Treasury provides information and online sign-up for new myRA accounts

On its website at, the Treasury Department began providing information about myRA retirement savings accounts for individuals and employers and an electronic application. President Barack Obama announced the accounts in 2014 as a way for new savers, especially employees whose employers do not offer a Sec. 401(k) or other qualified plan, to save for retirement. Although the IRS has not provided guidance on its tax treatment, a myRA account is a “new type of Roth IRA” that has no fees and invests contributions exclusively in a “new United States Treasury security,” according to Treasury. Employees own the accounts and can continue using them if they change jobs. They can build savings for 30 years or until the account reaches a balance of $15,000, whichever comes first. The accounts can be rolled over into a traditional Roth IRA at any time.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.