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CPAs work hard for their clients, but clients don’t always show their accountants the same regard. Sometimes a client won’t pay their accountant. CAMICO has years of experience helping its CPA policyholders recover fees. This post will explain some of the ways you can try to get your money. Disengagement The best way to avoid … Read more

Divorce can be a highly charged situation for CPAs, especially when one accountant represents both parties in a divorce. CAMICO has more than 30 years’ experience handling such situations. These are some of our best practices for CPAs with divorcing clients. Representing both sides in a divorce is a potential conflict of interest Representing both … Read more

If you need information at the last minute to complete a return, have the client send the data via e-mail or fax. The e-mail or fax becomes part of your records and support. Document, document, document! Another effective way to prevent the problem of improperly documented client extensions is a written confirmation of the amounts … Read more

For more than a decade, Sidney Swenson, CPA, prepared tax returns for one of his more successful clients, Matt Morrow, a star salesman in the construction supplies industry. Morrow had taken a job five years earlier in sales for Acme Building Products and Supplies, headquartered in the British Virgin Islands (BVI). Morrow was a U.S. … Read more

Wally Bitman, CPA, a sole practitioner, was behind on completing a client’s tax return. It wasn’t totally his fault—a glitch in his tax preparation software meant fixing many other clients’ returns as the April deadline approached. One of Bitman’s wealthier clients was always late with his information. This year, he’d definitely need to file an … Read more