Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

We enjoyed our conversations with TEI members during the 62nd Midyear Conference. Many of you expressed interest in learning more about manufacturing and export incentives.

If your business manufactures goods, develops software, generates power, or helps construct buildings in the United States, you may qualify for significant tax benefits. And if your company exports your goods overseas, or you can trace your product into foreign commerce, you may qualify for powerful export tax incentives.

But the process is not that simple, according to Mark Gasbarra, a tax partner with CliftonLarsonAllen.

"Some of these deductions and incentives are incredibly complex. For example, we find that less than 10 percent of eligible companies are taking advantage of the IC-DISC incentive program."

Also, major tax reform and budget proposals could further impact these incentives, depending on who is seated in the White House.

Read the full web story to learn about:

• Claiming manufacturing deductions
• Qualifying for export incentives
• How we can help

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