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CAMICO continues to monitor the information and guidance on COVID-19 relief measures being put into place by regulatory and legislative bodies to combat the detrimental impacts of this pandemic on people, as well as on the economy. Paycheck Protection Program (“PPP”) — Updated Guidance from the SBA On Wednesday, May 13th, the Small Business Administration … Read more

As many counties and states loosen COVID 19–related restrictions for employers across the country, more questions than answers arise regarding best practices in return-to-work procedures. While continuing to allow employees to work in a remote capacity would be ideal, for some firms continuing with a remote work environment might not be feasible. CPA firms are … Read more

President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (“Enhancement Act”) on Friday, April 24th. This legislation infuses $310 billion into the Paycheck Protection Program (“PPP”) with more than $250 billion in unrestricted funds for the program and an additional $60 billion allocated specifically for smaller lending institutions. Given the additional funding … Read more

CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, has received the exclusive sponsorship from the Alaska Society of CPAs (AKCPA) as the preferred provider of professional liability insurance and employment practices liability insurance for AKCPA members. Created by CPAs to protect CPAs, CAMICO provides insurance products … Read more

CAMICO continues to monitor the information and guidance on COVID-19 relief measures being put into place by regulatory and legislative bodies to combat the detrimental impacts of this pandemic on people, as well as on the economy. Although these COVID-19 relief measures are much needed, CAMICO recognizes that the accounting profession faces unique challenges as … Read more

CAMICO has received numerous inquiries from policyholders regarding assisting clients with Paycheck Protection Program (“PPP”) loans . Guidance promulgated by the Small Business Administration (“SBA”) earlier this week created some confusion regarding the accountant’s role and whether accountants are considered “agents” or “authorized representatives” when performing these services. CPAs who assume the role of an … Read more