host Tim LeMasters and guest Jason Rauhe, CPA, dive into the complexities of the new One Big, Beautiful Bill (OB3) and its shifts in US international tax law.