Opinion

IRS holding captive insurance in NC captive to uncertainty

Risk management is an essential component of owning and operating a small business. As someone who has been involved in the risk management sector for over 35 years, I feel confident in the ability of microcaptive insurance plans to make a difference in business owners’ lives. Unlike traditional insurance plans, captive insurance allows businesses to...

Ron Adams

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News

State’s high court wrestles with Revenue Department tax exemption dispute

The North Carolina Supreme Court will decide in the months ahead whether a business qualified for a tax exemption from 2012 to 2014 for machinery it purchased to make asphalt. The business and the state Department of Revenue are locked in a dispute over the issue. The parties spent nearly an hour Tuesday morning haggling over the exemption during oral arguments before the high court.

CJ Staff