Tax & Audit Services for Insurance Industry

Like every other industry, the insurance industry, ranging from car insurance companies to renters insurance providers, has its share of unique financial and compliance issues. Worry not as Dimov Tax’s CPA team provides insurance tax and audit services for every insurance sector ranging from auto insurance to progressive insurance, farmers insurance and erie insurance.

Specialized Tax Services for Insurance Businesses

With car insurance quotes, cheap car insurance, or even business policies, the rules of taxation for the insurance industry are quite complex. Because of the various specializations, we make the utmost best to ensure you do not violate compliance policies and at the same time, try to place you in the best financial standing possible.

With Dimov Tax, you can:

• Be certain that your returns are accurate, your business is tax compliant and you opted for the best available taxation structure.
• Guided with expert advice, you will be able to navigate your way around the complex unearned premium reserve, premium tax and unearned premium reserve rules.
• Be certain that all your valid claims for deductions for claims, commissions, and operating costs will all be captured.
• Be tax compliant and at the same time align your tax plans with your growth objectives with optimal tax rate strategies.

From large car insurance companies to small renters insurance agencies, we provide bespoke insurance tax services aimed at enhanced tax compliance while maximizing tax savings.

Comprehensive Audit Support for Insurance Agencies

In the insurance business, audits go beyond the financial statements to include much broader regulatory and statutory considerations. We assist auto insurance, progressive insurance and other industry specialists in preparing for:

• Examinations by the state insurance department
• External financial audits
• Internal compliance audits
• Statutory accounting assessments

We ensure all your records are accurate, complete, and ready for an audit at all times.

Accounting & Bookkeeping for Insurance Companies

Achieving success with an insurance agency, be it farmers insurance, erie insurance, and even providers of cheap car insurance policies, requires closer financial tracking. We offer the following to our clients:

• Bookkeeping and monthly reconciliations
• Payroll processing and compliance
• Preparation of financial statements
• Budgeting and cash flow management

We allow you to devote your time to the clients and growing your business while we handle the accounting.

Why Insurance Businesses Trust Dimov Tax

• Insurance matters such as property and casualty obligations, policies for renters, and multi-line insurances require their own category of financial management and we’ve got it covered.
• Flexible Tax Management Models – Forecasting in advance and preparing for tax law changes is taken specifically for your company with proactive tax planning.
• Your Personal Finance Ally – From audit defense to tax preparing, we stand with you as your dedicated financial ally.

Partner with a CPA Firm That Knows Insurance

Dimov Tax has you covered in compliance and competition for all the insurers from progressive insurance, farmers insurance, erie insurance and to even some of the local auto insurance agencies.

We are ready to talk to you about more tax and audit services specifically designed for your insurance company so you know your business is going to prosper.