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 […]

Most small and medium size businesses are under-insured.  Today, businesses face far greater risks than similar businesses faced in the past.  In addition to common risks like theft, fire and general liability, there are a host of other risks that businesses face that are specific to their industry and exacerbated by shifts in technology, regulations […]

In addition to gaining the ability to self-insure and to own a profitable second business, a captive insurance company is one of the most formidable asset protection vehicles available to businesses and business owners. However, prior to addressing this unique benefit, it’s worth noting the primary reasons that businesses form their own insurance company – […]

In addition to gaining the ability to self-insure and to own a profitable second business, a captive insurance company can also serve as a remarkably efficient vehicle to house a deferred compensation plan for key employees and business owners.  The logic behind this approach is quite simple.  Rather than giving ownership or deferred compensation to […]

The Captive Insurance Times (CIT) recently published an article about a California bill that would drastically curb self-insured health plans for small and mid-size businesses.  The article is titled “SIAA Opposes Stop-Loss Legislation” and is written by Jenna Jones.  The article notes: The Self-Insurance Institute of America (SIIA) has opposed a recent state bill, as […]