The MRO Americas Conference, held April 8–10, 2025, in Atlanta, GA, provided a pivotal platform for professionals in the aviation maintenance, repair, and overhaul (MRO) sector to network and share insights. Representing WTP Advisors, Brian Schwam and Jim Fyrie engaged with industry leaders, showcasing their expertise in Transfer Pricing and IC-DISC.
A standout interaction took place with Craig Elliott, Vice President of Business Development at Thomas Global Systems, a California-based company known for its advanced avionics and display systems.
Thomas Global Systems: A Global Presence with Compliance Needs
During their exchange, Jim Fyrie introduced WTP Advisors’ Transfer Pricing services, highlighting how they help multinational companies manage intercompany transactions across borders with precision and compliance.
Craig shared that Thomas Global Systems operates globally, collaborating with partners in multiple regions, making financial compliance a top priority.
Transfer Pricing: Aligning Compliance with Profitability
Brian Schwam explained how WTP’s Transfer Pricing strategies ensure cross-border transactions are priced in accordance with international tax laws while also optimizing profitability.
For a company like Thomas Global Systems—with a complex global supply chain and international customer base—Transfer Pricing offers a way to streamline operations, minimize risk, and safeguard compliance.
Craig acknowledged its importance, noting that global expansion has heightened the complexity of their financial strategies.
IC-DISC: Unlocking Tax Savings on Exports
The discussion then shifted to IC-DISC (Interest Charge-Domestic International Sales Corporation).
Jim Fyrie explained how IC-DISC can reduce tax liabilities on export income, delivering significant savings that can be reinvested in innovation and growth. Given Thomas Global Systems’ export-driven model, this approach could directly support their international strategy.
Craig expressed interest in the concept, recognizing its potential to enhance their bottom line.
Innovation and Financial Efficiency
The conversation also touched on the role of avionics innovation in aviation. Craig highlighted Thomas Global Systems’ leadership in cutting-edge display systems and emphasized the need for cost efficiency as they expand globally.
Brian Schwam reiterated how Transfer Pricing strategies could align financial compliance with business objectives, ensuring efficiency without compromising growth.
A Shared Vision for Future Growth
The meeting concluded on a positive note, with both parties recognizing opportunities for collaboration. Craig’s vision of expanding Thomas Global Systems’ global presence aligned well with WTP Advisors’ mission to provide financial clarity and growth strategies for aviation companies.
WTP Advisors: Empowering Aviation Success
WTP Advisors specializes in helping aviation companies succeed through Transfer Pricing and IC-DISC services. Their expertise enables businesses like Thomas Global Systems to navigate global markets, optimize financial strategies, and achieve sustainable growth in a highly competitive industry.