Insurance

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

The Financial Accounting Standards Board officially delayed the effective dates of its accounting standards for leases, credit losses, hedging and long-duration insurance contracts by issuing a pair of accounting standards updates.

The Democratic presidential hopeful rolled out a wide-ranging menu to fund her multi-trillion-dollar Medicare for All plan, a defining moment that fleshes out her vision to remake one-fifth of the U.S. economy.

Over the last few years, captive insurance has become the tax shelter du jour for accountants and wealth planners looking to find ways to help their small business owner clients reduce their tax exposures. Now the IRS is cracking down on the scheme.

Premium financing can be a powerful tool, but it must be thoughtfully designed, well underwritten and thoroughly understood.

Up to 200 taxpayers who have been under audit for participating in micro-captive insurance tax schemes are receiving letters from the Internal Revenue Service.

The proposed update would give insurers an extra year to implement the new rules.

His analysis underscored how sweeping accounting changes coming in the next few years are raising questions for the life insurance industry.

Private companies, nonprofits and some smaller public companies will get some extra time to get ready for major accounting standards, under a recent proposal.

Democratic presidential contenders divided sharply on Tuesday over whether middle-class taxes would have to increase to pay for a government-run health care system known as “Medicare for All.”