Why Captive Insurance Companies Are Being Scrutinized by the IRS

Captive insurance companies have become a popular risk management tool due to the ability to insure specific or otherwise uninsurable risks while also creating the potential for substantial tax savings. In a typical arrangement, a business establishes a licensed insurance company (the “captive”) which can be owned by the same

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Manufacturing Growth Slows as Labor Supply Contracts

Despite a slowdown from the month of August, the Institute for Supply Management’s September 2014 Manufacturing Report on Business shows that the US economy expanded in September for the 64th consecutive month, and the manufacturing sector posted its 16th consecutive month of growth.  Of the 18 manufacturing industries,

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Manufacturing Sector Expands for 13th Consecutive Month

Economic reports for June 2014 have reported a 61st consecutive month of growth.  In particular the manufacturing sector reported expansion for its 13th straight month according to supply executives in the most recent manufacturing business report from the Institute for Supply Management (ISM).  The June purchasing managers index

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