Showing posts with label Tax Benefits. Show all posts
Showing posts with label Tax Benefits. Show all posts

Saturday, September 20, 2008

Research & Development Tax Credits | AmCorp Management's Advanced Recovery


The US Government announces today that the IRS currently holds over $30,000,000,000 (Billion) dollars in unclaimed tax overpayment from the Research & Development (R&D) tax Credit program.


As many Corporate manufacturing businesses throughout the United States are becoming aware of the R&D tax credit, it's defined to more that just Research & Development. Also it is Experimental, and not just limited to manufacturing companies.


In today's high demanding world, many software companies overlook this valuable tax credit. Recently AmCorp Management has identified areas that many industries qualify for the research & Development Tax Credit but don't know they are available or even know how to take advantage of them.


The reality is that ANY business that invests in developing or Improving a process or product, may be eligible for addition Tax credits at the Federal and State levels. As an example, lets say your a Software company that needs to remain competitive in the market place, and has dedicated resources into improving your software's viability. Of course depending upon what you spend is really insignificant, it is that you improved a process or a product to remain competitive.


Under these guidelines, you may be able to take additional deductions over and above the deductions you already take. It's surprising that over 80% of manufacturing and businesses involved in improving processes and products don't take full advantage of the Research & Development Tax Credit program.


In my Experience by working with AmCorp Management, it is the lack of knowledge with most CPA's concerning the Tax Code in these areas. Would it surprise you that the Research & Development Tax Program is heavily embedded in over six thousand pages of the Tax Code?


I guess when Albert Einstein said, " The hardest thing in the world to understand is the income tax", he wasn't kidding. If you have any questions concerning the R&D Tax Credit program, and it your company is eligible to receive a cash windfall, give me a shout...It might Just be the most profitable call you've ever made.

Monday, August 18, 2008

Corporate Tax Credits | Available EIE Tax Credits & IC-DISC Tax Program Are Creating WINDFALL'S in Today's Economy


In today's corporate business world, AmCorp Management has found many executives are unaware of the incredible benefits the EIE Tax Credit & IC-DISC Tax Credit Programs can be for American Exporters and Manufacturers. New statistics reveal the IRS currently holds over $30,000,000,000 (Billion) dollars in available tax credits that haven't been claimed.



Most exporting and manufacturing businesses in the United States don't realize that the EIE Tax Credit is being phased out of the US Tax Code, and their is still time to capture most of those revenues. According to AmCorp Management statistics, 80 to 90 percent of manufacturing and businesses involved in exports fail to fully utilize the EIE Tax Credit, IC-DISC Tax Credit and the R&D (Research & Development) Tax Credit programs.



What is the EIE Tax Credit? The Extra-territorial Income Exclusion was signed into law by President Clinton in Nov 2000 that provides US Exporters significant permanent tax savings on qualified exports of American goods. This tax credit was revamped by congress in 2003 and is now preeminently phased out as an export Tax credit. The IC-DISC is the only permanent tax credit being allowed now. Apparently the World Trade Commission is not challenging the Tax credit due to the complexity and compliance of it.


What most exporters don't know is that the EIE & IC-DISC tax credit programs were designed to assist smaller US businesses with tax advantages for export revenues. Unfortunately most CPA firms overlook the full potential of these credits due to the complexity of the tax code in these areas.


You don't think that the IRS tax code being over 67,000 pages long has anything to do with them keeping over $30,000,000,000 (Billion) a year in overpaid taxes do you? That's the real problem! Most CPA firms don't have the capacity or the depth to do a thorough finalization of the EIE & IC-DISC Tax credit programs under the Federal and State laws.




Most regional and local CPA firms concentrate on compliance, and they focus on audit, which really only takes up about 5 to 10 percent of the available credits. The reality is, CPA's are a lot like doctors, in the medical field, your doctor can handle most health issues that arise, but if you walked in to your doctor with a blood shot eyes complaining of chest pains and your left arm being numb, they'd immediately refer you to a "specialist" for your problem. That's what AmCorp Management is, Specialists in the Tax Code concerning Export and Manufacturing tax programs.


The recovery of these tax credits represent a cash windfall opportunity. Would it surprise you to know that AmCorp Management maintains a 100% success rate for those businesses qualified by their free feasibility study? With average refunds between $300,000 to $700,000 dollars, it's very easy to see why AmCorp Management leads the Nation in Revenue Recovery.



If your business is involved in Exporting or manufacturing, chances are your entitled to receive significant cash rewards. If you haven't heard of the EIE Tax Credit or the IC-DISC strategy, for every dollar you generate your missing out on vital saving for your company. AmCorp Management provides free consultations, and I highly recommend calling us to see if you maybe eligible for a cash windfall. You have nothing to lose and possibly hundreds of thousands to gain.