Anthony J. Madonia & Associates, Ltd.
  July 2014
Anthony J. Madonia & Associates, Ltd.

Tax Savings and Risk Reduction is our mantra. As regulations, however well-intentioned, continue to challenge small to mid-size businesses, we try to proactively protect our clients' interests and find those silver linings that can minimize the ever-growing tax obligations.

In this issue…

Companies that provide goods for export can realize substantial tax savings by establishing the appropriate corporate entity.

Outside legal counsel can be a valuable part of the mid-size business management team.

While time is always a challenge, it's important to take a step back to assess your strategy and your partners. Minimizing your risk and keeping a watchful eye on your financial transactions can help to preserve profits. Meeting regularly with your legal and tax professional to revisit your strategy can provide huge short- and long-term benefits.

Tony and John

Exporters Gain Tax Savings Through IC-DISC

First introduced by Congress in 1971 to help U.S. businesses battle a growing U.S. trade deficit, an Interest Charged Domestic International Sales Corporation ("IC-DISC") can help business owners realize permanent tax savings and other benefits for their export business operations. An IC-DISC achieves these tax rate savings by converting ordinary business income, which is often taxed at the top rate of 39.6%, to dividend income, which is taxed at between 15% and 23.8%, depending on total income. Thus, a U.S. company engaging in qualified exports can realize a permanent tax rate savings of up to 24.8% through the use of an IC-DISC.
[Read More]

Mid-Size Businesses Can Realize Cost Savings and Risk Reductions from Outside Legal Counsel

All businesses have the need for some type of legal counsel throughout the course of a year. For mid-size businesses, those between $5MM and $25MM in annual revenue, the issues become larger and the need more consistent. The roadblock for many mid-size businesses in having adequate legal representation is balancing the need with the perceived cost. [Read More]

Outside Perspective

Marijuana for medical use could be coming to Illinois in 2015. [Read More]

Welcome Note
Article 1:
Exporters Gain Tax Savings Through IC-DISC

Article 2:
Mid-Size Businesses Can Realize Cost Savings and Risk Reductions from Outside Legal Counsel

Outside Perspective
Anthony J. Madonia & Associates, Ltd.

Businesses need support and advice. They especially need support in times of exponential growth, during economic challenges, and in transition.

Anthony J. Madonia & Associates, Ltd.

Anthony J. Madonia and Associates, Ltd. is a premier law firm located in vibrant downtown Chicago that focuses on Corporate Law, Mergers & Acquisitions, Taxation and Estate Planning.

Partners Anthony J. Madonia and John W. Albee are known for their attention to detail and practical, sound perspective when providing the right direction to privately-held businesses and the families they support.

For more information contact us at
or 312-578-9300
Anthony J. Madonia & Associates, Ltd. | 233 S. Wacker Drive, Suite 6825 | Chicago, IL 60606