Friday, April 29, 2016

I met with a software manufacturer who had no idea what a domestic production rule was.  This alone is costing him 9% in profits.

During our conversation he confessed that he hasn't been taking advantage of RND credits or the Domestic Production credit.

So we agreed that an illustration of these issues would be worth while to see how that impacts, not only his business but also his personal life.

He may be crazy, but Donald Trump is right about one thing, the law determines how much tax you pay.  But lets be honest, how many of us know the law?