Amber, Author at CAMICO

COMING SOON: A Comprehensive Cyber Solution Platform for CPA Firms with the CyberCPA Endorsement

January 25, 2023January 9, 2023 by Amber

CAMICO is pleased to announce that we have entered into a relationship with Zywave, our strategic partner, to offer qualifying policyholders access to a comprehensive cyber solution platform offering cyber-related assessments; training opportunities, policies and procedures, a phishing test and access to cyber experts via their advice hotline. The new platform’s anticipated go-live is scheduled … Read more

Claim Chronicles 122

January 11, 2023January 6, 2023 by Amber

Topic: Voluntary PaymentsServices: Tax Return Prep, Submission Claim 1: Peter Thompson of A6 Accounting Services received a letter from the state of Michigan advising him that an audit had been performed on his client’s 2021 tax return, and that penalties of $2,888 and interest of $11,679 were assessed. Thompson’s client owns a boat rental company … Read more

Risk Management Considerations for Firms Contemplating Outsourcing

January 11, 2023January 6, 2023 by Amber

A computer with a map and highlighted countries on it

Outsourcing is a hot topic right now for the profession as CPA firms struggle with staffing constraints. Current challenges associated with firms attracting and retaining talent are expansive and include issues such as staffing qualified professionals for complex engagements, employee burnout, unrealistic and “heavy” workloads, as well as limitations on the ability to maintain and … Read more

Employment Applications: More Than Just an HR Best Practice

January 6, 2023January 6, 2023 by Amber

A typewriter with the words "Job Application" written on a piece of paper

Why would we ask a professional candidate with a well-crafted resume to complete an employment application? While many might think that a resume and an employment application are redundant, not all the information requested on an employment application is included on a resume. It is typically a best practice to simply let the candidate know … Read more

Dilemmas Employee Retention Credits Pose for CPAs

October 8, 2024January 6, 2023 by Amber

Ethical Dilemmas Many CPAs are considering (or have used) contingent fee billing arrangements to assist their clients with obtaining Employee Retention Credits (ERC). Unfortunately, many believe they’re permitted to accept contingent fees for amending their clients’ payroll tax and income tax returns. But CPAs are not permitted to charge contingent fees for amending these returns … Read more

Billing, Collecting and Suing for Fees

September 30, 2022September 15, 2022 by Amber

A man and woman working next to each other

Q&A from CAMICO experts on new findings and recent claims involving CPA fees, billings, collections, suits for fees, and arbitration.

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