5 Warning Signs of a Claim

Even when covered by insurance, claims can have a significant impact on your practice in terms of time, money, professional reputation, and peace of mind. By knowing the warning signs of a claim, and calling your risk advisor early on, you can help minimize the impact of lost billable hours, revenue and sleep. What are … Read more

Top 5 Ways a CPA Can Invite a Malpractice Lawsuit

Top 5 Ways a CPA can invite a malpractice lawsuit - how to protect your accounting firm

With our more than 35 years of malpractice claims experience, CAMICO has developed a wealth of information about what causes disputes between CPAs and their clients, what leads to litigation, and how to avoid or minimize the damages from such conflicts. The following five pitfalls are especially prone to litigation but can be avoided when … Read more

Industry News: Factbox: DarkSide hackers in focus after Toshiba attack

Factbox: DarkSide hackers in focus after Toshiba attack A unit of Japan’s Toshiba Corp (6502.T)read more  said on Friday it had been hacked in Europe by the DarkSide ransomware group widely believed to have been behind a crippling fuel pipeline attack in the United States this week.  WHO ARE DARKSIDE? Experts who have tracked DarkSide said … Read more

Industry News: Accountants help restaurants apply for new SBA grants

Accountants help restaurants apply for new SBA grants The Small Business Administration will begin accepting applications Monday for a new program to help hard-hit restaurants reopen during the pandemic, and some firms are preparing clients to apply. The SBA plans to open the application window for the Restaurant Revitalization Fund at noon EDT on Monday. Registration for the … Read more

Industry News: The pandemic pushed us forward. Let’s keep evolving

The pandemic pushed us forward. Let’s keep evolving Continue the changes you’ve made into 2021 and beyond. A close friend of mine had a slight stroke, and it changed his life for the better. He immediately made changes to his lifestyle, eating, and exercise habits. Today, he is healthier, happier, and more productive. All of … Read more

Industry News: 2021 child tax credit, EITC, and premium tax credit limits updated

2021 child tax credit, EITC, and premium tax credit limits updated The IRS on Monday issued adjusted amounts for the child tax credit, the earned income tax credit (EITC), and the premium tax credit (PTC) for 2021, to reflect changes enacted in the American Rescue Plan Act of 2021, P.L. 117-2 (Rev. Proc. 2021-23 ). … Read more