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Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Should You Be Worried About The IRS Auditing Your Captive Insurance Company?
Much has been made of the IRS’s recent interest in captive insurance companies (CICs) with some commentators suggesting that the service is engaging in an “audit sweep” of captives. Whether there is such a sweep is still up in the air, but even if there is, it should be noted that such sweeps are not […]
Marsh Study Suggests Captives Are Beneficial With Or Without Income Tax Deductions
Insurance giant, Marsh, recently released a benchmarking report which outlines trends in the U.S. captive insurance industry. The most surprising finding is that “only one-third of US captive owners treat their captives as insurance companies for US federal income tax purposes.” CAPTIVE INSURANCE TIMES recently covered the report in an article titled “Marsh Charts Captive […]
Feeding Trolls
There’s an old saying among frequent users of the Internet: “Don’t feed the trolls”. By this is meant, don’t respond to people who deliberately make controversial or misleading statements (as doing so just gives them the attention or business that they crave and don’t deserve). I try to honor this advice when I can. But occasionally I feel […]
Don’t Just Pay More Taxes When You Can Own Your Own Insurance Company
Over time, taxes can take a heavy toll on a business and its owners. Year after year, profits are stripped away to pay taxes often resulting in a business that is less prepared for the challenges and risks it may face in the future. Congress doesn’t want small and mid-size businesses and business owners to […]
Tax Avoidance Is Perfectly Legal And Encouraged By Congress
It’s April 15, and business owners across America are mailing checks to the IRS. One way to look at mailing a large check to the IRS is, “it’s a good thing because it means we made money.” Another way to look at mailing a large check to the IRS is, “what tax avoidance vehicles would […]
Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Should You Be Worried About The IRS Auditing Your Captive Insurance Company?
Much has been made of the IRS’s recent interest in captive insurance companies (CICs) with some commentators suggesting that the service is engaging in an “audit sweep” of captives. Whether there is such a sweep is still up in the air, but even if there is, it should be noted that such sweeps are not […]
Marsh Study Suggests Captives Are Beneficial With Or Without Income Tax Deductions
Insurance giant, Marsh, recently released a benchmarking report which outlines trends in the U.S. captive insurance industry. The most surprising finding is that “only one-third of US captive owners treat their captives as insurance companies for US federal income tax purposes.” CAPTIVE INSURANCE TIMES recently covered the report in an article titled “Marsh Charts Captive […]
Feeding Trolls
There’s an old saying among frequent users of the Internet: “Don’t feed the trolls”. By this is meant, don’t respond to people who deliberately make controversial or misleading statements (as doing so just gives them the attention or business that they crave and don’t deserve). I try to honor this advice when I can. But occasionally I feel […]
Don’t Just Pay More Taxes When You Can Own Your Own Insurance Company
Over time, taxes can take a heavy toll on a business and its owners. Year after year, profits are stripped away to pay taxes often resulting in a business that is less prepared for the challenges and risks it may face in the future. Congress doesn’t want small and mid-size businesses and business owners to […]
Tax Avoidance Is Perfectly Legal And Encouraged By Congress
It’s April 15, and business owners across America are mailing checks to the IRS. One way to look at mailing a large check to the IRS is, “it’s a good thing because it means we made money.” Another way to look at mailing a large check to the IRS is, “what tax avoidance vehicles would […]
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