This is a notice for site visitors.
This is a notice for site visitors
ssAdmin SAN MATEO, CA (May 29, 2014) – CAMICO (www.camico.com), the nation’s largest CPA-focused program of insurance and risk management for the accounting profession, earned $1.2 million in net income and posted a gain in policyholders’ surplus for the year ended December 31, 2013. Total CAMICO policyholders’ surplus for 2013 was $38.5 million, up from the … Read more
Tax season is over, but your firm’s exposure to liability risk is not. CAMICO often hears of CPAs who choose not to purchase Professional Liability Insurance because they think it is unnecessary. Here are 4 reasons why CPAs don’t think they need malpractice Insurance, and how this approach can be risky. “I only do tax … Read more
Last year, the U.S. Department of Health and Human Services (HHS) released the omnibus regulations under the Health Insurance Portability and Accountability Act (HIPAA), including implementing changes made by the Health Information Technology for Economic and Clinical Health Act (HITECH, the final rule). Some of the sweeping changes directly affect business associates. CAMICO has experienced … Read more
As a CPA, you need ‘Errors and Omissions’ insurance to cover damages from an error committed by your firm in providing professional services; and to protect the assets of your firm and partners from the financial consequences of a claim. However, CAMICO frequently hears of CPAs who choose not to purchase Professional Liability Insurance because … Read more
SAN MATEO, Calif.–(BUSINESS WIRE)– CAMICO (www.camico.com), the nation’s largest CPA-focused program of insurance and risk management for the accounting profession, has been named the exclusively endorsed provider of professional liability and employment practices liability insurance for The Kansas Society of Certified Public Accountants (KSCPA). Created by CPAs to protect CPAs, CAMICO provides insurance products and … Read more
In September 2013, the IRS and U.S. Treasury issued final capitalization regulations. These revised regulations, under specified circumstances, permit business taxpayers to make safe harbor elections that would enable them to deduct expenditures that might otherwise need to be capitalized. The focus of this alert is on the de minimis safe harbor election and the … Read more