As we noted last week, Congress created quite a stir in the captive insurance industry in mid-December of 2015 when it passed and President Obama signed a so-called “Tax Extenders” bill titled H.R. 34.  This new legislation included Section 262 titled, “MODIFICATIONS TO ALTERNATIVE TAX FOR CERTAIN SMALL INSURANCE COMPANIES.”  These modifications impact small captive […]

In a flurry of legislative activity in mid-December of 2015, Congress passed and President Obama signed a so-called “Tax Extenders” bill titled H.R. 34.  This created a stir in the captive insurance industry both before and after passage, as H.R. 34 included Section 262 titled, “MODIFICATIONS TO ALTERNATIVE TAX FOR CERTAIN SMALL INSURANCE COMPANIES.”  These […]

By Sean King, JD, CPA, MAcc Principal, CIC Services, LLC When it comes to estate tax planning, there’s generally only one key objective–transfer assets from senior generation’s name to junior generation’s names without triggering gift taxes, estate taxes, or generation skipping transfer taxes. Most popular techniques that facilitate these inter-generational wealth transfers-

There is still time to set up a captive insurance company and pay tax deductible premiums in 2015. 

It is not surprising that captive insurance companies have been gaining prominence in recent years.  There was an era when captives were primarily utilized by large corporations, but their adoption has accelerated among small and mid-market companies of late.  There are two major reasons why captives are gaining traction with small and mid-size businesses. The […]