Insurance hot topics virtual series: accounting, tax and statutory update

In the third webinar in our insurance hot topics series, Baker Tilly’s accounting and tax professionals address recently issued or pending U.S. GAAP and statutory accounting guidance that will impact insurance companies, followed by a discussion on tax legislation in the next Congress, recent tax developments affecting insurers and tax planning for year-end under the CARES Act.

Part one:  U.S. GAAP and Statutory accounting update 

• Identifies issued U.S. GAAP and statutory accounting guidance that may have an impact on insurance industry companies
• Evaluates pending U.S. GAAP and statutory accounting guidance that may have an impact on insurance industry companies
• Discusses the basics of the new guidance and how it may impact your company

Part two:  Federal tax update 

• Evaluates how the composition of Congress might affect the tax policies of the Biden administration
• Reviews updates on IRS discount factors for 2020, life insurance reserves and net operating loss provisions
• Assesses tax planning under the CARES Act to maximize your company’s tax benefit