Protecting Your Client Data
As the 2018 tax year approaches, we at Taxware Systems would like to remind tax preparers that protecting taxpayer information is extremely important. This includes protection from environmental risks (e.g. fire, water, tornado, earthquake), business resources (e.g. equipment failure, supply chain disruption, employees) and hostile actors (e.g. hackers, criminals, nation-state actors). The latter has been on the rise in recent years and tax professionals should be prepared for each of these risks.
Protecting your clients isn’t just good business practice, it is mandatory. The Federal Trade Commission’s Safeguards Rule requires all financial institutions to comply with the following:
Here are some simple things to implement in your office: