Insurance agencies earn commission income that arrives on different schedules from different carriers, pay producers on their own commission structures, and build value in their book of business over time. Epsilon Accounting Solutions helps agency owners track it all accurately and plan taxes around it.
Where We Help Most
- Reconciling carrier commission statements to deposits.
- Producer compensation and payroll set up correctly.
- Entity and S-Corp planning for agency owners.
- Accounting for the purchase of a book of business, including amortization.
- Financial statements that support agency valuations and lender requests.
Buying or Selling a Book of Business
Buying another agent’s book is one of the most common ways agencies grow, and how the purchase is structured affects taxes for years. We help you understand the tax treatment before you sign, record the purchase correctly, and plan the cash flow to pay for it.
A CPA Who Knows Your Business
Generic bookkeeping misses the details that matter in your line of work. We take the time to learn how your insurance agency business earns and spends money, keep the books organized around that, and use what we learn to plan taxes and flag problems early.
What We Provide
- Monthly bookkeeping and financial statements
- Business tax preparation
- S-Corp formation and tax planning
- Payroll services
- Part-time CFO guidance for growth decisions
We work with insurance agencies in Edmond, Oklahoma City, and across Oklahoma, and serve clients in other states virtually. See the other industries we serve.
Call (405) 458-8949 or schedule a consultation to talk through your situation.