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Accountants have been busy working against the recent deadline for second-quarter 2012 estimated tax payments. With their own clients looking to tighten their belts and cut back wherever possible, accountants not only need to carefully navigate their clients’ financial statements, but they also need to manage their own professional risk.  

Accountants’ exposures may include cyber liability, changing tax laws, tax implications of health-care reform and providing client service outside of their traditional accounting practice, such as financial planning. To avoid professional liability, insurance agents and brokers can help accountants by identifying their risks and advising them about best-practice management strategies, including:

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