Tax Implications and Guidelines for Independent Insurance Agencies – Part 2
As an independent insurance agency owner, understanding the tax implications of your business decision is critical, especially when considering a sale or transfer of ownership. The first article in this series examined the impacts of goodwill versus capital gains taxation, and how the tax implications can significantly affect the financial outcomes for both buyers and […]
Is it Time for Your Annual Agency Tax Check Up?
As we near the dreaded Tax Day, we urge all independent agency owners to take some time to review your corporate structure with your tax expert. A review will determine if you are best positioned to reduce your yearly tax burden, and to better understand the tax liability you will face when you eventually sell […]