As published in Accounting Today: Dave discusses how shareholder savings is the ultimate goal of IC-DISC ownership structure.

 

McGuire Sponsel identified an opportunity for a Kentucky-based company that machines automotive and heavy truck parts. The LLC had approximately $5.5 million in annual revenue, including about $2.6 million in international sales.

McGuire Sponsel, Ernst & Morris announce strategic merger

McGuire Sponsel identified an opportunity for a California-based plant that specializes in designing, manufacturing and installing farm equipment for different edible nut industries domestically and internationally. The S-Corporation had approximately $21.3 million in annual revenue, including about $6.5 million in international sales.

McGuire Sponsel identified a Tennessee-based hardwood manufacturer using the 4% of qualified export sales method to calculate its IC-DISC commission. The C Corporation had approximately $47 million in annual revenues, including $32 million in international sales.

An Interest Charge – Domestic International Sales Corporation “IC-DISC” provides a permanent tax savings opportunity for qualifying exporters.

Shareholder tax savings is ultimate goal of IC-DISC ownership structure

As published in Accounting Today: Dave discusses how shareholder savings is the ultimate goal of IC-DISC ownership structure.

Read more HERE.