Tax-Deferred Risk Mitigation for Business: Understanding the 831(b) Tax Code 1 Credit
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Jul 17, 03:30 PM
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The 831(b) Tax code offers a valuable tool for businesses seeking to manage risk, optimize cash flow, and enhance financial flexibility through captive insurance arrangements. However, businesses must evaluate their eligibility, understand the regulatory landscape, and seek expert guidance to leverage this strategy effectively. By doing so, businesses can potentially achieve significant long-term financial advantages while safeguarding against unforeseen risks.
This course thoroughly examines the 831(b)-tax code and how businesses can leverage micro captives as an alternative risk finance solution for Enterprise Risk Management (ERM) and Safe Harbor risks. Participants will delve into the tax and accounting implications of forming and managing captives, explore the types of fortuitous risks that can be included, and understand the various domicile options available. The course will also cover reinsurance applications within the context of 831(b) captives.
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Join this CPE Course; we will learn how to effectively utilize 831(b) micro captives for enhanced risk mitigation and tax deferral strategies.
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Van Carlson is the Founder & CEO of SRA 831(b) Admin and has over 25 years of experience within the risk management industry. With a steadfast commitment to empowering trusted advisors and entrepreneurs through innovative risk solutions, Carlson has been a guest on more than 75 podcasts in a myriad of industries and has presented at conferences across the country.
Carlson has also spearheaded SRA to new heights, earning a spot on the Inc 5000 among other prestigious awards. Prior to founding SRA, Van ran his own property and casualty firm for 15 years and was awarded Presidents Council’s and other top-performing achievements during his tenure as a P&C Agent. In 2008, he saw the Great Recession hit his commercial business clients hard, and just like them, he was also affected by the sharp downturn in our economy. During this time, he realized there must be a better way to manage risk overall. From that desire to improve business operations for both himself and his clients, along with his extensive background in insurance, risk management, and finance, a mission to educate others about 831(b) Plans began and continues.
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We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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