Data Security Plan Template For Accountants

In fact data thefts at tax professionals offices are on the rise.

Data security plan template for accountants. The internal revenue service irs has issued a news release reminding professional tax preparers that they are required by law to have a written data security plan. Cybercriminals are specifically targeting tax and accounting firms at increasing rates. The summit partners urged tax professionals to be aware of their obligations to protect client data and to cooperate with any irs investigation related to data theft. Creating and maintaining a data security plan ensures that tax professionals are reviewing their data security protections and implementing appropriate safeguards. Protect your clients and your practice take action to help you keep your clients safe.

Creating a security plan can help businesses such as tax preparers protect their offices against tax related identity theft. This concludes my 5 step data security plan for small businesses. Written data security plan for tax preparers does anyone have a source for a sample plan for a single person office. There are of course additional layers of security procedures and policies you can add or subtract and that is a decision you must make as a business owner to determine the level of protection needed for your data and your customer s data. In response to the above reply post s questions in the last paragraph it should be noted why a written plan is not only necessary but is the law.

The first step for tax professionals involved deploying the security six basic steps to. Creating a data security plan is the second item on the taxes security together checklist. Data security for tax and accounting firms data security for tax and accounting firms. Thieves use stolen data from tax preparers to create fraudulent returns that are harder to detect. Failure to do so may result in an ftc investigation.

Creating a data security plan is part of the taxes. In addition the irs state tax agencies and the tax industry today reminded tax return preparers that a 1999 law requires that they create and implement a data security plan.