Day: September 27, 2018

CAMICO named Andrew M. Eassa, CPA, CVA, as chairman of the company’s board of directors at the CAMICO annual meeting last June. Eassa succeeds Robert P. Evans, CPA, who served as chairman from 2012 to 2018. Evans will continue to serve on the CAMICO board of directors. Eassa was appointed to the CAMICO board of … Read more

By Josh Yager and Ryan Wolfshorndl, Anodos Advisors So, you’re a CPA and a trustee. You said “Yes” when your client asked, “Will you serve as my successor trustee?” We don’t need to belabor why you said yes, or whether you regret saying yes, or if your partners are happy about your decision. What’s done … Read more

#112: Service Guarantee; Tax Penalty — Late reporting of a potential claim and a service guarantee caused a firm to miss out on insurance coverage, a deductible reduction, and valuable services. Click here to begin the quiz

Who is asking you to indemnify them? Most often you will be asked by your client to indemnify them. Sometimes a third party may ask. Why are you being asked to indemnify? Determining the answer may provide information in order to suggest an alternative that is acceptable to all parties. What exposure is the subject … Read more

Indemnification and hold harmless clauses dictate the degree of liability of each party and the extent that each party takes on or shifts risk. Certain courts have found that hold harmless is not distinct and is the same as indemnification, while others have found the duty to hold harmless is broader than indemnification, as it … Read more