It’s that time of year when we all have that painstaking process of gathering all of our financial documents and make the appointment with our tax professional. Have you ever reviewed your W2 or property tax information to see what pieces of sensitive information is on it? Social Security Number, Date of Birth, Deductions, etc—the list goes on. If this information falls in the wrong hands then consumers can be adversely affected.
What is the first line of defense?
Obviously minimizing who can view these documents is the first step, don’t trust your information with just anybody. This means vetting the person or company actually handling your information. Aside from validating that they have the proper credentials to provide tax services, determining if they have any adverse information in their background could be vital in determining who should review your taxes.
Many tax professionals are independent contractors offering their services on case by case basis, and are not employed by a company (who could potentially screen the employee as part of the new hire process). This means that no screening was done on the preparer to determine if they have criminal activity for identity theft, fraud, or even providing services without the proper license. Additionally your information is being stored either electronically or by hardcopy with the individual, who can access it at any time and do what they please with the information.
Don’t wait to secure the future of your finances and your relationship with your tax consultant, ask for a quote on a background check today.