A cyber coverage “Fire Drill” – professional liability insaurance implications of the CCH Axcess (Wolters Kluwer Tax & Accounting) malware attack.
By Rickard Jorgensen, FCII, ARM, ACIArb Last Monday we received a flurry of frantic phone calls from clients about the denial of access to the CCH Axcess program. On Monday May 6, between the hours of 8-10 a.m. E.T., accountants across the country started realizing their CCH products, which are based in the cloud, were […]
According to the AICPA, in 1990 tax engagement were responsible for 42 per cent of all malpractice claims filed against CPA. Fast-forward to today and that apportionment of losses hasn’t change much. In fact, according to the same source, tax claims against CPAs can be quantified as follows: 55% of total number of claims against […]
Here’s an article from CPA Trendlines by Rick Telberg which is pretty helpful. The salient point according to Experian are that Tax filers should keep the following actions in mind when submitting taxes this year: Do: Research any paid preparer or tax-preparation software. While plenty of free help can be found online, scammers also are out […]Read More