captive insurance: the top eight myths

huffman

deconstructing misconceptions about forming your own insurance company to optimize cash, mitigate taxes and build enterprise value

by ken huffman, cpa
president
captive nation

with continued economic uncertainty, companies of all sizes are looking toward captives as a way to manage high-severity risks and gain enhanced flexibility and greater control over their total cost of risk. and you don’t have to be a global behemoth to form a captive.

more in tax practice: the new tax opportunities in real estate | should the irs create a free file app of its own? | your tax season success plan starts here, nowtax prep fintech startup: april raises $30 million | new ira guide updated & expanded with 42-page supplement | thinking commercial real estate? think fast | new small firm cost seg opportunitiescan the r&d tax credit be used to offset the amt? | how the r&d tax credit has expanded over the years |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

captive insurance can be one of the most effective ways for businesses to protect themselves, optimize cash, mitigate taxes and build enterprise value. however, captives often arouse suspicion among those who are not well-informed. that’s because there have been widely publicized cases of companies using captives as illegal tax shelters, among other abuses.

to separate fact from fiction, i will walk you through some of the most frequently heard objections to captives and explain why those objections are often short-sighted. read more →

how to guide students into accounting

pie chart
do you know any accountants personally? three out of four accounting majors/minors know an accountant personally, confirming the highly influential role of personal connections. (caq)

top five turn-offs and who they’d listen to.

by 卡塔尔世界杯常规比赛时间 research

why would anyone want to be an accountant? long, grueling hours under green eyeshades, cranking a calculator in a back room, thinking nothing but numbers, numbers, numbers …

actual accountants know that such a description is not an accurate, let alone a fair, description of their work. the truth is accountancy is as much about working with people as with numbers. it’s an area of business that touches on all areas of business and even the welfare of families. it’s challenging, rewarding and can actually be exciting.

more in staffing & recruiting: cpa staff wages hit new high and keep climbing | how to face hiring challenges head-on | four ways to propel new cpas into growing your firm | when an employee’s growth has gaps | private equity shakes up u.k. firms | unlock your accountant super powers | from senior to manager in 12 quick questions | staffing crisis: 40% are looking for new jobs | the fintech flood: accounting will never be the same | cpa roi doa: why the next-gen accountant won’t be a cpa |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the trouble is students have little idea what a career in accountancy is like. and those of ethnic minority, unlikely to have an accountant in the family or even the neighborhood, have even less notion of what an accountant does for a living.

read more →

dotcom pioneer accountingweb shuts down

uk-based sift media pulls the plug.

from sift media

following rising costs and decreasing margins over the last 12 months, with an increasingly commoditized us advertising market, sift, the owner of accountingweb based in bristol, uk, has made the decision to close its us operations on sept. 1.

despite the successful launch of its first event, accountingweb live summit, looking ahead to 2023 as the us enters a recession, the position is not set to improve.

read more →

should the irs create a free file app of its own?

three ways to fix the program.

by 卡塔尔世界杯常规比赛时间

here’s something weird: the irs offers the vast majority of taxpayers the option to use the free file program to prepare returns.

more: irs audit rates are dropping, and big earners couldn’t be happier | six more ways to fix the irs | is remote the new normal?accounting pros face challenges in turbulent times | your tax season success plan starts here, now | tax prep fintech startup: april raises $30 million | accountants agree: the top five ways to fix the irs

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it costs taxpayers nothing. yet only three percent use it. can it be fixed? should it? congress is weighing in.

read more →

dell tops in accountant tech

cch, quickbooks among leaders in software.

by 卡塔尔世界杯常规比赛时间 research

one of the biggest decisions an accounting firm can make is a choice of tech product. whether it’s a third monitor for everybody or a tax app appropriate to the firm’s size, it’s an expensive decision that can cause headaches in the short term or continued costs in the longer term.

more: tech vexes 58% of solos | firms on the brink of big spending  | should the irs create a free file app of its own?  |.why the future is in risk advisory  | survey: only 19% of firms host email  | 52% of firms look outside for it support
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the annual accounting firm operations and technology survey, using data from 2021, tracked data on preferred hardware and software brands. here are some of the most popular tools.
read more →