RMC Group is looking for several insurance professionals to join our team! Here are the two sales positions we currently have available: Health & Benefits Consultant: The primary role of the Health & Benefits Consultant is to sell new accounts in keeping with agency and individual goals. This person will also be expected to build and maintain relationships with clients. … Read More
Section 199A Threshold Increased in 2019
The Tax Cuts and Jobs Act of 2017 (the “Act”) cut the corporate income tax rate from 35% to 21% for tax years beginning with 2018. In addition, the Act reduced the top individual rate to 37%. So, where does this leave a “pass-through entity”, such as an s-corporation, LLC or partnership, whose income is taxed to the entity’s owner … Read More
Getting to Know Your Client
The job of a risk manager is to know your client. Only by understanding your client’s needs and desires can you identify the risks they face in their business and family life and find the best solutions. Meticulous attention to detail is required if you want to become a valued advisor to your client. No two businesses are the same, … Read More
Pension Contribution Deductions
As long as a qualified retirement plan is established by the end of an employer’s tax year, contributions to the plan may be deducted in that tax year, even if not actually paid until the following year. The only requirement is that contributions be made before the due date of the sponsor’s tax return, including extensions. For example, if a … Read More
Self-Insured Medical Plan = Employer Savings
Next to payroll, health insurance is often the largest expense an employer will incur. And, as health insurance premiums rise, business owners are looking for ways to provide quality healthcare to their employees, while saving money. In many cases, the solution is a self-funded medical plan. With health insurance premiums expected to increase by 55% over the next three years, … Read More
Why Form a Captive Insurance Company?
RMC Group is a leader in risk management. One strategy, which we offer, is the management of captive insurance companies. We have helped many businesses form a captive insurance company and have helped them achieve significant benefits. A captive insurance company is an excellent risk management tool. In addition, it can be a profitable business and can offer significant benefits … Read More