Support you Deserve

We are a leading independent tax and business advisory services firm specializing in international tax consulting, transfer pricing, valuation and tax process innovation.

We operate throughout North America and the United Kingdom and cover over forty countries through strategic alliances with firms across the globe.

Accomplished Professionals

Our team of highly-experienced professionals consists of former Big 4 tax specialists, economists, attorneys, CPAs and MBAs, each with decades of experience delivering tax, transfer pricing, valuation and tax innovation services.

Our senior professionals are directly engaged in the work we deliver to our clients - unlike many large firms that employ a “leverage model” relying on less experienced personnel to do most of the work.

Delivering Value to Our Clients

Our clients include private and public companies ranging from emerging businesses to Fortune 50 companies. They include U.S. and non-U.S. based multinationals operating in a wide array of industries, including industrial manufacturing and distribution, aerospace, food processing and distribution, agriculture, medical products manufacturing and distribution and financial services.

Our clients seek responsive, collaborative professionals who deliver services efficiently and cost effectively. We willingly share our knowledge and insights to help our clients understand the technical issues and enhance their ability to make informed, strategic decisions with confidence.

Tax Alert: Senate Finance Committee Version of Tax Bill Repeals IC-DISC Provisions Effective for 2019 Tax Years

Nov 10, 2017

Late on November 9th, the Joint Committee on Taxation released the text of the Senate Finance Committee version the Tax Cuts and Jobs Act.

Within the Bill is a provision to repeal the IC-DISC tax regime for tax years beginning on or after December 31, 2018.  The termination is effective for the immediately succeeding tax year.

Additionally, the bill further provides that any earnings of the IC-DISC that have not been distributed as of December 31, 2018 shall be deemed distributed in 2019. 

Finally, the bill provides that any amounts deemed or actually distributed after December 31, 2018 would not be considered qualified dividends and would be taxed as ordinary income.

If this provision is included in the final bill, passed and signed into law, the remainder of 2017 and 2018 will be an important time to maximize IC-DISC benefits, and make sure that all dividends are paid out prior to the end of 2018.

This is a very disturbing development for U.S. Exporters who will effectively lose their IC-DISC tax benefits after 2018 if this provision is passed.  Now is the time to do what can be done to save this important tax benefit for U.S. exporters.

What Others Say

"...strong technical expertise, yet they are innovative and always bringing us new insights."

"...great team players, good friends and we trust them...that's big for us."

"...very genuine, very focused and look beyond the politics and conflicts...that's a rare thing these days."

"...good communicators and they built a strong rapport, early on."

"It's rare to find a team that always looks at the bigger picture, what's best for the client and the relationship...and WTP is truly of that mindset."