Here Is the Entrepreneur's Guide to Evaluating the Tax Advantageous IC-DISC You already know you are paying too much in taxes. You are being taxed at 40%, or more, because of the tax increases of 2013. If you export goods, you may not know or understand how using an IC-DISC can potentially reduce your tax liability by hundreds of thousands of dollars annually.
That's where we come in. We help export business owners just like you determine if they are eligible to take advantage of the IC-DISC, which could translate into substantial tax savings for your export business.
Step 1: Invest 5 minutes by taking the IC-DISC Qualification Assessment on page 19 to see if your export business is a fit for the IC- DISC. Less than 1% of companies in the US are a match.
Step 2: If you score 60 or higher on the assessment, we work with you to help you complete a no-cost feasibility study to estimate your tax savings.
Step 3: If you decide to move forward with an IC-DISC, we manage the details. We work with your in-house accounting team as well as your CPA firm to implement the paperwork necessary to take advantage of the IC-DISC tax savings. We manage all the paperwork filing to increase the likelihood that your IC-DISC is in compliance and continues to enjoy the maximum allowable tax savings.
Most business owners are either not aware of the benefits of an IC-DISC or think it takes too much time to be worth it.
Now you can find out if you are a candidate, in the amount of time it takes to drink a cup of coffee.
If you'd like us to help, just send an email to dspray@exportadvisors.com and we will take it from there.
About the Author: David A. Spray is a serial entrepreneur with more than 25 years of business experience. He formed Export Advisors, Inc. because he saw the need for a firm that would provide a unique value proposition for companies that were considering an IC-DISC. Although other CPA firms and general tax consulting firms "dabble" in the IC-DISC program, Dave was aware of no firm that focused solely on being an IC-DISC Partner.
Given the complexity and unique nature of the IC-DISC, he believed that a need existed for a firm that focused solely on the IC-DISC. Additionally, he felt that the prevailing fee structures offered by the existing providers were not financially compelling for business owners considering an IC-DISC.
Aside from owning a firm that focuses solely on the IC-DISC, Dave is unique in that he also personally owns a number of IC-DISCs. Thus, he brings a unique perspective to his clients because he literally stands in their shoes every day as a fellow IC-DISC owner.
Dave's passion is to add substantial value to entrepreneurs who own privately-held companies. Such value is delivered by Export Advisors as well as another company he owns, the Capitalist Corporation. His goal by 2035 is to add more than $1 billion in value to successful entrepreneurs. Through 2015, his team has added more than $100 million in value to several hundred entrepreneurs.
Dave received a Bachelor's of Accounting from the University of Texas at Austin in 1987, and an MBA from the University of Houston in 1991. He became licensed as a CPA in Texas in 1989.
Dave's unique ability is to create compelling value propositions that add bottom-line value to entrepreneurs. Part of what makes these propositions compelling is that they usually involve zero financial risk to the entrepreneur.
Dave is married to Christine and lives in Houston. Their passions away from work are cycling and climbing mountains.