Taxpayer Filing Requirements for Foreign Accounts

If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct or indirect control over a foreign or domestic entity with foreign financial accounts, even if the taxpayer does not have foreign account(s).

Protect Your Business with Better Billing and Collection Practices

Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate more fees, and improve cash flow. Many of these steps should begin in advance of a client engagement.

Client screening

Cyber Best Practices for Remote Work

What cyber best practices does CAMICO recommend for remote work, given the pandemic’s "new normal?"

The sudden transition to accommodate employees working remotely in response to the pandemic had many CPA firms rushing to establish or update their policies and security protocols to address working remotely, given the security challenges not present in traditional office environments.

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Latest Articles

  • 13 Jan

    Top 5 Ways a CPA Can Invite a Malpractice Lawsuit

    With our more than 35 years of malpractice claims experience, CAMICO has developed a wealth of information about what causes disputes between CPAs and their clients, what leads to litigation, and how to avoid or minimize the damages from such conflicts. The following five pitfalls are espe... read more

  • 10 Jan

    Ric Rosario Named in Top 100 People in Accounting

    CAMICO President and CEO Ric Rosario, CPA, was recently named one of Accounting Today's "Top 100 Most Influential People in Accounting: The thought leaders and change-makers who are shaping the profession." Here is the entry for Rosario in the Top 100 list:

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  • 07 Jan

    War Story 120-A

    Topic: Fraud, PPP loan

    Services: Tax return preparation, financial st... read more

  • 07 Jan

    War Story 120-B

    Topic: Fraudulent PPP loans

    Services: Tax return preparation
    read more