subject to multiple billing fees. Due to
the high costs associated with multiple
printings and mailings, after 30 days,
a second invoice will be issued and a
$10 fee applied. After 60 days, a third
invoice will be issued and an additional
$10 fee applied.
your status as of March 31, 2013.
If your circumstances changed af-
ter that date, it will be reflected in
next year's dues invoice. If your
circumstances changed prior to
March 31, please contact Liz Frazza
at 860-258-0220 or firstname.lastname@example.org.
firm at once?
gle "firm invoice" listing all members
at your firm. To learn more or sign
up, contact Liz Frazza at 860-258-
0220 or email@example.com.
www.ctcpas.org/dues or simply mail
one check for the firm; please be sure
you include all of the individual invoices.
a lower dues rate. Billing codes are
based on your status as of March 31,
2013. If you retired before that date,
please contact Liz Frazza at 860-258-
0220 or firstname.lastname@example.org and she will up-
date your status and reduce your dues
amount. If you are semi-retired (for ex-
ample, only working during tax season),
you must still pay the regular member
rate. You must be fully retired from all
employment to pay the retired rate.
charitable contribution but may be de-
ductible as an ordinary and necessary
business expense. However, a portion
of dues (4.8 percent for the year end-
ing March 31, 2014) is not deductible
to the extent that the CTCPA engages
remain a member?
if we can help you discover more value
in your membership. Please call Liz at
mail or email (to email@example.com) a let-
ter of resignation no later than August
16, 2013 to resign in good standing.
here are some frequently asked questions regarding dues payments.
by password. Consider engaging fo-
rensic information technology experts
to define the scope of the problem. In
addition, if the possibility of identity
theft or other criminal action is present,
inform appropriate law enforcement
agencies of the situation.
ing applicable notification laws and
how to manage media coverage of
the breach. Notification of federal
and state regulators, i.e., state attor-
ney general, may be required in some
states. Because clients expect ac-
counting firms to safeguard personal
and financial information, a data breach
can tarnish the firm's reputation. You
may begin to repair trust and reduce
further losses by offering credit moni-
toring and identity theft case manage-
ment services to affected clients.
Most states now mandate notification
of customers whose confidential data
may have been exposed. Federal laws
also may be implicated with respect to
breach notification. Firms that have ex-
perienced a data security breach also
may be required to pay for credit moni-
toring services for potential victims.
Some breach of data security laws re-
quire firms to warn affected persons of
the risk of identity theft and fraud within
a stipulated timeframe, sometimes as
expeditiously as 12 hours.
risks associated with client data expo-
sure, theft, or alteration cannot be tak-
en lightly. Data breaches have become
more common and costly. Establishing
an effective data security program and
preparing a post-incident response
plan can help protect both clients and
sequences of data security breaches.
sible for its content. The purpose of this article is to provide information, rather
than advice or opinion. It is accurate to the best of the author's knowledge
as of the date of the article. Accordingly, this article should not be viewed
as a substitute for the guidance and recommendations of a retained profes-
sional. In addition, CNA does not endorse any coverages, systems, processes
or protocols addressed herein unless they are produced or created by CNA.
Any references to non-CNA websites are provided solely for convenience, and
CNA disclaims any responsibility with respect to such websites.
for illustrative purposes only and any similarity to actual individuals, entities,
places or situations is unintentional and purely coincidental. In addition, any
examples, including the sample letter, are not intended to establish any stan-
dards of care, to serve as legal advice appropriate for any particular factual
situations, or to provide an acknowledgement that any given factual situation
is covered under any CNA insurance policy. Please remember that only the
relevant insurance policy can provide the actual terms, coverages, amounts,
conditions and exclusions for an insured. All CNA products and services may
not be available in all states and may be subject to change without notice.
to any resources in this material are not intended to: (a) be used or relied
upon by any taxpayer for the purpose of avoiding any federal tax penalties; (b)
promote, market or recommend any products and/or services except to the
extent expressly stated otherwise; or (c) be considered except in consulta-
tion with a qualified independent tax advisor who can address a taxpayer's
companies, is the underwriter of the AICPA Professional Liability Insurance
Program. CNA is a registered trademark of CNA Financial Corporation. Copy-
right © 2013 CNA. All rights reserved.