Dentons’ Post

With growing global efforts to enhance tax compliance and prevent money laundering, how can high net worth individuals protect their privacy in an increasingly transparent world? In Part 2 of our two-part series on ‘The Erosion of the Right to Privacy Through Global Steps to Improve Tax Compliance and Prevent Money Laundering’ learn about: ▪️ Erosion of privacy ▪️ Increased enforcement and regulation ▪️ Impact of global events and technology ▪️ 4 Global standards and coordination ▪️ Protective measures for high net worth individuals and family offices Read the full article: https://lnkd.in/e3wAP4rV #DataPrivacy #DataProtection #Tax #FamilyOffice

With growing global efforts to enhance tax compliance and prevent money laundering, how can high net worth individuals protect their privacy in an increasingly transparent world? In Part 2 of our two-part series on ‘The Erosion of the Right to Privacy Through Global Steps to Improve Tax Compliance and Prevent Money Laundering’ learn about: ▪️ Erosion of privacy ▪️ Increased enforcement and regulation ▪️ Impact of global events and technology ▪️ 4 Global standards and coordination ▪️ Protective measures for high net worth individuals and family offices Read the full article: https://ow.ly/8ulz30sHfvq #DataPrivacy #DataProtection #Tax #FamilyOffice

Sending tax secrets via DM? That's a no-go! 🙅 Attorney-client privilege doesn't apply here. 🎯 For real-deal privacy and advice, let's chat the right way. 💬 Direct message me for consultation steps, not your tax story. 🚨 Need guidance minus the risk? DM 'consult' to start safely! 💡 #SafeConsulting #TaxConfidentiality #LegalPSA

I’m a BIG believer in privacy, as it’s such a large component of #assetprotection. The #corporatetransparencyact only affects privacy as it relates to the government. Let’s say you get into a car accident or somebody's looking to sue you, there's a plaintiff's lawyer digging around. In theory, according to the legislation, the person suing you won’t be able to get access to your private information. Similar to tax returns. The government knows about your taxes, but it’s not something the person suing you could easily get to. I think the same idea is going to happen with the Corporate Transparency Act. #syndication #raisingcapital

Tax season is in full swing, and with it comes a surge in scams targeting tax professionals. The Internal Revenue Service (IRS) and Security Summit partners have issued a warning for tax preparers about a new email scam. Read more from our blog to ensure your firm is prepared for these situations. https://lnkd.in/esHf5rsv #DrakeSoftware #SecuritySummit #TaxProfessionalScams #TaxSecurity

Data is key as it creates unique opportunities for enhancing tax compliance; however, as Ms. Agnes Gathaiya notes, this needs to be driven by trust and security. #KRAWomenInTaxation2024

Do you know how to spot a scammer pretending to be the CRA? 👀 This year’s tax deadline is coming up, so stay vigilant and know the signs of a fraudster at work. At Envision Financial, your security comes first. Check out the link for more tips https://lnkd.in/gczq6wb2 CRA scam alerts 👉 https://lnkd.in/ekGyu-ZV #tax #taxseason #taxtips #fraud #fraudprevention #scammers

I’m a BIG believer in privacy, as it’s such a large component of #assetprotection. The #corporatetransparencyact only affects privacy as it relates to the government. Let’s say you get into a car accident or somebody's looking to sue you, there's a plaintiff's lawyer digging around. In theory, according to the legislation, the person suing you won’t be able to get access to your private information. Similar to tax returns. The government knows about your taxes, but it’s not something the person suing you could easily get to. I think the same idea is going to happen with the Corporate Transparency Act. #syndication #raisingcapital

🚨 DON'T BE FOOLED BY IMPERSONATORS! 🚫 It's that time of year when everyone is focused on taxes, so a call from the IRS may seem normal right? WRONG! If you get a suspicious call claiming to be from the IRS requesting personal info or anything else, DO NOT disclose any details. Your identity is at risk! Hang up. https://lnkd.in/diXUrQz #protaxandaccounting #cpa #taxplanning #staysecure

🚨 Attention Tax Pros! The Taxpayer First Act is here, bringing crucial changes to the IRS. 📝 Key takeaways: 1. New e-filing portal for Forms 1099 by 2023 📨 2. Strengthened privacy & security measures 🔒 3. Mandatory reporting of data breaches 🚫 4. Penalties for unauthorized disclosures 🙊 5. Support for virtual tax prep models 🖥️ As trusted advisors, it's our duty to safeguard client data and maintain the highest ethical standards. 🤝 Stay informed, adapt, and thrive in this evolving landscape. 📈 Let's discuss how we can best serve our clients under these new provisions. 💬 #TaxTwitter #TaxpayerFirstAct #TaxSecurity #TaxEthics #VirtualTaxPrep https://lnkd.in/eM84pjua Get the latest TaxPro news via email: https://lnkd.in/enfg4BuU Pass the EA Exams: https://lnkd.in/emDt264J