Returning Value Blog

Should auld tax rulings be forgot, and new ones take their place, we’ll give a cup of good advice, to help our clients keep pace.

Designed to encourage investment in innovation, R&D tax credits can sometimes be overlooked by fabricated metals products manufacturers, when in fact they are accessible to many small- and medium-sized manufacturers in the sector. It’s important to note that a company need not necessarily be producing an end product to qualify. Often, fabricated metals producers are engaging in projects aimed at implementing design, manufacturing or process improvement at the parts level. While many may not feel that such projects fall under the scope of R&D, many of the investments in improvement made by fabricated metals manufacturers to stay competitive in fact qualify as R&D from the government’s perspective.

As another year draws to a close, the tax moves you make or don’t make, can have a significant impact on your 2015 tax return. Fortunately, there are plenty of tax-saving opportunities available to individual taxpayers, even if certain tax provisions are not resolved until the waning days of the year. Here are seven ways you may be able to reduce your tax bill for 2015.

The summer is not just the season for recreation and relaxation. It can also be the time to reduce your 2015 tax liability. Here are eight prime examples for individuals and small-business owners:

The U.S. manufacturing industry is in the midst of a comeback. Manufacturers are gladly shifting from securing demand to meeting demand. However, reworking the U.S. transportation infrastructure is essential to the success of this progress.

What to Look For

If you’re the owner of a profitable operating business selling into foreign countries, and most of your production costs are in the U.S., you may have an opportunity to gain considerable tax savings.

The Opportunity

Since the passage of the Jobs Act of 2004, any U.S. company that directly exports goods it manufactures here may create an Interest Charge (IC) Domestic International Sales Corporation (DISC), or IC-DISC, to act as the “selling agent” for your operating business. What does this mean? An IC-DISC is an underutilized tax incentive that is “the bucket of money in the parking lot.”

Leadership Successions Can Shake The Success of a Business for Decades

A company’s next leader may already be on the company’s leadership team, in which case it may seem that the leader has all the right attributes. But being on the leadership team is vastly different than being the leader of the team. As Abraham Lincoln said: “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”