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WISP Builder Expands Its Offerings for Tax and Accounting Professionals

In a significant move to bolster compliance within the tax and accounting sectors, WISP Builder, a product of Tangible Values, Inc. and Practice Panda, recently announced the launch of two new Software as a Service (SaaS) solutions: WISP Assist and WISP Review. Designed specifically to aid tax and accounting professionals, these new services align with the latest federally mandated protocols from the IRS and FTC concerning information security plans.

Background and Need for WISP Solutions

Over the last four decades, Tangible Values, Inc. has built a reputation in the tax and accounting sector, providing tools and resources to help professionals efficiently manage tax preparation and compliance. With growing regulations aimed at securing sensitive client information from breaches, the need for effective and easy-to-implement information security plans has never been greater. The advent of technology has made intricate financial data more vulnerable, necessitating a robust security strategy that adheres to regulatory requirements.

Introducing WISP Assist and WISP Review

WISP Assist

WISP Assist is designed for professionals needing guidance throughout the process of creating their Written Information Security Plans (WISP). By collaborating with a WISP expert, clients can ensure their plans meet all mandatory standards while also receiving advice on preventing potential data breaches through recommended technology solutions and methodologies. This personal assistance reduces the complexity of compliance, allowing practitioners to focus on their core responsibilities.

WISP Review

For those who have previously developed a WISP using WISP Builder, the WISP Review service offers a critical examination of existing plans. Here, a WISP expert scrutinizes the established security measures, identifying vulnerabilities and suggesting enhancements to align with evolving compliance requirements. This ongoing service is vital for maintaining the integrity of the WISP as regulations shift and new threats emerge.

Benefits for Tax and Accounting Firms

By introducing these services, WISP Builder has positioned itself as a comprehensive compliance solution tailored specifically for the needs of tax and accounting firms of varying sizes. In President Steve Enzler's words, “We are fully aware of the risks facing those who prepare tax returns and the challenges they face in proving compliance. Our expanded services aim to alleviate the burden of maintaining compliance with regulations while ensuring client data remains secure.”

Additionally, these services are aimed not only at enhancing security but also at doing so without incurring significant costs, making compliance accessible for all firms. Automated reminders for regular security plan reviews and team training resources further ensure clients remain informed and prepared against security threats.

A Legacy of Security and Compliance

WISP Builder’s inception can be traced back to its foundation by CPA Bert Laden in the late 1970s. Recognizing the need for a systematic approach to tax documentation, he initiated a journey that has seen TangibleValues.com and PracticePanda.com become reliable partners for thousands of tax professionals. With a focus on innovation and client service, the mission remains: How can we help?

Those looking to stay informed about WISP-related developments are encouraged to engage with their official business accounts, helping foster a culture of security awareness in the financial services sector.

As WISP Builder continues to evolve, its commitment to providing essential tools for compliance remains unwavering; which is increasingly critical in a landscape where data protection laws are tightening.

For further inquiries, Erin Kelly can be reached at 612.963.7908 or through email at email protected] More information is also available on their [official website.