Sara Stubler CPA
By MarksNelson on January 30, 2018As a business owner, you want to be sure you are taking advantage of every potential tax savings opportunity. One such opportunity is for those businesses which export items that are 50 percent or more manufactured in the U.S. If you meet that requirement, you may qualify for as much as 15% to 20% in tax savings by setting up a separate business entity called an Interest Charge Domestic International Sales Corporation (IC-DISC). IC-DISCs can work with C-corps, S-corps, LLCs and partnerships.
By MarksNelson on November 21, 2017Selecting the correct legal and tax entity type is one of the most important building blocks for any business. When it comes to liability protection and optimizing tax outcomes, choosing the right entity classification can make a world of difference.
By MarksNelson on July 31, 2017After months of uncertainty, a controversial tax plan is dead. Last Thursday, Trump administration officials and top congressional lawmakers said in a joint statement the border-adjusted tax will no longer be part of the ongoing negotiations for tax legislation.
By MarksNelson on June 8, 2017The Trump administration plans to hold more than a dozen "listening" meetings over the next few months with business leaders on tax reform. The White House released its one-page plan back in April and hopes to have a more detailed plan for Congress later this summer. Meanwhile, one component remains front and center —the border adjustment, a proposal to change the ways goods and service are taxed depending on where they are manufactured and where they are consumed. Let’s take a closer look at what is being proposed and what effect it might have on U.S. companies.
By MarksNelson on January 9, 2017Owners occasionally borrow funds from their businesses. If your company has extra cash on hand, a shareholder loan can be a convenient and low-cost option — but it’s important to treat the transaction as a bona fide loan. If you don’t, the IRS may claim the shareholder received a taxable dividend or compensation payment rather than a loan. Here’s more information to protect shareholder advances from IRS scrutiny.
By MarksNelson on October 26, 2016Kansas City manufacturers are poised to do great things for the area in the next few years and beyond. How does the industry attract the right people and plot out the course to get there?
By MarksNelson on November 3, 2015The merger and acquisition market is picking up along with the performance of the manufacturing sector. If you’re planning to buy or sell soon, you’ll need to negotiate more than just the selling price. This article discusses how deal structure can have a major impact on expected cash flow and exposure to potential liabilities after the dust settles.
By MarksNelson on October 27, 2015Manufacturers and distributors who export products should consider the use of an interest charge domestic international sales corporation (IC-DISC) to reduce their tax burden. This article answers some frequently asked questions about this strategy.
By MarksNelson on August 30, 2015The Bureau of Economic Analysis (BEA) is a division of the US Department of Commerce, and is requiring that any US person who had a foreign affiliate at any time during their 2014 fiscal year must file a Benchmark Survey of US Direct Investment Abroad (Form BE-10). A direct or indirect ownership or control of at least 10 percent of the voting stock of an incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise, triggers the need to file.
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