Security

Understand your legal and regulatory obligations and develop adequate policies to secure client data and protect your practice.

The final rule, “Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure,” requires greater transparency when organizations experience cyberattacks.

Cyber insurance is now one of the most expensive lines on a firms’ business insurance policy.

The report found that required tracking documents, such as Forms 3210, Document Transmittal, are not included with these shipments and/or not prepared properly.

This marks the eighth year that the Security Summit partners have worked to raise awareness about these issues through the "Protect Your Clients; Protect Yourself" campaign.

Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.

By now, most tax preparers are aware they need to comply with the FTC Safeguards Rule and IRS Publication 4557.  Failure to do so could result in stiff penalties.

It only takes one breach to destroy a firm’s good reputation, and breaches are stressful and costly to remediate.  Plus, most firms cannot afford the possible FTC penalties for non-compliance.