Click Here for a free estimate!

42 West Allendale Avenue
Allendale, NJ
1 (877) CPA-GOLD

When to disengage

Post Image

by Rickard Jorgensen, FCII, ACIArb., ARM Suspending services to a client can be fraught with problems and if not handled carefully could result in a malpractice lawsuit.  The following scenarios may be the most obvious signs that it is time for you and your client to go your separate ways. Unresponsive or evasive clients If […]

Read More

W2 Phishing scams

Post Image

What has become a common feature of the post-Holiday season is the W2 phishing scam.  This is a sophisticated social engineering attack to dupe clients’ payroll and HR departments into providing W-2 data on employees, to enable the crooks can file fraudulent tax returns.  For several years, these criminals have been the cause of identity […]

Read More

Example IRS Circular 230 Email Disclaimer

A client recently requested an appropriate disclaimer for email communications. Ralph Picardi, risk management consultant to CPAGold™, suggested the following clause.  This is a repeat of our earlier posting here but worth restating. Example IRS Circular 230 Email Disclaimer (Following 2014 Revisions to Treasury Regulations) This example email disclaimer is intended solely for general educational […]

Read More

How comprehensive is your coverage? Why a limitation in your professional liability policy for negligence only is a very bad idea.

Post Image

by Rickard Jorgensen, FCII, ACIArb., ARM Recently one of our competitors relaunched and rebranded its accountants’ professional liability program. The new program was promoted as broader coverage and an enhancement upon the previously terminated program.  There were various “bells and whistles” added to the program but one important feature was conspicuously overlooked and omitted from […]

Read More

Today’s Cyber Nightmare.

by Rickard Jorgensen, FCII, ACIArb., ARM. You could lose many, many hours of sleep if you read every one of the cyber articles that are being aimed at CPAs right now. However, if you haven’t thought about the risks to your firm from cyber attacks the insomnia is probably well deserved. A recent article in […]

Read More

Trade Errors – Is Your Wealth Management Practice Covered?

Post Image

by Rickard Jorgensen, FCII, ACIArb., ARM We received an enquiry recently from a firm that was reviewing their compliance standards. The compliance process required the firm ensure that there was a particular form of errors and omissions in place, either through the firm’s professional liability program or as a separate investment professionals’ policy. This coverage […]

Read More

Equifax Breach – what to tell clients

Post Image

We have received a number of inquiries from CPA firms asking about what advice they can give to clients to assist them to estsablish whether a client’s Personal Identifiable information has been compromise by the Equifax breach. The following is a draft of a communication that can be modified to fit the needs of your clients here. […]

Read More

Can a Single Lawsuit = Multiple Claims?

by Seth L. Laver, Michael P. Luongo and Michael T. Glascott Professional liability insurance is necessary to any responsibly-run professional practice. The limits of coverage available under an E&O policy help to protect professionals against financial loss.  However, the limits of coverage between different policies do not necessarily offer the same protection, even if the […]

Read More

Malpractice coverage for retirees

What happens to your exposure for past acts when you cease practicing? Over the past years we have often received inquiries from clients that are considering retirement and are concerned about residual prior acts exposure.  No-one wants to have their golden years disturbed by an ugly, uninsured malpractice lawsuit.  Before packing the golf clubs or […]

Read More

How To Minimize The Damage Of Lawsuits

by Rickard Jorgensen, FCII, ACIArb., ARM   Things Beyond Your Control That Precipitate Lawsuits With the advent of the computer era and information age, the cultural and business climate of the nation, and world, has shifted. Businesses have become more complicated, as attitudes sanction greater and greater risk-taking. No longer are there sure-fire lifetime jobs […]

Read More