Firm Advice

CAMICO was recently honored by the Washington Society of Certified Public Accountants (WSCPA) as the society’s 2014-2015 Business of the Year. Rich Jones, CPA, CGMA, president and CEO of the WSCPA, presented the award to CAMICO at the company’s Annual Meeting in San Mateo, Calif., on June 9, 2015. The WSCPA has been a sponsor … Read more

In the preceding issue of IMPACT (103), we asked readers to complete a brief survey to help CAMICO better understand the social media habits and practices of our policyholders. Here are highlights of the survey results: 1) Most survey respondents (56% to 84%) use social sites such as Facebook, Twitter, LinkedIn and YouTube for both … Read more

CAMICO offers several hours of free CPE to policyholders each year through webcasts on the LearnLive platform (https://university.learnlive.com/camico). We provide education on risk management specifically for CPA firms, brought to you by our experts, many of whom are CPAs themselves. You won’t find this level of expertise and depth of risk management content anywhere else. … Read more

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 changes the due dates for partnership and corporate income tax returns as well as for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), among other items. For taxable years beginning after Dec. 31, 2015, the Act changed certain return due … Read more

The marijuana industry is a prime example of a “current, emerging and future” risk area, given the number of perplexing difficulties CPAs face when trying to assess the special considerations pertaining to marijuana business clients and to the CPA firms that service such clients. At the heart of the difficulties is the split between federal … Read more

By Duncan B. Will, CPA / ABV / CFF, CFE AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review Services (SSARS) No. 21 in October 2014. This Standard marked the conclusion of the ARSC’s Clarity Project, which clarified and modified existing standards covering the performance of review and compilation … Read more