This is a notice for site visitors.
This is a notice for site visitors
ssAdmin During the past 28 years that CAMICO Claims and Loss Prevention specialists have helped CPAs with fraud exposures and damages, many lessons have been learned. For instance, CAMICO claims experience consistently shows that fraud and defalcation are major contributors to significant professional liability claims for CPAs, as illustrated by the following chart on “What Causes … Read more
CAMICO policyholders now have a members-only website that is responsive to the latest browser technology, including mobile and desktop devices. The new site offers an enhanced and more efficient experience for users with the newest browsers, and few functional changes. The user experience should be seamless and remain as secure as always. The website will … Read more
What are the issues or consequences to the taxpayer and the tax return preparer if a taxpayer does not comply with the new tangible property regulations (TPRs), i.e., file the required 3115(s)? It puts the client at risk for significant adverse consequences, such as: Permanent differences in deduction for repair and maintenance costs that were … Read more
The Internal Revenue Service (IRS) has issued guidance indicating that health reimbursement arrangements (HRAs) that do not comply with the Affordable Care Act (ACA) are subject to severe penalties. The IRS issued Notice 2013-54 (http://www.irs.gov/irb/2013-40_IRB/ar11.html), offering guidance on the effect of the ACA on certain health care arrangements. Although the guidance also addresses flexible spending … Read more
Since the time this Alert was written, the AICPA has announced that the IRS and Treasury are considering the AICPA’s recommendations to provide relief from the reporting requirements related to the repair regulations. The AICPA stated that it is “hopeful” that the IRS and Treasury “will release some form of relief for small businesses in … Read more
Cybersecurity issues continue to ramp up and are now being discussed by Congressional leaders and President Obama with an eye toward encouraging more cooperation between private sector companies and public sector agencies. The director of the Federal Bureau of Investigation, James Comey, has also weighed in on the issues. Some of his recent comments compared … 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.