Category Template for Page - Think Outside the Tax Box

FINANCIAL ADVISORS

By Annette Nellen, CPA, CGMA, Esq.

The Safeguards Rule — Are You Compliant?

Tax professionals must take measures to prevent unauthorized access to customer information. For example, you should limit access to customer data to only those employees who need it for their jobs. Also, outsourcing tax preparation in your firm can impact this security.

In October 2019, the IRS added a new question about data security responsibilities to the form to obtain or renew a PTIN. As a tax professional, it’s important to understand what the Gramm-Leach-Bliley Act requires and how you can comply.

Keep reading to learn what steps you can take to help protect the confidential information of clients and ensure GLBA compliance.

READ MORE
  • NOT A MEMBER YET?

    SUBSCRIBE TO GET ALL OF OUR
    GREAT ARTICLES AND RESOURCES!

  • Scroll to Top
    error: Alert: Content is protected !!