With the 2019 tax season approaching, ensure your small business clients are on-guard against a growing wave of identity theft and W-2 scams. The IRS and its Security Summit partners advise that small business identity theft is big business for identity thieves, who use stolen identities to open credit card accounts and file for fraudulent refunds.
In addition, tax professionals should adopt new, stronger standards to protect their passwords. The latest guidance suggests adopting a passphrase such as a favorite line from a movie or a series of associated words that can be easily remembered.
For tips on how to protect your data, visit Protect Your Clients; Protect Yourself.