Recognizing the Signs of Elder Abuse

By Randy R. Werner, J.D., LL.M./Tax, CPA

The elderly population in the U.S. (those 65 and older) is projected to grow to 80 million by the year 2050, and the incidence of elder abuse, including the hard-to-detect financial and material exploitation perpetrated against elders, is also expected to grow. Financial neglect, financial exploitation, and health care fraud are among the more egregious abuse in this category of elder abuse.

Taxpayer Filing Requirements for Foreign Accounts

If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct or indirect control over a foreign or domestic entity with foreign financial accounts, even if the taxpayer does not have foreign account(s).

Protect Your Business with Better Billing and Collection Practices

Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate more fees, and improve cash flow. Many of these steps should begin in advance of a client engagement.

Client screening

Pages

Latest Articles

  • 18 May

    Plan Ahead: Practice Continuation for Small Firms

    By Suzanne M. Holl, CPA

    No one likes to think about it, but as we age, some of us will become critically ill or injured, and some of us will experience a long-term disability. Family emergencies and obligations can also call CPAs away from their businesses for long pe... read more

  • 17 May

    Crypto: Thinking Future Risk and Defensive Documentation

    "Hope for the best, plan for the worst" — a very sound risk management approach. When it comes to your client being exposed to cryptoasset risk "plan for the worst" is necessary. No one at CAMICO, or anywhere else, knows whether cryptoassets will suffer a crash in value. What we at CAMI... read more

  • 17 May

    The Dos and Don'ts of Disengaging

    Whether due to the "great resignation," the "great reassessment," or the "baby boomer departure," the CPA profession is experiencing a diminishing workforce while facing "standards overload," handling a variety of relief programs, coping with innumerable IRS issues, and dealing with the co... read more