Insurance Agency Accounting & Tax Services
Commission accounting, trail income tracking, multi-carrier reconciliation, and tax planning for independent insurance agencies, captives, and brokerages.
Why insurance agency businesses need accounting built for them.
Insurance agency accounting requires tracking commission income by carrier, by policy, and over time as trail income continues for years after the original sale. Generalist firms book net commission as it arrives and miss the structural insight: which carriers, products, and producers drive the actual economics. Compliance with carrier statements, producer 1099 timing, and state premium tax filings adds friction the wrong systems do not handle.
What we deliver for insurance agency clients.
Every engagement combines our core accounting practice with the industry-specific knowledge insurance agency businesses need.
Agency Bookkeeping
Bookkeeping with commission tracking by carrier and producer.
Tax Preparation
Federal and state returns including producer compensation structuring and entity-level elections.
Tax Planning
Year-round planning including book-of-business sale or purchase, succession structuring, and retirement plans.
Payroll
Payroll for staff with separate producer-commission processing.
Fractional CFO
Carrier and product mix analysis, producer profitability, and book-value review for sale or acquisition.
Financial Reporting
Lender and acquirer financial packages with E&O carrier-required reporting.
Practice depth, documented standards, accountable people.
We hold ourselves to documented editorial standards, a published client success methodology, and the compliance posture appropriate to a U.S. professional accounting firm. Specifically for insurance agency engagements:
- Commission income accounting by carrier, policy, and producer
- Trail income and renewal commission tracking across multi-year horizons
- Carrier statement reconciliation and producer commission calculations
- Producer 1099-NEC issuance and onboarding documentation
- Sub-producer override accounting
- Premium trust account compliance per state insurance rules
- Agency management system integration: Applied Epic, AMS360, EZLynx, HawkSoft
We are not a CPA firm. For engagements requiring CPA attestation, we coordinate with our licensed CPA partner network. We do not exaggerate credentials, and the named team on your engagement is the team that performs the work.
FAQ for insurance agency clients
Do you work with agencies of all sizes?
We work with agencies from a single producer to multi-state operations with 50+ producers. Engagements scale accordingly.
Can you integrate with my AMS?
Yes. Common AMS integrations include Applied Epic, AMS360, EZLynx, HawkSoft, and Vertafore. Where the AMS lacks accounting, we bridge to QuickBooks Online or Sage Intacct.
What about book-of-business sales?
We handle the seller-side accounting and tax planning for book-of-business sales including basis allocation and installment-sale treatment. For valuation we coordinate with industry valuation specialists.
Do you handle E&O carrier reporting?
We prepare the financial information E&O carriers request as part of the annual renewal package.
Three steps from here to a working engagement.
Generate a quote
Eight questions, 90 seconds, a locked final monthly price scaled to your specific insurance agency profile.
Discovery call
A 20-minute call to confirm the scope, meet your account lead, and align on the engagement details.
Onboard in 2 to 6 weeks
We rebuild your books to a clean baseline and run our first monthly close in parallel before fully taking over.