News
Accounting & tax analysis
The captive insurance industry faces a number of unique challenges in 2021, one of which has been to do with the assessment, budgeting and financing of losses, says SIGMA’s Lori Ussery. 23 April 2021
Accounting & tax analysis
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. 20 April 2021
Accounting & tax analysis
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). 19 April 2021
Accounting & tax analysis
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. 15 March 2021
Accounting & tax analysis
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. 11 March 2021
Accounting & tax analysis
When starting a captive insurance company in a foreign jurisdiction such as the Cayman Islands or Bermuda, many prospective captive owners may be excited about the potential tax benefits. However, these tax benefits should never be a primary reason to form a captive, says Daniel Greaves of Grant Thornton. 9 March 2021
Accounting & tax analysis
Connecticut approved six new captive insurance companies in 2020, including five pure captives and one special purpose financial vehicle captive. 25 February 2021
Accounting & tax analysis
UK-based captive owners should be prepared to face increased tax authority scrutiny over the coming years, according to a note by Deloitte. 8 February 2021
Accounting & tax analysis
There is a considerable amount of confusion about loss development factors and how they work. Enoch Starnes and Michelle Bradley of SIGMA Actuarial Consulting demystify loss development and explain why this knowledge is crucial for employees and board members of captives. 12 January 2021
Accounting & tax analysis
The American Bar Association (ABA) will host a webinar to educate people about the Internal Revenue Service’s (IRS) policies regarding micro captives. 6 January 2021
Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.
Editor's picks
