This is a notice for site visitors.
This is a notice for site visitors
Amber Shannon Comer Shannon Comer was promoted to Vice President of Claims, effective March 31, 2023. In this role, Comer is responsible for the overall direction, coordination, and evaluation of the Claims department. Comer has been with CAMICO since July 2021, learning the unique nature of claims that arise from CAMICO’s CPA policyholders. She has been … Read more
Mike Ray joined CAMICO as Chief Financial Officer (CFO) on Feb. 20, 2023. In this role, Ray oversees all finance functions of CAMICO and its subsidiaries. Ray is a CPA, previously with PricewaterhouseCoopers (PwC), and for the past 22 years served … Read more
Some CPAs believe that they will never be sued and therefore believe that they don’t need professional liability or other forms of insurance. The reasons for this position vary, but some common ones include, “I don’t make mistakes,” “All of my clients are friends,” or “I do tax work only.” The problem with this approach … Read more
CPA liability exposures during tax season are always a concern. However, liability exposures during this tax season are even more exacerbated given the added complexities with increased economic and tax-specific relief measures. As a reminder, here are some actions that practitioners can take to successfully manage risk exposures. Defensive documentation is essential to successfully manage … Read more
CAMICO is pleased to announce that we have entered into a relationship with Zywave, our strategic partner, to offer qualifying policyholders access to a comprehensive cyber solution platform offering cyber-related assessments; training opportunities, policies and procedures, a phishing test and access to cyber experts via their advice hotline. The new platform’s anticipated go-live is scheduled … Read more
Topic: Voluntary PaymentsServices: Tax Return Prep, Submission Claim 1: Peter Thompson of A6 Accounting Services received a letter from the state of Michigan advising him that an audit had been performed on his client’s 2021 tax return, and that penalties of $2,888 and interest of $11,679 were assessed. Thompson’s client owns a boat rental company … Read more