Without a WISP, your business is at risk of non-compliance with IRS and FTC regulations. This can lead to financial penalties, civil lawsuits, and even the suspension of your ability to prepare tax returns legally. Additionally, you are at greater risk of data breaches, which can permanently damage your reputation and client trust.

A WISP outlines how you secure client data, prevent cyber threats, and respond to security incidents. It acts as both a legal safeguard and a practical guide, ensuring that you and your team follow security best practices to prevent costly breaches and compliance failures.

Yes. The law applies to all tax preparers, regardless of how many clients you serve. Even if you handle just a few returns a year, you are still responsible for protecting sensitive client data and complying with federal regulations.

The IRS can request your WISP as part of an audit or an investigation. If you experience a data breach and don’t have a WISP in place, you could face severe penalties, including regulatory fines and client lawsuits.

Yes, your WISP must be reviewed and updated annually or whenever there are significant changes to your business operations, technology, or regulatory requirements. Staying up to date helps ensure you remain compliant and protected.

With our service, you can have a fully compliant WISP in as little as a day. We handle the hard work for you, so you don’t have to waste time researching complex regulations.

Absolutely. A WISP includes policies and procedures that reduce your risk of cyber threats, phishing attacks, and insider threats. It ensures that you have a plan in place to detect, prevent, and respond to security incidents effectively.

Our WISP includes policies on access control, password security, encryption, employee training, vendor management, and incident response. It’s tailored to your business, ensuring that you meet all IRS and FTC security requirements.

A professionally created WISP costs far less than the potential fines, lawsuits, or lost revenue from a security breach. Our WISP service is available for $577, ensuring you meet federal compliance standards without stress.

Technically, yes—but it requires extensive knowledge of cybersecurity, IRS and FTC regulations, and best practices. A DIY approach often leads to missing critical components, which could still leave you at risk. Our service ensures your WISP is fully compliant and effective.

Yes, a WISP is just the foundation of your data security strategy. You also need endpoint protection, encryption, VPN security, and patch management to secure your devices and prevent cyber threats. We offer comprehensive cybersecurity packages to ensure your entire business is protected.

Failing to comply with IRS and FTC security requirements can lead to fines, loss of your PTIN, IRS audits, and potential lawsuits from affected clients. The FTC has increased enforcement, and violations can cost tax professionals thousands of dollars.

Yes! Tax software does not replace your legal responsibility to protect client data. Even if your software provider has security measures in place, you are still required to have a formal Written Information Security Plan.

If the IRS audits your business and you don’t have a WISP, you could face serious consequences, including loss of your ability to file tax returns. Having a professionally prepared WISP shows that you take compliance seriously and can help prevent penalties.

Yes! Even if you’re a sole practitioner, the IRS and FTC expect you to document and follow security best practices. Our WISP includes simple, practical steps to ensure you’re compliant without unnecessary complexity.

Not necessarily. Unprotected files can be stolen, hacked, or compromised by malware. A proper security plan includes encryption, backups, and secure access policies to keep client data safe.

Not entirely. The IRS and FTC require you to document how you secure client data, even in the cloud. You must also ensure that cloud services meet industry security standards and have proper access controls.

A WISP is your overall security policy, while an Incident Response Plan (IRP) details what to do when a security breach occurs. Both are required under federal law, and our service includes an IRP at no extra cost.

No, but you must have one ready in case of an audit, investigation, or data breach. Regulatory agencies expect you to follow it and keep it updated.

We offer a fully compliant WISP in less than a day, with everything you need to meet federal requirements and protect your business.