ssAdmin

#111-A: Tax Return Preparation, Hacker Attack — When a hacker penetrated the CPA firm’s computer network, the firm’s cyber coverage responded with an investigation and comprehensive services. #111-B: Business Management Services, Email Fraud — The client’s email and voicemail had been penetrated by a “man in the middle” who was able to prompt a transfer … Read more

The significant changes brought about by the passage of the Tax Cuts and Jobs Act (“Tax Act”) last December are complex and wide-ranging. Impacts to CPAs and their clients include uncertainties and new concepts that are further complicated by the extent to which individual states will conform to the law. CAMICO issued a policyholder Alert … Read more

The IRS issued a warning this month in response to a scam that began with data stolen from tax professionals’ computers. The IRS also recommends steps that practitioners should consider to secure their data. Also included are CAMICO risk management tips. When real client data is used to file fraudulent tax returns, it becomes much … Read more

CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, has appointed Michael Ryder as Vice President of Sales, Marketing and Communications. Ryder has more than 25 years of experience in professional liability insurance programs, sales and program development, marketing, management, and underwriting. Prior to joining CAMICO, he was executive … Read more

Preparing tax returns for a married couple getting a divorce, or for business owners or partners in dispute, are highly charged situations that can present potential conflicts of interest. What’s the best way to navigate such situations? Friendly divorcing couples might start out in a cooperative spirit, but sometimes that will deteriorate as negotiations proceed … Read more