Gary Bowers Videos

Gary Bowers

Mr. Bowers is the tax partner-in-charge for the public accountant firm of Johnson Lambert LLP. He has served the financial services, not-for-profit, and employee benefit industries for the majority of his 32-year career.

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700 Spring Forest Road, Suite 115
Raleigh, NC 27609
[email protected]
(919) 719-6400

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Mr. Bowers is the tax partner-in-charge for the multi-office certified public accountant (CPA) firm of Johnson Lambert LLP. He has served the financial services, not-for-profit, and employee benefit industries for the majority of his 32-year career and has worked exclusively with his clients in helping them to plan their tax strategies. Mr. Bowers has extensive experience in dealing with corporate tax planning issues, corporate tax compliance, reorganizations, and negotiations with the Internal Revenue Service (IRS) to resolve issues. He also has had experience in dealing with the national office of the IRS related to private letter rulings and change in accounting method requests. Mr. Bowers has also helped clients with their unrelated business income tax (UBIT) issues, proxy tax, supporting organizations, and exempt status.

Mr. Bowers believes in a proactive approach to taxation matters through a complete understanding of each client’s business and its objective. He regularly speaks on taxation matters for Insurance Accounting and Systems Association (IASA), Captive Insurance Companies Association (CICA), South Carolina Captive Insurance Association (SCCIA), and Vermont Captive Insurance Association (VCIA). He has also authored several articles for the National Underwriter, Captive Review (2004), and CICA.

After earning his B.B.A. degree at the University of Georgia, Mr. Bowers attended Georgia State University, where he earned the equivalent of a master’s degree in taxation. He is a CPA.


Gary Bowers

Choosing an Auditor or Tax Preparation Firm

In this video, Gary Bowers of Johnson Lambert provides captive owners with tips on how to choose an auditor or tax preparation firm.

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Gary Bowers

Areas of Focus in Captive Audits

Gary Bowers of Johnson Lambert details three areas (taxes, loss reserves, and investments) auditors are concerned with when dealing with captive insurance companies.

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Gary Bowers

More on Taxation of Cell Captives

Gary Bowers of Johnson Lambert briefly explains what a cell captive insurance company is and discusses cell captive taxation in terms of consolidated versus individual tax returns. Mr. Bowers also touches on 831(b) and the 953(d) federal tax elections.

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Gary Bowers

Disclose Foreign Accounts and Comply with FATCA

The Foreign Account Tax Compliance Act (FATCA), as Gary Bowers of Johnson Lambert explains in this video, was passed by Congress to capture more robust data from persons/entities who have money "hiding" in offshore accounts. Mr. Bowers advises captives to be sure to be in compliance with the Act.

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Gary Bowers

Captives as Asset Protection and Transfer Vehicles

Gary Bowers of Johnson Lambert states that there is a shift in the captive insurance community from monitoring, maintaining, and handling the liability side of the balance sheet to protecting, transferring, and managing assets. Micro-captives, or 831(b) captive insurance companies, have played a role in this shift.

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