IRS news, Roth conversion considerations, stopping elder financial abuse
Hear about one Inflation Reduction Act concern posed by a leading taxpayer advocate and catch up on recent JofA news and feature articles.
Elder, Special Needs & Chronic Illness Planning
Elder financial abuse: A true cautionary tale
CPAs providing services to elderly individuals play a role in protecting their clients from financial exploitation.
Financial planning impacts of the Inflation Reduction Act
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
When seniors are targeted in schemes
Practitioners need to understand elder fraud and what to do when they find it.
The long-term-care quandary: Helping clients prepare
Long-term care is a critical topic when discussing retirement plans with aging clients.
6 tips for supporting clients through life transitions
Experienced CPA financial planners share tips for helping clients through change.
How to help clients dealing with a loved one’s addiction
CPAs can help families navigate the financial side of substance abuse.
ABLE account final rules provide wide-ranging guidance
Eligible individuals with disabilities received guidance from the IRS on the rules regarding ABLE accounts. Tax-favored ABLE accounts allow eligible individuals to save money to meet qualified disability expenses.
How COVID-19 could affect health spending
Being aware of national trends can help financial professionals assist their individual and business clients prepare for future health spending needs.
Preparing for future health needs
As trusted advisers in their clients’ lives, CPAs can play an important role in long-term health planning.
Forensic accountants team up to fight elder abuse
Forensic accountants play a key role in an innovative approach to combating elder financial exploitation in a program that is spreading nationally.
When planning for a natural disaster, don’t forget about your finances
Margaret Poster, CPA, shares advice for making sure your finances are in shape in the event of a disaster.
What to do with your stimulus check
Many Americans will receive stimulus money to help them weather the pandemic, but what they do with that money will depend on whether they need it right away or can afford to set some aside. CPA financial planners offer advice on how to make the best use of stimulus funds.
How to guard client finances against dementia
Cognitive impairment adds a difficult layer of complexity to a client’s financial plans. Here are steps CPAs can take to protect clients with dementia against fraud.
Government report finds deficiencies in most US hospices
Advise clients to do their research before choosing hospice care.
Planning for Medicare taxes, premiums, and surcharges
Don’t neglect these basic health care considerations in clients’ retirement planning.
Website helps CPAs and clients plan for life and beyond
A monthly look at applications, gadgets, and other technology that can improve a CPA’s job and life. This month: Everplans.com.
Financial planning for clients who have suffered traumatic brain injuries
CPAs need to be prepared to assist clients and their families facing new financial problems due to changing health care needs.
How CPAs can help family businesses with succession planning
Jonathan Flack, CPA, discusses why leaders of family businesses have such a difficult time with succession planning and what CPAs can do to help them.
Prepare clients for a sudden elder health care crisis
This article discusses the challenges your clients could face when suddenly needing to move a parent to long-term care, along with ways you can help them prepare.
