It’s a tough year for year-end tax planning
Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate.By Dave Strausfeld, J.D. November 16, 2020 Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA’s Personal Financial Planning Section.
Ballot initiatives relating to cannabis will be voted on in five states — Arizona, Mississippi, Montana, New Jersey and South Dakota — this November. Topics being considered are presented in Marijuana on the ballot. If you are a CPA working with clients in the cannabis industry, or if you think you might in the future, you’ll want a firm grasp of the issues regarding cannabis accounting.
Cannabis? Marijuana? THC? CBD? Hemp?
Now in Hackers' Crosshairs: Accounting and Finance Firms
Why the escalating cybersecurity threats for finance and accounting firms? For one, you likely have sensitive customer data, in addition to key information about their employees, vendors and customers.
This has been a year unlike any other in almost every respect, and cybersecurity is no exception. Here's why the changing threat landscape could give a scare to accounting and finance firms — and what they can do about it.
81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021
During the executive keynote presentation at Audit & Beyond, attendees were asked questions about the risks their businesses face as a result of the pandemic and looking forward. Responses reveal an evolving risk landscape with a variety of different ...
4 Tips for Preventing ACH Credit Fraud
Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud.
Winners and Losers of the Third Wave of Tax TechnologyAs the data digitization of tax now moves into its third phase, we are seeing clear gaps emerge related to the massive assets counted under the header of Tax Credits & Incentives (C&I.) So many organizations fail to appropriately prioritize C&I that ... Laurence Sotsky Nov 4th, 2020
Does Your Firm Have a Clear Vision for Hosting: Public Cloud, Private Cloud, SaaS
During the last half of this year alone, we've seen outages from Microsoft, Wolters Kluwer, Intuit, and many other applications that are critical for our profession. Are they only ones? Certainly not! If we look back two years, the list becomes onerous.
2021 Social Security wage base announcedBy Sally P. Schreiber, J.D. October 14, 2020
Accountants (CPAs) can receive training and NASBA-accredited CPE through the many free CAMICO educational opportunities available to CAMICO policyholders. In-depth risk management training provides up-to-date information and insights on issues of significance to the accounting profession. All CAMICO policyholders have access to the following:
A new online insurance application from CAMICO has been streamlined for smaller CPA (accounting) firms. Accountants (CPAs) can secure their future with an easy-to-sign-up professional liability insurance policy.
Simplified insurance application speeds up quoting and purchasing for smaller CPA (accounting) firms.
CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, has announced a new streamlined and user-friendly insurance application for smaller CPA (accountant) firms.
Our tax engagement letters are updated for the 2014/2015 tax year and are available in the Engagement Letters Resource Center on the CAMICO Members-Only Site. Some letters have both “standard” and “expanded” versions. The expanded versions are generally intended for more complicated engagements, but please use your professional judgment as to which version is suitable for each client.
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 also further enhance the ease of doing business with CAMICO, including our e-business functions.