By Dean Zerbe, Forbes.com
“Sounds too good to be true.” It is the understandable reaction by business owners and accountants when they first hear about the export tax incentive for small and medium manufacturers known by the shorthand of “IC-DISC” — (Interest-Charge Domestic International Sales Corporation [IC-DISC]. The terrible name is probably one of the reasons many people aren’t aware of this tax incentive).
Fortunately, the tax savings are true. Unfortunately, while over 6000 small and medium businesses take advantage of the tax incentives of the IC-DISC, thousands more that are eligible are failing to do so.