Canton, MA (March 1, 2016) Gray, Gray & Gray, LLP’s Director of Tax Derek B. Rawls, CPA, MST, will be a featured speaker at the upcoming Global Business Forum presented by the McLane Middleton law firm on Tuesday, March 15, 2016. Derek will present on the IC-DISC (Interest Charge Domestic International Sales Corporation) export incentive as a potential tax savings for closely held manufacturers and distributors.
During the seminar, Derek Rawls will provide insightful tax planning strategies for clients in a wide range of industries, with both domestic and international operations. “An increasing number of closely held companies are using the often overlooked IC-DISC provisions of the Internal Revenue Code intended to help U.S. companies compete internationally,” said Rawls. “However, many companies are not utilizing this federal government incentive, or not capturing all of the available, intended and allowable benefits,” he went on to say.
Additional presenters including Julia Schappals, an attorney at McLane Middleton, and Matthew Bock, a partner at Middleton & Shrull, will cover topics ranging from review of customs basics to duty reduction strategies, duty relief strategies, IP issues arising on import, contractual provisions for invoicing, payment and currency risk, tax duty and transfer pricing cautions, and validity of re-export restrictions.
About Gray, Gray & Gray, LLP
Based in Canton, Massachusetts, Gray, Gray & Gray, LLP is one of New England’s leading independent accounting firms, and has been ranked among the Top 200 accounting firms in the U.S. by INSIDE Public Accounting magazine. The firm serves closely held companies in a broad range of industries. Gray, Gray & Gray is a member of CPAmerica International, a global association of independent accounting firms. For additional information, call (781) 407-0300 or visit www.gggcpas.com.
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