Insurance

BDO USA is merging in Quantum Global Advisors LLC, a Chicago-based international insurance claim and valuation consulting practice, in a deal that’s expected to close Oct. 16.

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

The Internal Revenue Service published final regulations for Achieving a Better Life Experience, or ABLE, accounts for disabled Americans.

The Financial Accounting Standards Board released a proposed accounting standards update to help insurance companies adversely affected by the COVID-19 pandemic by giving them an extra year to implement the long-duration insurance accounting standard.

To be competitive in the ever-changing landscape of professional services, financial planners need to be as holistic as possible.

Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums.

The meeting was the last in chairman Russell Golden’s term.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.

There's a great deal of help for businesses in the CARES Act and the FFCRA.

The State of Connecticut Insurance Department has launched an initiative to work with local accounting firms on a program to expand their presence in the captive insurance company market.

Even before the start of the coronavirus pandemic, the federal government was facing dire financial conditions, with its overall financial condition worsening by $8.16 trillion in 2019, according to a new analysis.

Employers have more options for helping employees with medical care.

The American Institute of CPAs’s Financial Reporting Committee released working drafts of two pieces of implementation guidance for the Financial Accounting Standards Board’s long-duration insurance contracts standard.

Even though each digital service provider differs from the next, all DSPs are forced to navigate a complicated, evolving and non-harmonized set of tax rules that govern their businesses around the world.

The Internal Revenue Service has convinced nearly 80 percent of the taxpayers who received settlement offers after engaging in micro-captive insurance schemes to accept the settlement terms it recently offered them. But there are still thousands of other taxpayers who will be facing examinations.

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.

The two proposals would offer guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses.

Accountants should be engaging more deeply with business owner clients’ succession plans.