POLITICO article covers CIC Services vs. IRS
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
To read the full article, CLICK HERE.
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
To read the full article, CLICK HERE.
Christopher Gallo will transition from his role as managing director after six years with the firm to pursue an independent captive insurance consulting venture. The firm continues to serve clients nationwide in the design and management of disciplined captive insurance programs focused on long-term liquidity and regulatory compliance. “I am very blessed for having the […]
Most financial risks develop gradually. Demand softens, costs rise, and markets signal change before balance sheets reflect it. Policy decisions operate differently. Legislative and regulatory changes can reshape cost structures, incentives, and investment assumptions almost immediately, often before finance teams can adjust forecasts or pricing.
Cybercriminals are no longer focused solely on large enterprises. Increasingly, they are targeting small and mid-market organizations that depend heavily on digital systems but often operate with leaner security resources and tighter financial margins.
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.
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