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ssAdmin Digital Transformation Beats Paperless Processes When firms were forced to work remotely in March of this year, the pandemic exposed the places where “paperless” processes were just “less paper.” Many firms were still sending employees into the office to open mail, scan documents, send invoices and … Arianna Campbell Nov 5th, 2020 For years, the … Read more
New Tax Scam Uses Text Message About Covid Payment The scam text message states: “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept this payment into your account. Continue here to accept this payment …” Nov 4th, 2020 The IRS, state tax agencies and the tax … Read more
New income ranges for IRA eligibility in 2021 IRS Tax Tip 2020-149, November 4, 2020 There are cost‑of‑living adjustments that may affect a taxpayer’s pension plan and other retirement-related savings next year. People should familiarize themselves with these adjustments, so they aren’t caught off guard. Here are some highlights of the 2021 changes: The … Read more
Does Your Firm Have a Clear Vision for Hosting: Public Cloud, Private Cloud, SaaS During the last half of this year alone, we’ve seen outages from Microsoft, Wolters Kluwer, Intuit, and many other applications that are critical for our profession. Are they only ones? Certainly not! If we look back two years, the list becomes … Read more
CAMICO and CPA Mutual Conclude Agreement to Transfer Accountants Professional Liability Insurance Program to CAMICO CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, has reached an agreement with CPA Mutual to transfer CPA Mutual’s Accountants Professional Liability Insurance program to CAMICO, effective Jan. 1, 2021, as … Read more
2021 Social Security wage base announced By Sally P. Schreiber, J.D. October 14, 2020 The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $142,800 in 2021 from $137,700 in 2020. The OASDI tax rate is 6.2%, so an … Read more
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CAMICO Services, Inc. dba CAMICO Insurance Services, CA License #0C09618. CAMICO Mutual Insurance Company, (Rated A- (Excellent) by AM Best) San Mateo, CA, domiciled in California is licensed in all states and the District of Columbia, NAIC #36340. Copyright © 2024 CAMICO. All rights reserved. Website design by StyleSite.