Today, it’s a given that captive insurance professionals are some of the top people in their fields of expertise. However, it wasn’t that long ago that VCIA and the Vermont captive industry had to fight to prove that experience in captive management should count toward earning the Certified Public Accountancy (CPA) designation.

Back in 2005, the Vermont Board of Public Accountancy questioned the value of work experience in a captive management firm towards achieving a CPA designation.  Through hard work and smart advocacy, VCIA and its members were able to turn the tide and get that recognition.

Christopher Plumpton, SRS

Today, two of the most important CPA organizations in Vermont are chaired by  captive professionals.  Christopher Plumpton, Senior Account Manager at SRS, is the Chair of the Vermont Society of CPAs, whose mission is to promote, protect, and represent the interests of their members and the profession while fostering the highest ethical standards.

Josh Partlow, Johnson Lambert

And Josh Partlow, Partner at Johnson Lambert, who recently stepped down as Chair of the Vermont Board of Public Accountancy and is a member of AICPA, where he served on their national Auditing Standards Board.  The Board was created by the legislature whose members are appointed by the governor to administer the laws for this profession in the state of Vermont.

At the VCIA Annual Conference in August there will be terrific education for accountants, including Update on Federal & State Tax Issues Involving Captives, Financial Statements 101, and looking to the future Blockchain & Distributed Ledgers. Make sure to register soon at www.vcia.com to get our early bird rates that expire June 1st.

We look forward to seeing you in Vermont in August. Thank you all very much!

Rich Smith
VCIA President