The term “game changer” has often been used to describe people or entities that break from the established or expected norms.  A “game changer” often defies existing paradigms or creates new paradigms.  In sports, a “game changer” is often an athlete that is far superior to his or her contemporaries, is very versatile or seems […]

The number of captive insurance companies continues to grow, because establishing and owning a captive insurance company is one of the most powerful financial vehicles available to businesses and business owners.  By choosing to own their own insurance company, business owners can take better control of business risk mitigation, insure risks that are currently not […]

It’s no surprise that the captive insurance industry continues to grow and thrive.  As we are preparing to attend the Captive Insurance Companies Association (CICA) conference next week, we have received a wave of invitations from actuaries, domiciles, claims administrators and a myriad of other industry service providers. Captive insurance companies were first formed in […]

Should Fear of an Audit Trump Winning Business Decisions?   A common concern we encounter when discussing the risk management and numerous other benefits of owning your own captive insurance company (CIC) is that owning a CIC may increase the risk of an audit by the IRS.  Such fears are often expressed by a client’s […]

Tax avoidance is perfectly legal and encouraged by the IRS, but tax evasion is against the law. –         Internal Revenue Service Website Countless business owners across America mailed checks to the IRS this week.  It certainly is difficult to part with hard earned profits.   Which begs the question, to what lengths should business owners and […]