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Industry News: IRS to Start Masking Details on Business Tax Transcripts

IRS to Start Masking Details on Business Tax Transcripts A tax transcript is a summary of a tax return. Transcripts are often used by tax professionals to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts for income verification purposes. Nov 13th, 2020 Moving to protect … Read more

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CAMICO Welcomes CPA Mutual Policyholders

Ric Rosario, President and CEO of CAMICO Mutual Insurance Company, and the entire CAMICO team welcome CPA Mutual policyholders to the CAMICO program! On this page, please find links to: A press release regarding the transfer of policyholders The video featuring Ric, Bill Thompson, President of CPA Mutual, and Tom Warner of the CAMICO Communications … Read more

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Industry News: Now in Hackers’ Crosshairs: Accounting and Finance Firms

Now in Hackers’ Crosshairs: Accounting and Finance Firms Why the escalating cybersecurity threats for finance and accounting firms? For one, you likely have sensitive customer data, in addition to key information about their employees, vendors and customers.   This has been a year unlike any other in almost every respect, and cybersecurity is no exception. … Read more

Industry News: 81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021

81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021 During the executive keynote presentation at Audit & Beyond, attendees were asked questions about the risks their businesses face as a result of the pandemic and looking forward. Responses reveal an evolving risk landscape with a variety of different … Nov 12th, … Read more

Industry News: 4 Tips for Preventing ACH Credit Fraud

4 Tips for Preventing ACH Credit Fraud Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud. Josh Cyphers Nov 10th, 2020 Forced to work from home during COVID-19, accounts payable … Read more

Minimizing Human Error in Cyber-Security

CPA firms are primary targets for cyber criminals, and firms of all sizes are subject to breaches and ransomware events. Smaller and midsized firms should not get a false sense of “security by obscurity.” Even if a firm is not specifically being targeted, it may fall victim to a breach or ransomware event because of … Read more

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