Latest CAMICO News

  • 17 Apr

    Billing, Collecting and Disengagement


    Billing Tips

    If the bill or its description of services is unclear, clients will be inclined to put it aside and to call about it later, lengthening the time it takes to pay the bill. Bills that are standardized, clear, concise and descriptive are more likely to be paid soo... read more

  • 15 Mar

    Prevent Improperly Documented Client Extensions

    If you need information at the last minute to complete a return, have the client send the data via e-mail or fax. The e-mail or fax becomes part of your records and support. Document, document, document!

    Another effective way to prevent the problem of improperly documented cli... read more

  • 24 Feb

    31 Reasons CPAs are Sued

    CPAs who are sued are often in the wrong place at the wrong time with the wrong decision. These situations that landed CPAs in court are real—drawn from CAMICO's claims files.

    1) Trusting a client too much

    A long-time client asked her CPA to perform an audit for a ... read more

  • 10 Feb

    War Story: FBAR reporting; tax return preparation

    For more than a decade, Sidney Swenson, CPA, prepared tax returns for one of his more successful clients, Matt Morrow, a star salesman in the construction supplies industry. Morrow had taken a job five years earlier in sales for Acme Building Products and Supplies, headquartered in the Bri... read more