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 […]

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 […]

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 […]

A wise man (Stephen Covey) said “Seek first to understand, then to be understood.” It seems that the Captive Insurance Association (CICA) doesn’t understand small businesses and small business owners.  This myopia is not hard to understand.  Many members of CICA’s board are associated with large captives and large corporations.  The great danger is that […]

Entrepreneurial thinking and enterprises have created tremendous wealth in the United States, fueled upward mobility, expanded the middle class and provided a standard of living that would have been unimaginable to America’s founders.  This same entrepreneurial spirit gave rise to captive insurance companies as enterprising businesses looked for a better approach to manage risk.  In […]