RH CPAs has made a number of appointments in both Karachi and Greensboro.
Abusive micro-captive insurance arrangements have found themselves on the Internal Revenue Service’s Dirty Dozen list of tax scams, yet again.
Brown Smith Wallace (BSW), the accounting and advisory firm, is joining forces with Armanino.
Pro Global Holdings, the global re/insurance outsourcing and consulting firm, has hired Lorraine Mojica as its new US head of audit.
The Internal Revenue Service (IRS) has established an office of promoter investigations (OPI) to expand on the work its promoter investigations coordinator (PIC) began in the summer of 2020.
The Internal Revenue Service (IRS) should publish guidance relating to the use of micro-captives, to ensure businesses that want to use them appropriately can do so, according to the Self-Insurance Institute of America (SIIA).
Captive owners should be patient in their dealings with agents from the Internal Revenue Service (IRS), according to Carr Riggs and Ingram (CRI), the accounting and advisory company.
The 831(b) or micro-captive industry has been dealt a fresh blow this week, with a US tax court ruling yet another micro-captive could not be considered insurance for Federal tax purposes.
Connecticut approved six new captive insurance companies in 2020, including five pure captives and one special purpose financial vehicle captive.
UK-based captive owners should be prepared to face increased tax authority scrutiny over the coming years, according to a note by Deloitte.