This is a notice for site visitors.
This is a notice for site visitors
Legalization: What’s ahead with cannabis accounting Ballot initiatives relating to cannabis will be voted on in five states — Arizona, Mississippi, Montana, New Jersey and South Dakota — this November. Topics being considered are presented in Marijuana on the ballot . If you are a CPA working with clients in the cannabis industry, or if you … Read more
Now in Hackers’ Crosshairs: Accounting and Finance Firms Why the escalating cybersecurity threats for finance and accounting firms? For one, you likely have sensitive customer data, in addition to key information about their employees, vendors and customers. This has been a year unlike any other in almost every respect, and cybersecurity is no exception. … Read more
Does Your Firm Have a Clear Vision for Hosting: Public Cloud, Private Cloud, SaaS During the last half of this year alone, we’ve seen outages from Microsoft, Wolters Kluwer, Intuit, and many other applications that are critical for our profession. Are they only ones? Certainly not! If we look back two years, the list becomes … Read more
2021 Social Security wage base announced By Sally P. Schreiber, J.D. October 14, 2020 The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $142,800 in 2021 from $137,700 in 2020. The OASDI tax rate is 6.2%, so an … Read more
CLAIMS HANDLING APPROACH In spite of a CPA’s best intentions, there is always the potential for an error, omission, or client disappointment. CAMICO policyholders work directly with in-house claims specialists who have many years of experience in handling accountants’ professional liability insurance claims. CAMICO follows three basic steps when handling claims: PHILOSOPHY Disputes can impact … Read more
No-Cost In-House Expertise Utilize our in-house specialists who have an average of 16 years of experience in risk management and average of over 20 years of experience in public and private practice per individual. CPAs can call a General Loss Prevention hotline as well as specialized hotlines focused on the following areas: Tax Accounting & … Read more