EXPORT ASSIST

Since 1982 Export Assist has been the leader in providing export tax benefit programs.

As a third party provider, Export Assist will help you to maximize export tax savings, increase revenue, and reduce costs.

IC-DISC

An Interest Charge Domestic International Sales Corporation, or IC-DISC, provides a permanent tax savings opportunity for qualifying U.S. exporters. An IC-DISC is not a tax shelter. It’s an incentive specifically provided by the tax code that allows U.S. exporters to increase their ability to compete globally by reducing U.S. tax liabilities. It is a statutory entity designed solely for the purpose of realizing export tax savings.

HOW DOES AN IC-DISC WORK?

An IC-DISC creates permanent tax savings by transferring income from the exporter to the tax exempt IC-DISC through an export sales commission. The IC-DISC commission payment reduces the exporter’s taxable income, thus reducing tax liability by the marginal tax rate of the commission amount. An IC-DISC commission is taxed at the qualified dividends rate only when distributed to shareholders as dividends. The transfer of income to the IC-DISC creates a permanent tax rate arbitrage on the export sales commission of 15 to 18 percent.

BENEFITS OF AN IC-DISC

Increase liquidity

for shareholders or businesses.

Supply ongoing financing to reduce cost of capital.

An IC-DISC is not required to distribute all commission income to shareholders. In some cases, income can be loaned back to the exporter creating tax deferment and working capital.

Create management and employee incentives

for IC-DISC shareholders.

Create a tax-advantaged vehicle for succession or estate planning.

Income can be transferred to the IC-DISC tax free and then distributed in a tax-advantaged manner to shareholders. The distribution can provide funding for buyouts, or create a vehicle to transfer wealth at reduced effective tax rates.

Eliminate double taxation

for C-Corporations and defer taxes.

MANAGEMENT, TAX AND ADMINISTRATIVE SERVICES

Preparation of compliance reports,

Preparation of compliance reports,

other tax filings and/or tax returns as needed

General ledger accounting,

General ledger accounting,

preparation of trial balances, and workpaper maintenance

Bank account management,

Bank account management,

commission and distribution processing, and similar treasury related oversight

Maintenance and storage of all corporate records

Maintenance and storage of all corporate records

including original incorporation documentation, supplier agreements, corporate minute books, loan documentation, and all other corporate documentation

Incorporation and entity creation services,

Incorporation and entity creation services,

including the dissolution of prior IC-DISC entities

Corporate management and governance oversight,

Corporate management and governance oversight,

including the management and hosting of shareholder, board and management committee meetings whenever required

ADDITIONAL SERVICES - COMPLETE OFFICE FACILITIES AND SERVICES

  • If desired, additional services can be provided including subleased office space for our IC-DISC clients to have a secure, exclusive business office address.
  • The subleased office space is accompanied by the use of conference room facilities as may be required.
  • Telephone service and answering service are also arranged, as well as mail forwarding services.
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LeadershipTeam

Mark O’Dell, CPA - Principal

Mark O’Dell, CPA - Principal

Mark O’Dell has a wealth of skill and knowledge in the areas of international corporate taxation and mergers and acquisitions. He brings more than thirty years of experience to the table as a corporate tax director and/or corporate tax manager for several publicly-traded multi-national companies, both U.S. and foreign-owned. O’Dell has been involved in numerous mergers and acquisitions transactions, both as the company being taken over and the absorbing entity. Having spent years working throughout Europe, he is now eager to translate his multi-national corporate experience to assist smaller U.S. firms that could benefit from his knowledge.

Tedder Schwarz, CPA - Principal

Tedder Schwarz, CPA - Principal

As a Certified Public Accountant, Schwarz uses his knowledge in different disciplines to reduce clients’ overall tax burdens and manage all aspects of the IC-DISC compliance process. Working with a variety of industries, he is able to recognize opportunities and find ways to reduce exporter’s taxable income. Schwarz partners with clients to form new IC-DISC entities, run commission calculations, and increase the overall export tax savings opportunity.

Joseph G. Englert Jr.

Founder

1945-2015

 

Englert became well known as the leader in export tax and finance management services where he focused on assisting U.S. exporters to improve the financial return on their export portfolios. He achieved this by financing export transactions, maximizing export tax benefits on a corporate and shareholder level, and performing turnkey implementation and management services for export finance corporations and Interest Charge Domestic International Sales Corporations (IC-DISC).

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ContactUs

101 California Street, Suite 2710 San Francisco, CA 94111 USA
Tel: (415)398-1446

201 N. Illinois St. Suite 1000, Indianapolis, IN 46204
Tel: (317) 564-5000 Fax: (317) 564-5020