Author Archives: Melissa Orenich, CPA, MT

2017 Updates on Loss Reserve and Salvage Discount Factors

Every year, the U.S. Treasury Department releases discount factors by accident year and for each line of business. Under certain circumstances, a company may elect to create its own discount factors based on its own experience for unpaid losses and loss adjustment expenses (LAEs). However, this is not an option for salvage and subrogation.

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Is the IC-DISC Going Away?

The IC-DISC has long been a planning tool in the CPA’s toolbox for clients with significant international sales, but with recent tax law proposals, is it going away?

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Understanding Tax and Accounting Implications of Additive Manufacturing

For several years now, my husband has been asking to invest in a 3D printer. And so began my light research into 3D printing. While learning about this additive manufacturing process, I couldn’t help but notice the implications that run a little closer to my current heart: tax and accounting.

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2016 Loss Reserve and Salvage Discount Factors

For the 2016 tax year, property and casualty insurance companies should use the following revenue procedures, released by the IRS in computing discounted unpaid losses and loss adjustment expenses (LAE) and salvage and subrogation:

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Manufacturers Can Benefit From Valuable R&D Tax Credits

Manufacturers have the opportunity to take advantage of valuable federal and state tax credits for their research and development activities.

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