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03 Apr

CPAs as Agents for Small Business Administration Paycheck Protection Program (PPP) Loans

CAMICO has received numerous inquiries from policyholders regarding assisting clients with Paycheck Protection Program ("PPP") loans.

Guidance promulgated by the Small Business Administration ("SBA") earlier this week created some confusion regarding the accountant’s role and whether accountants are considered "agents" or "authorized representatives" when performing these services.

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23 Mar

CAMICO Guidance Related to Stay-at-Home Orders

As of the timing of this communication (March 23, 2020), CAMICO is aware of four states (CA, IL, NJ and NY) that have issued formal state-wide orders for all residents to stay at home, with several other states (CT, DE, KY, OH, LA, MA, MI, NV, PA and WI) announcing similar orders to be executed in the next day or so. More states are expected to announce comparable orders in the very near future. The common thread in all of these orders is the intent to restrict non-essential movements in an effort to control the spread of the coronavirus that threatens to overwhelm the medical system.
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Latest Articles

  • 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