IC-DISC

When going global, you may qualify for IC-DISC, a significant tax incentive available to qualifying manufacturers, producers, resellers, and exporters of goods that are produced in the United States with an ultimate destination outside the United States.

Globig talks about the IC-DISC with Mark Griswold, a CPA (Certified Public Accountant) and International Tax Senior Manager at Eide Bailly, one of the top accounting firms in the US.

Mark has worked in a variety of industries, including international taxation, real estate, manufacturing and professional services. He has significant experience with IC-DISC, including compliance and commission calculations.

Topics we discuss include: 1. What is an IC-DISC? 2. What benefit does IC-DISC provide? 2. What types of businesses can take advantage of the IC-DISC? 3. How does it work? 4. How is the commission amount calculated? 5. What export sales qualify to be included in the commission calculation? 6. What are some items to consider when implementing an IC-DISC structure? 7. Is this something that needs to be set up every year or only once? Do you get the benefit every year? Does the company and share holders benefit?

Listed To The IC- DISC Podcast

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Episoder(68)

Imène Maharzi: The hard questions when fundraising & how to respond

Imène Maharzi: The hard questions when fundraising & how to respond

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Recruiting Effectively Despite Brexit

Recruiting Effectively Despite Brexit

After a long and arduous legal process, it appears that Brexit will finally become a reality this month. What does this mean for companies who are doing business in the UK - specifically, for those wh...

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International Contractor, PEO or Employee:  What’s Best For Your Global Business?

International Contractor, PEO or Employee: What’s Best For Your Global Business?

This Globig podcast focuses on some frequently asked questions about when a company should work with a contractor abroad, when a PEO is best, and at what point setting up a foreign entity and hiring a...

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Expats and Relocation - “Don’t Get Tripped Up On Expat Taxes”

Expats and Relocation - “Don’t Get Tripped Up On Expat Taxes”

Taxes are one of those things nobody is thinking about - especially when you are about to relocate abroad for an assignment. Instead, you’ll probably be thinking about the experience and how exciting ...

15 Nov 201929min

The New EU Timekeeping Ruling: Info And Impact

The New EU Timekeeping Ruling: Info And Impact

The new timekeeping ruling in the by the European Court of Justice (ECJ) has ruled that companies operating in the EU must set up a system that tracks and records the duration of time worked each day ...

22 Okt 201923min

Some Important Things To Know About Immigrating Into Foreign Countries

Some Important Things To Know About Immigrating Into Foreign Countries

Immigration is a complex topic. From getting a work visa, to hiring an immigration lawyer, to understanding how political and social change affects the law - there are many details involved in what ca...

26 Sep 201927min

Hiring In California: The CCPA Vs. The GDPR

Hiring In California: The CCPA Vs. The GDPR

Our latest podcast focuses on an important issue that is only going to gain more traction in the weeks and months to come: The California Consumer Privacy Act (CCPA). We interviewed Bill Armstrong, P...

12 Sep 201933min

Moving Fast Tech Podcast #2 - Sha Ma - Vice President of Engineering at GitHub

Moving Fast Tech Podcast #2 - Sha Ma - Vice President of Engineering at GitHub

In this podcast, we had the opportunity to speak with Sha Ma, Vice President of Engineering at GitHub, the world's leading software development platform. Ms. Ma delves into today's fast-moving, cuttin...

9 Sep 201918min

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