• Typical insurers cut down points of contact with policyholders in an attempt to reduce claims and their staffing needs.
  • Five Things to Look For in a CPA Insurance Provider

    Accountants face unique challenges when it comes to CPA liability insurance, and finding the right provider can be difficult. However, a knowledgeable and experienced industry veteran can help you decide on the right company to trust with your insurance and risk management program. Below are five major factors that CPAs should consider.

    Make sure your broker and insurer know the business.

    Reasonable Accommodations for Employees

    During the Great Recession, the total number of discrimination charges filed with the U.S. Equal Employment Opportunity Commission (EEOC) by individuals soared from about 75,000 in 2006 to almost 100,000 in 2010, and then leveled in 2014 and 2015 to just under 90,000.

    The increase in charges can be attributed to a number of factors, but two that stand out are:
    • employees have become more willing to file charges against employers, and
  • Done effectively, a disengagement can leave your client feeling that you have acted in the best interests of both parties.
  • How to Handle Problem Clients

    Problematic or less-than-desirable clients may be keeping your firm from developing the clients it wants. An excellent way to identify those clients is to re-evaluate your client relationships on a regular basis, at least annually. Re-evaluate tax clients while there is still ample lead time before tax season for a client to replace you in the event you decide to disengage.

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    Latest Articles

    • 05 Dec

      Six Tips for Safe Holiday Celebrations

      Employer-hosted events to celebrate the holidays and thank employees for jobs well done often come with liability and other risks when the events include alcohol.

      "Impaired judgment and lowered inhibitions as a result of alcohol consumption give rise to a variety of dangers,... read more

    • 13 Nov

      How to respond to subpoenas

      CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with a number of rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can ... read more

    • 13 Nov

      The New 'Hosting Services' Interpretation

      Under the new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143), effective July 1, 2019, CPA independence is impaired by taking responsibility for hosting a client's data or records. As such, if the only way that the client can access its... read more