VCIA hosted our annual holiday party this past Wednesday at the Echo Center on the Burlington waterfront and we had a great turnout. Around 120 of our nearest and dearest friends joined us for wine and beer, with gorgeous hors d’oeuvres from the creative folks of Bon Temp catering who cater our opening receptions at the annual conference.

For those of you who can remember, last year a huge storm dumped much snow on Burlington the exact time of our holiday event. We still had over 50 brave souls who trudged out to make merry that evening, but this past Wednesday was a balmy 50 degrees…so much easier to bring out the crowds. Great seeing old friends such as Dan Labrie, who traveled up from Connecticut with his wife, and new members such as Mark Tabler from Genesis Re, Inc., all the way from Columbus, Indiana!  Thanks to all who came out for such a fun event.

A note of interest regarding 831(b) captives:  The most recent congressional proposal appears to prohibit a captive from making the 831(b) election if the heirs of the business owner own a higher percentage in the electing captive than they do of the operating business.  If you are interested in hearing from some of the best tax minds in the captive business on this and numerous other tax issues, register for our webinar entitled Captive Taxation: Trends and New Developments on December 16, 2015 from 2:00 – 4:00 p.m. EST.

Thank you all very much, and I look forward to hearing from you.

Rich Smith
VCIA President