tax incentive | TaxConnections

14 Jul 2016

Focus On Idaho And Their Tax Climate

This month, we travel west to Idaho, the 14th largest state in the U.S. Known for its mountainous landscapes, vast swaths of protected wilderness and outdoor recreation areas, Idaho is bigger than all of the New England states combined. Boise, the capital and largest city, is set in the Rocky Mountain Foothills and is bisected by the Boise River, a popular destination for rafting and fishing.

Written by Monika Miles | Posted in State Tax • Tax 2016 • Tax Education • TaxConnections

22 Sep 2015

Watch How An IC-DISC Can Benefit Companies With Export Income

Closely held companies that export have a tax-savings opportunity by creating an Interest Charge–Domestic International Sales Corporation (IC-DISC).

The IC-DISC is a creature of the Internal Revenue Code that provides a significant tax incentive for business owners who manufacture and export. Small to mid-size businesses can set up a separate corporation that elects to be treated as an IC-DISC.

Watch Video Below:

Connect With Doug Eckert.

Written by Doug Eckert | Posted in IC-DISC

08 May 2014

Dealing With Research And Development Incentives In Washington

In the most recent Washington legislative session, lawmakers declined to extend several important research and development (R&D) tax incentives in Washington. The High Technology B&O Tax Credit for R&D Spending and the High Technology Sales and Use Tax Deferral/Waiver, will expire December 31, 2014. While there is some possibility these incentives will be restored in 2015, taxpayers should proceed as if these incentives will expire permanently at December 31, 2014.

Many taxpayers know of the high technology B&O tax credit, which provides a B&O tax credit of roughly 1.5% of taxpayer’s research and development expenditures. Although not as well known, the high technology sales and use tax deferral is also a valuable incentive to high-technology businesses investing in research and development facilities. Although the Read More

Written by Ron Bueing | Posted in R&D Credit Services

10 Sep 2013

SFC Blank Slate Project 2013 – Senator Cantwell’s Suggestions

As noted in my 9/9/13 post, I’m going to summarize and analyze proposals senators offered to the Senate Finance Committee, and that the senator made public. In no particular order, the first set of suggestions I’m commenting on are from Senator Cantwell (D-WA) (7/26/13 letter). Senator Cantwell is a member of the Senate Finance Committee.