Tax Savings for Distributors
Tax Solutions for Seafood
Unlock tax savings for seafood exports worldwide.
Call Us: 857.453.1005
IC-DISC Benefits
Unlock Tax Advantages for Seafood
Seafood companies can save on taxes with IC-DISC. Export Tax Management helps maximize profits on seafood exports, boosting your bottom line. IC-DISC reduces tax burdens for seafood businesses on export income, covering products delivered internationally.
Export Tax Management provides expert support for IC-DISC setup and compliance, ensuring maximum savings on your seafood exports.
Call Us: 857.453.1005
Tax Relief
Strategic Solutions
Navigating tax challenges in seafood exports requires targeted strategies. Our expert CPAs craft tailored tax plans for seafood companies, reducing export tax burdens and ensuring compliance. From structuring export operations to managing international transactions, we help protect profits and support growth.
We ensure compliance with export tax standards, minimizing risk and optimizing your tax position for sustained success in global seafood markets.
Call Us: 857.453.1005
Our Services
What We Provide
Export Tax Management assists seafood businesses in unlocking export tax savings with IC-DISC.
IC-DISC Consultation & Qualification
Expert analysis to uncover and improve export tax benefits.
IC-DISC Formation & Compliance
Thorough IC-DISC setup and compliance for optimal tax savings.
Ongoing IC-DISC Management & Optimization
Ongoing IC-DISC oversight to boost export profitability.
IC-DISC Tax Filing & Reporting
Streamlined IC-DISC tax filing and reporting, so you can concentrate on growth.
Free Download
Mastering IC-DISC: Your Guide to Unlocking Export Tax Savings
Download our free resource to understand how you can utilize IC-Disc services to maximize your export tax savings.
IC-DISC Eligibility
Is Your Business Qualified
for IC-DISC Savings?
Seafood companies qualify for IC-DISC if their exports are delivered outside the U.S. Export revenue must meet IC-DISC requirements, and proper documentation is essential to maximizing tax savings on eligible seafood products.
US Department of Commerce
IC DISC Explained
Hear from Owner/Founder, Paul Ferreira, CPA as he talks through the IC DISC and how architects and engineers can increase their bottom line.
Maximize Saving
Tax Savings for Seafood
IC-DISC benefits help seafood companies save on federal taxes for international sales by lowering the tax rate on export income, enhancing cash flow, and enabling reinvestment in business growth. This allows companies to expand their global market reach, improve profitability, reinvest in operational efficiency, and strengthen their competitive position in the international seafood industry.
Export Tax Management
Why Choose Us?
IC-DISC Expertise
Years of IC-DISC expertise driving maximum tax savings.
Tailored Strategies
Customized tax strategies crafted to align with your business goals.
Compliance Assurance
Ensuring full compliance to reduce tax-related risks.
Proactive Support
Ongoing, specialized guidance to maximize export profits.
Your Questions Answered
IC-DISC Questions
Quick answers to questions from seafood exporters
What is IC-DISC, and how does it benefit seafood exporters?
IC-DISC (Interest Charge Domestic International Sales Corporation) is a federal tax incentive designed to reduce the tax rate on export income. For seafood exporters, IC-DISC can result in significant tax savings, enhancing profitability and cash flow for reinvestment into the business.
Which types of seafood products qualify for IC-DISC benefits?
IC-DISC benefits apply to domestically produced seafood products that are directly exported outside the U.S., including fresh, frozen, canned, and other processed seafood items. Exported products must meet IC-DISC criteria to qualify for tax savings..
How much can seafood companies save with IC-DISC?
Savings vary based on the volume of qualifying export income. Typically, IC-DISC allows companies to apply a lower tax rate (the dividend rate) on export income instead of the ordinary income rate, resulting in potentially substantial savings for seafood businesses.
Can small seafood companies qualify for IC-DISC?
Yes, IC-DISC is available to companies of all sizes. As long as the seafood export business meets IC-DISC criteria for foreign sales, small and large companies alike can take advantage of the tax benefits.
What documentation is needed to set up an IC-DISC for seafood exports?
Setting up an IC-DISC requires documentation, including proof of qualified export income, records of foreign delivery of seafood products, and adherence to IRS compliance guidelines. Proper documentation is essential to maximize tax savings and ensure eligibility.
Does IC-DISC apply to seafood sourced domestically but exported abroad?
Yes, as long as the seafood products are initially processed or grown in the U.S. and ultimately delivered outside the country, they can qualify for IC-DISC benefits.
How can IC-DISC improve cash flow for seafood businesses?
By reducing the tax rate on qualifying export income, IC-DISC frees up additional cash for seafood exporters. These savings can be reinvested in operations, inventory, or market expansion, thereby supporting growth and strengthening cash flow.
Is IC-DISC challenging to set up?
The setup process requires specific documentation, compliance, and an understanding of IRS requirements. However, Export Tax Management provides complete support for IC-DISC setup and ongoing management, simplifying the process for seafood exporters.
How often does an IC-DISC need to be maintained?
IC-DISC entities typically require annual renewal, including yearly tax filings to maintain compliance and continue receiving export tax benefits. Proper maintenance helps maximize long-term savings.
Why should I choose Export Tax Management for IC-DISC?
With over 25 years of experience, Export Tax Management offers specialized IC-DISC services tailored to seafood exporters. Their expertise ensures compliance and helps maximize export tax savings, allowing businesses to focus on growth.
