157 - Unlocking the Power of Captive Insurance for Your Business
About this episode
Brent explains how captive insurance can serve as a strategic tax tool for business owners.
In this episode, Brent explains how captive insurance can be used as a strategic tax tool for business owners. He discusses how creating your own insurance company may allow you to deduct premiums, reduce taxes, and build a reserve for business risks while potentially benefiting from favorable tax treatment when funds are distributed later. __________________________________________________________________________________ Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals. Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy…
People in this episode
Host: Brent Bement
Topics covered
- captive insurance
- tax strategy
- business risks
- tax deductions
- wealth building
Keywords
- captive insurance
- tax tool
- business owners
- deduct premiums
- reduce taxes
- tax treatment
Mentioned in this episode
Organizations: Wealth Game, Bement Company, Wealth Game basics
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