CPA Archives

Corporate Transparency Act

February 13, 2024February 13, 2024 by Amber

CAMICO continues to receive inquiries from policyholders regarding implications of assisting clients with the new beneficial ownership information reporting guidelines under the Corporate Transparency Act (“CTA”). CAMICO issued a policyholder Alert in December 2023 on this topic, which included, among other things, a Frequently Asked Questions (“FAQ”) document that highlights many of the common inquiries … Read more

Report Potential Claims and Claims as Early as Possible

February 8, 2024 by ssAdmin

A woman talking on a phone and working on a laptop

CPAs are often so busy that they don’t recognize or acknowledge a potential claim as it is developing. This can be particularly devastating when the damages claimed are significant and are not covered because of late reporting. It’s important to pay attention to potential issues and to report them as soon as there may be … Read more

Indemnification Clauses in Client Agreements…the Saga Continues

February 15, 2024February 2, 2024 by Amber

There has been a significant uptick of clients attempting to embed indemnification and/or hold harmless clauses in various documents executed with CPA firms (e.g., non-disclosure/confidentiality agreements, business associate agreements, data protection agreements, etc.) to shift financial liability through contractual apportionment of risk. CAMICO has also noted an increasing trend of clients pushing back on firms’ … Read more

Claim Chronicles 124

February 22, 2024February 1, 2024 by Amber

Claim Chronicles 124-A Topic: Trustee Role, Services Seth Johnson was married multiple times and had eight children from previous marriages. He married Lindsey Johnson in 2012 and was married to her until his death in 2018. In 1991, Mr. Johnson established the Seth Michael Johnson Living Trust. Upon his death, the Trust was to be … Read more

Q&A with CAMICO Board Member Greg Regan CPA, CFF, MBA

February 22, 2024February 1, 2024 by Amber

Regan was elected to CAMICO’s Board of Directors on June 13, 2023.

Recruit, Engage and Retain: Creating a Workplace Where Your Employees Will Thrive

February 15, 2024February 1, 2024 by Amber

WIIFM, the age-old acronym for “What’s In it For Me,” is the mantra of today’s workforce, whether for prospective candidates or long-term employees. Firms are being pressed into looking for creative ways to attract talent and to retain that talent. And with the cost of onboarding a professional rising to the tens of thousands, firms … Read more

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