Q4 is likely to be a busy quarter for many IA firms and others. Hurricane Helene generated over 100K claims, Hurricane Milton likely to generate thousands of claims as well. IA firms and their adjusters will be busy serving distressed and displaced insurance customers. From a cash and tax perspective, some questions you should think about:

1. What is the projected number of claims my IA firm will receive?
2. After revenue share and expenses, what net profit will my IA firm retain?
3. What federal tax exposure will my IA firm have based on how business is taxed? (sole proprietorship, C Corp, S Corp, partnership)
4. Should we designate someone to perform tax projections?
5. Is a financial professional needed to cash flow forecast to aid decision making, contain cost and maximize profits?
6. Are there business purchases to make by 12/31 to offset increased tax liability expected from Q4 revenue?

Before an inflow of Milton claims come in, pull up with Verlin on a no-obligation Zoom call. Remember, 12/31 is a key deadline to take action to minimize taxes for the 2024 calendar year. Click the USER WEB SITE link above to schedule an appointment. Weekend appointments available to accommodate individuals working cat claims 7 days a week.

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