Rives and Associates has rebranded to RH CPAs to reflect its evolving organisation. As part of the rebrand, RH CPAs’ says its team will remain the same, and the services it provides to the insurance industry will continue. RH CPAs will continue to serve as a resource to captive managers, owners, and consultants for financial statements and tax impacts of financing risk in an insurance company. The firm reveals it is seeing growth in other industries, such as small-medium sized businesses, nonprofits, and the governmental sector. After the election results in the US, RH CPAs highlights that there are likely to be “major changes” to the tax code. Diana Hardy, insurance services, audit partner, RH Accounting, says: “Ensuring understanding the tax and accounting impacts on insurance carriers is a major issue. Our top priority is understanding these changes (some unknown at this time) so we can best serve our clients and prospects to enable them to make informed decisions.” Commenting on the rebranding, Hardy explains: “Over the past year, our leadership team implemented a number of initiatives to improve our efficiency and expand services while exceeding our clients’ expectations with expertise and enthusiasm.” She adds: “We have a unique, collaborative culture that rewards teamwork, so it made sense to embrace a new name as we move forward to provide value beyond tax and audit services.” Look out for the next issue of Captive Insurance Times where Teresa Jones, Diana Hardy and Daniel Milan discuss the new US President Joe Biden’s major tax proposals and how they will affect the captive industry.
