Final DOL Regulations Issued
In the December 2015 issue of Insights, I wrote about the Proposed DOL Amendments. Those Amendments have been modified and now finalized. What is important for you to know? These new regulations go into effect on December 1, 2016 but you and your clients need to be prepared and take potential action now. Any employee paid less than $47,476 on an annual basis must be classified as non-exempt and be paid overtime at the rate of 150% of ...
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A Chair's View
In Baltimore, I spoke to over 200 of you and thanked you for this great honor to lead our terrific organization and its great members. I can tell you that I wouldn’t have achieved the success that I have in my firm without the assistance of what I have learned at the National Practice Management Conference, from the CPAFMA and from the many great friends that I have met over the years. The Board of Directors could not contribute to ...
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Phishing and Compromised Passwords Top Causes for Last Year's Security Breaches
Verizon released their ninth annual Data Breach Investigations Report (2016DBIR) earlier this year, which reports on the major security breaches and methods used by hackers to compromise businesses and governmental organizations. When it comes to hacking, organized crime syndicates lead the way with phishing email schemes that are culpable in 89% of security breaches, followed by “state-affiliated actors” which accounted ...
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CalCPA Presents Grimbleby Coleman CPAs with Public Service Award for Firms
For its commitment to services to the community, the California Society of CPAs (CalCPA) has named CPAFMA firm member, Grimbleby Coleman CPAs, headquartered in Modesto, recipient of its 2016 Public Service Award for Firms. CalCPA annually presents the award to recognize a firm for its public service contributions at the local, state or national level. The award intends to encourage more CPA firms to initiate or increase their community ...
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Ransomware Hits Legal Profession
According to Jorgensen & Company, a wave of ransomware is hitting lawyers on the west coast, causing state bars to issue warnings. The emails appear to be from state bar associations and reference a complaint, the details of which claim to be in an attached document. That document contains the ransomware. This isn't an unusual attack, but the apparent infection rate at small/solo firms is significant. While this ...
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