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Audit, tax, and consulting services for commercial insurance companies, captives, risk retention groups, and public risk pools.
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Full service financial exams, multi-state coordinated exams, IT reviews, and more for state departments of insurance.
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Audit, tax compliance, and advisory services for associations, foundations, and other nonprofits.
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Audit and tax compliance for 401(k), 403(b), defined benefit, health & welfare, profit sharing plans and more.
Learn MoreTHURSDAY, OCTOBER 22, 2020 | 2:00 – 3:00 PM ET | COMPLIMENTARY
Political and social unrest, financial market conditions, social inflation, weather events, and wildfires are factors we were already dealing with. COVID-19 is magnifying the complexity and impact on the P&C insurance industry.
We are seeing increased loss frequency and severity, resulting in reduced profitability and capacity, rising premiums, and complexity of exclusions. Tough conversations are underway to define coverage strategies at a reasonable cost and to deal with underwriting scrutiny.
Join us for an interactive discussion of the impact these factors are having on the P&C insurance industry.
Recipient Organization Accounting for PPP Loans With year-ends on the horizon, many organizations are focusing on annual reporting considerations. For many this means determining how to account for the Small Business Administration (SBA) Payroll Protection Program (PPP) loans received from
With many consumers following stay-at-home orders earlier this year, insurers saw a decrease in activity or operations, particularly in the automobile insurance sector. Many insurers issued voluntary refunds and / or premium reductions on future policy renewals in response. The
With year-ends on the horizon, many NFP organizations are focusing on annual reporting considerations. For many this means determining how to account for the Small Business Administration (SBA) Payroll Protection Program (PPP) loans received from the federal government in 2020
As expected, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, which addresses presentation and disclosure requirements for contributed nonfinancial assets commonly referred
Published on May 5, 2020 On April 30th, 2020, the IRS released Notice 2020-32 in regards to how to treat expenses related to PPP loans. The CARES Act created the Payroll Protection Program (“PPP”), where certain employers could apply for
The Department of the Treasury and the Internal Revenue Service (IRS) issued proposed regulations on Friday, April 24, which provide additional guidance on the separate reporting and calculation of income from unrelated trades or businesses under Section 512(a)(6), as enacted
