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17 Jun

Taxpayer Filing Requirements for Foreign Accounts

If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct or indirect control over a foreign or domestic entity with foreign financial accounts, even if the taxpayer does not have foreign account(s).

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16 Jun

Protect Your Business with Better Billing and Collection Practices

Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate more fees, and improve cash flow. Many of these steps should begin in advance of a client engagement.

Client screening

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16 Jun

Cyber Best Practices for Remote Work

What cyber best practices does CAMICO recommend for remote work, given the pandemic’s "new normal?"

The sudden transition to accommodate employees working remotely in response to the pandemic had many CPA firms rushing to establish or update their policies and security protocols to address working remotely, given the security challenges not present in traditional office environments.

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Latest Articles

  • 17 Jun

    Taxpayer Filing Requirements for Foreign Accounts

    If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct... read more

  • 16 Jun

    Cyber Best Practices for Remote Work

    What cyber best practices does CAMICO recommend for remote work, given the pandemic’s "new normal?"

    The sudden transition to accommodate employees working remotely in response to the pandemic had many CPA firms rushing to establish or update their policies and security protocol... read more

  • 16 Jun

    Why It is Important to Maintain Prior Acts Coverage

    Do Not Lose Coverage for Your Prior Acts!



    Most Accountants Professional Liability insurance policies are “claims made and reported” policies. Two important features of claims made and reported policies include:

    1. The insurance applies only t... read more