Good Assurance

The latest business news for the Property & Casualty insurance industry



What impact would a tax increase on insurance premiums have on you?

Darcy Costello Louisville Courier Journal Posted at 7:17 pm EST on February 13, 2019 The Louisville retirement-related budget deficit led Mayor Greg Fischer to request an increase in the tax on insurance premiums, a little-noticed tax often included in policyholder… Continue Reading →

Uber is facing $ 1.3 billion in tax costs in UK from a lawyer who has won a large Brexit ruling

The lawyer who led a prominent court case – which ended with the European Union ruling that the UK could unilaterally reverse the Brexit – appeared in court on Wednesday for a new fight, this time with Uber Technologies Inc…. Continue Reading →

IIABA praises tax refund for insurance agents and brokers

Following the implementation by the Internal Revenue Service of section 199A of the tax code, both the Council of Insurance Agents & Brokers (CIAB) and the Independent Insurance Agents & Brokers of America (IIABA) have issued a statement in which… Continue Reading →

Insurance agents insured for fiscal transit through tax benefits under the final treasury rule

The US Treasury today issued definitive regulations and other guidelines for a Tax Cuts and Jobs Act provision that allows owners of sole traders, partnerships, trusts and S-companies to deduct up to 20 percent of their qualified business income from… Continue Reading →

Norway prepares "Big Brother" GPS-based tax per kilometer traveled • Good Assurance

Via, COMMENT: Hi, The Norwegian Data Protection Authority is now arguing that GPS-based taxation, for the number of kilometers driven by car, can be achieved in 5 to 6 years! Norwegians trust the government too much because they think… Continue Reading →

Republicans and Evers clash about income tax and insurance

The Wisconsin Republicans unveiled Thursday another way to pay for the Democratic government Tony Evers, which proposed a reduction in income tax while quickly approving a health insurance guarantee for people with conditions. preexisting. Evers opposes the two GOP plans,… Continue Reading →

Insured, proposed or premium payer, who can claim tax benefits on life insurance?

Insurable interest refers to the earnings of a person's survival or the probability of incurring a financial loss in the event of the person's death. Life insurance is a contract whereby a person transfers to an insurance company the life… Continue Reading →

Tax Advantage of Health Insurance: Here's Everything You Need to Know

As we approach the season of tax savings investments for the current year, we are in a hurry to make investments before the scheduled date, especially to allow employees to save on TDS. Health insurance plays a crucial role in… Continue Reading →

Tax Guy: How Medicare premiums could be the key to detailing your taxes and saving money • Good Assurance

Medicare health insurance premiums can be very expensive, especially if you are married and you and your wife pay. In this column, I will list the premium amounts for 2018 and 2019 and explain when you can possibly claim tax… Continue Reading →

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