News & Blog

May 17, 2017

The NAIC’s Statutory Accounting Principles Working Group met March 16, 2017 by conference call and again on April 8, 2017 in Denver for the Annual Spring Meeting.

May 15, 2017

A corporation is required to pay quarterly federal tax installments if the expected liability for the year is $500 or more.

May 9, 2017

Congratulations to Tim Flaherty, CPA, Senior Manager, on being elected President of the Insurance Accounting & Systems Association, Inc. (IASA) Midwest Chapter. Tim has been on the Midwest Chapter board since 2015, and he was most recently the Secretary/Treasurer for the 2016/2017 term.

May 1, 2017

The Florida Senate passed legislation to repeal the Florida insurance salary tax credit (tax credit), which was designed to attract and retain insurance businesses and jobs in Florida.

April 30, 2017

More than two years after it began its project, the AICPA Auditing Standards Board (ASB) issued Proposed Statement on Auditing Standards (SAS),

April 30, 2017

Although it intended to simplify and clarify investment disclosures and create more consistent application across entities, the FASB caused some unintended confusion when it issued the following Accounting Standards Updates (ASU):

April 27, 2017

Johnson Lambert Senior Manager Rachel Perlmutter, CPA has been named to the Insurance Accounting & Systems Association, Inc.'s (IASA) inaugural "30 Under 30" list. The "30 Under 30" is a ranking of individuals under the age of 30 with remarkable contributions to the insurance industry. 

April 25, 2017

The implementation date for the newly required loss disclosures for insurance company GAAP financial statements (ASU 2015-09) is fast approaching for non-public compani

April 25, 2017

In December we shared information regarding Proposed Changes to Master Trust Reporting and the implications to employee benefit plans (EBP) that invest i

April 24, 2017

Johnson Lambert LLP is pleased to be recognized as one of North Carolina State University (NCSU) Poole College of Management's 2017 Employers of the Year.