- MyTAXPrepOffice Editorial Group
Data Security Information for National Small Business Week
During National Small Business Week, the Internal Revenue Service (IRS) is emphasizing the importance of data security for entrepreneurs. With scams and cyberattacks targeting financial, personal, and employee information, safeguarding against these threats is critical. Phishing scams, including spearphishing, remain common tactics, with small businesses often targeted for sensitive data like Form W-2s.
Basic Steps to Protect Your Data
Cybercriminals operate globally, exploiting vulnerabilities in human behavior and computer systems. Without robust cybersecurity measures, small businesses become easy prey for identity theft and financial fraud. The IRS advises staying vigilant and implementing technologies and practices to protect business data. Basic steps like updating software, securing networks, and training staff on data protection are essential defenses against cyber threats.
Did You Know Your Data is Safer in the Cloud?
Unlike other tax preparation programs which were created before internet security became a priority, MyTAXPrepOffice's cloud-based program was created with online data protection at the forefront of its development. The application was designed by a team including security experts with the experience to work on certified systems for sensitive data.
The in-built security applies to all components including the tax preparation software, our client portal (MyTAXPortal), and the document storage. Therefore, all data, and not only the tax returns, are secured with these complex standards in mind.
Be Aware of Scams
The IRS also emphasizes awareness of prevalent scams through initiatives like the Dirty Dozen list, which educates businesses on potential threats and how to respond. Additionally, small business owners are encouraged to report suspicious activities promptly and utilize resources like Form 14039-B for identity theft cases.
By prioritizing cybersecurity and promptly addressing potential threats, entrepreneurs can safeguard their investments, customers, and employees in an increasingly digital landscape.
Disclaimer: This article is for informational and educational purposes only and does not constitute legal tax advice. Advanced Tax Solutions is not liable or responsible for any damages resulting from or related to your use of this information. It is your responsibility to refer to official IRS documentation for information regarding any tax laws or tax information shown here.
