Securing Your Tax Business: Avoiding Litigation and Sanctions
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will cover critical policies and procedures that firms providing tax services must have in place to ensure compliance with the FTC and IRS guidelines, circumvent data security breaches, and avoid related sanctions. Our authoritative panel of veteran tax advisers will describe cybersecurity measures and policies to protect taxpayers' information and deter potential litigation and penalties.
Outline
- Securing your tax business: introduction
- Client due diligence
- Compliance with tax laws and regulations
- Data security measures
- Cybersecurity measures: WISP
- Employee screening and training
- Communications protocols
- Cooperation with regulatory authorities
- Internal investigation protocol
- Legal counsel and professional advisers
- Continuous improvement
- Conclusion and recap
Benefits
The panel will cover these and other critical issues:
- Implementing a WISP
- Avoiding criminal and civil penalties for noncompliance with required cybersecurity measures
- Steps to screen and train employees
- Performing thorough due diligence when accepting new clients
- Cybersecurity measures to protect clients' PII
Faculty
Shauntee Billups
Owner
Luxury Tax Services
Ms. Billups is fueled by a burning desire to empower others both financially and mentally. She dedicates herself to... | Read More
Ms. Billups is fueled by a burning desire to empower others both financially and mentally. She dedicates herself to helping individuals align their minds, body, and business. Having triumphed over an intense nearly 6 figure IRS audit without incurring any fines, Ms. Billups started Luxury Pro Tax Solutions to help fellow tax professionals in starting, growing, and scaling their businesses. Through her teachings, she provides invaluable knowledge on maintaining compliance with the IRS but also shares strategies for implementing efficient systems, ensuring seamless business operation, and ultimately, securing financial success.
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Josie Harris-Walton, Esq.
Partner
Quintairos, Prieto, Wood & Boyer
Ms. Harris-Walton is an accomplished attorney with an illustrious reputation in tax law, Ms.... | Read More
Ms. Harris-Walton is an accomplished attorney with an illustrious reputation in tax law, Ms. Harris-Walton is affectionately known as the "TaxPros Attorney." She is renowned for her innovative TaxPros Concierge framework, a solution that ensures tax professionals remain in compliance with the IRS and tax laws, granting them relief for any legal entanglements or imprisonment. Ms. Harris-Walton's educational background is just as impressive, holding a Master of Law in Taxation (LL.M. in Taxation) from DePaul University School of Law. Driven by her passion and dedication to helping tax professionals and businesses resolve complex tax and corporate issues have made her a trusted advisor in the industry. With more than a decade of experience in the legal profession, Ms. Harris-Walton has garnered accolades for her expectational skills, unwavering attention to detail, and client-focused approach. She strives to guide her clients through the intricates of tax and corporate law. Ms. Harris-Walton is committed to helping her clients navigate the often complex and challenging world of tax and corporate world with ease and confidence.
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