Compliance
| Business Services & Solutions - Online Secure Client Portal |
Is Your Tax Preparer Compliant or helping you get compliant?
These are important question to ask yourself, ID theft and such crimes are becoming more and more prevelant and assuring that you have a CPA that respects your privacy and takes severe measures to protect your information by becoming compliant and providing you with tools and informtion to do the same is very important to your financial health. Rest asure we are providing you with security, compliance, savings and peace of mind.
Gramm-Leach-Bliley Compliance
All tax, accounting, and CPA firms, regardless of size, must comply with The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999.
The GLBA was enacted to protect consumers' private financial information and governs the collection and disclosure of clients' financial information by financial institutions, CPAs, accountants and tax preparers.
Requirements
GLBA requires all financial institutions, CPAs, accountants and tax preparers to design, implement, and maintain safeguards to protect their client's information.
Financial firms must comply with these three objectives...
- Ensure the security and confidentiality of their client's information.
- Protect against any anticipated threats or hazards to the security or integrity of such information.
- Protect against unauthorized access to or use of such information that could result in substantial harm or inconvenience to any client.
Penalties for Non-Compliance?
GLBA includes severe civil and criminal penalties for noncompliance. Civil penalties include fines up to $100,000 for each violation, and key officers may be fined up to $10,000 per violation.
How Tax Recovery Services Keeps You in Compliance
Tax Recovery Services provides the Most Secure Client Portal
available on the market. Your data is protected in extremely secure environments. Most Client Portal vendors provide 5 or 6 layers of security. Tax Recovery Services protects you with 14 Full Layers of Security.
More Information
http://www.ftc.gov/privacy/privacyinitiatives/financial_rule.html
http://www.ftc.gov/privacy/privacyinitiatives/safeguards.htm
Sarbanes-Oxley Compliance
Sarbanes-Oxley was enacted by the U.S. Congress in 2002 to prevent document alteration or destruction by public corporations or their accountants and auditors. This law provides severe penalties for any firm who knowingly alters any record with intent to impede an investigation.
The Vault's Secure File Exchange and Document Management Systems protect your firm by providing an audit trail of file access and modifications.
| < Prev |
|---|
