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Tax Breaks for Businesses: Discovering the Benefits of the IC-DISC

CTP

in foreign markets, you may want to introduce this lucrative tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” The benefit of creating an IC-DISC is that some or all of the taxable income from export sales will be taxed at a lower rate—namely, the qualified dividend rate.

Tax 111
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Union Budget-2023-24| Amendments in Indirect Tax- GST & Customs

VJM Global

The indirect tax imposed on goods or services forms a significant part of government revenue and it also has a direct impact on inflation as it increases or decreases the cost of products. Therefore, changes in indirect tax form a significant part of the Union budget , and the entire industry keeps a close watch on the same.

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From Blockchain To Farming, Newly-Funded Startups Embrace Data Analytics

PYMNTS

This week’s B2B venture capital breakdown is an impressive blend of startups and, together, they’ve raised more than $279 million. But there is a clear common thread among the B2B startups that secured fresh funding this week: data analytics. B2B eCommerce. InstaFreight, based in Germany, announced more than $9.5

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TRENDING: How Ingram Micro Stays Atop Packages And Payments

PYMNTS

American Express recently joined RippleNet, Ripple’s blockchain-powered network offering real-time B2B global payments. The company debuted the Visa B2B Connect service at the FinTech Festival in Singapore last month, an offering designed to address inefficiencies surrounding speed of transfer and settlement of international payments.

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A Global Payments Study Guide For SMEs

PYMNTS

The movement toward globalization, for B2B and for SMEs, has a number of benefits. Not just staffing issues, learning the local culture in a new market and, as is germane for payments, learning the local views on cash, credit and import and export taxes. There’s the entrance into new markets and the ability to reach new customers.

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Small Business Optimism Rises To Historic Highs

PYMNTS

The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole.”. Duggan said in a press release.

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Supply Chain, Linked and Billed Via Blockchain

PYMNTS

Most organizations will generate a business document that, of course, has information – to use a B2B example, an invoice – and that information needs to be transported and rekeyed, or reentered, unless there is some sort of EDI gateway between the two organizations that are compatible.