Insurance

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.”

The proposal positions the Democratic presidential candidate between rivals Bernie Sanders and Joe Biden on a contentious issue.

The Internal Revenue Service posted three revenue procedures Monday of special interest to the insurance industry.

Senator Bernie Sanders says most people in America will have to pay more in taxes to pay for his Medicare-for-All plan. But he insists that’s a good deal — and will save people money overall by lowering health costs.

The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

The Internal Revenue Service has issued the inflation-adjusted limits for health savings accounts for next year.

The United Kingdom’s Financial Reporting Council also 'severely reprimanded' the firm, as well as two partners.

When partners retire, maintaining client relationships and providing clear expectations are important building blocks for a firm’s sustained success.

Even though it's a low-risk profession, accounting employees can still experience injuries or illnesses caused by preventable hazards.

Proposed regulations spell out the requirements under the Tax Cuts and Jobs Act, including some new forms.

You’ve no doubt been offered the opportunity to purchase inexpensive term insurance through your association, but what happens when you get older?

People want to know if there is anything that can be done for pre-retirement medical expenses. The answer is yes.