Impact #103 - CAMICO Policyholder Social Media Survey
Be Among the 25 Respondents to Receive a $10 e-Gift Card
05
Feb
13
Jan
CAMICO War Story: Tax return preparation and non-filing of FBAR form. January 2015 – Tip of the Month
“War Stories,” drawn from CAMICO claims files, illustrate some of the dangers and pitfalls in the accounting profession. All names have been changed.
Situation
When James Clay, CPA, put together his clients’ tax organizers and questionnaires, he included the question regarding whether the client had “a financial interest in, or signature or other authority over, any financial accounts (including bank, securities, or other financial accounts) in a foreign country, exceeding $10,000 in the preceding calendar year.”
10
Dec
5 Reasons to Disengage From a Tax Client
Client screening is excellent risk management as well as practice management. It’s the first step in an effective loss prevention program, and it can be used to identify less desirable clients that may be keeping your firm from developing the clients you want. Re-evaluate your relationships with clients on a regular basis—at least annually. The following checklist highlights some of the warning signs that it may be time to disengage from certain clients.
Pages
Latest Articles
-
26 Aug
Introducing Live Chat at CAMICO!
CAMICO is pleased to announce its new Live Chat feature on our company website, www.camico.c... read more -
19 Aug
Do You Believe You Will Never Be Sued?
Some CPAs believe that they will never be sued and therefore believe they do not 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... read more
-
27 Jul
Exclusive Policyholder Benefits
Risk management services and resources to help you with today's practice challenges
CAMICO knows that insurance alone is not a solution for reducing risks. That's why you have access to CAMICO’s proven approaches that have helped numerous CPA firms manage risk and avoid claims.... read more -
27 Jul
War Story 117 - Ransomware Attack
A staff member of a mid-size CPA firm logged into a public wi-fi network at a coffee shop and spent the morning working on firm files while on the public network. A few days later the employee received an email message from a hacker stating that a ransomware attack had encrypted all of the... read more