Local firm management news from around the web: April 1 – 5, 2019

ID theft is still a concern during tax season
With everything going on, it’s hard to keep track of all the moving pieces during busy season. But forgetting to prioritize the security of clients’ private information could derail a CPA’s best efforts. Practitioners should review these resources to prevent, recognize and resolve identity theft.

Here's how much extra tax 20 million Social Security recipients have to pay
Twenty million households -- representing roughly one in three Social Security recipients -- get taxed on a portion of their monthly checks. Motley Fool takes a look at the issue and shows how the amounts involved have risen in recent years.

How to prevent billing schemes
Billing schemes are scary. They go an average of 24 months before being detected, resulting in massive financial losses for small business owners. How can you help clients avoid them?

IRS revises EIN application process; seeks to enhance security
As part of its ongoing security review, the IRS announced that starting May 13 only individuals with tax identification numbers may request an Employer Identification Number (EIN) as the “responsible party” on the application.

Tech Corner – MoviePass co-founder is using facial recognition to get you “free” movie tickets – with a catch
The days of simply going to a movie theater and paying for a ticket may soon be over. Viewers sit through 15 – 20 minutes of ads – just like a movie trailer, right? Wrong. A company wants to utilize facial recognition and track how much attention you’re paying to each ad.