Professional standards require SB Accounting and Business Services, LLC (SB) to maintain the confidentiality of client information in accordance with applicable federal and state law. We have always safeguarded the confidentiality of information provided to us by our clients and are bound by our professional standards to continue to maintain this vital aspect of our professional relationship.
I. Acquisition of Client Information
The firm collects nonpublic information about our clients from the following sources:
- Information You Provide: Our client engagements routinely require us to obtain private information about our clients so that we can
proceed with the various services we perform for our clients as part of the professional relationship.
- Other Sources: Depending upon the particular service a client has engaged the firm to complete, we may request nonpublic information
concerning the matter at hand. However, this information is never obtained without our client's specific authorization for the type of
information and the source(s) from which it may be obtained.
II. Disclosure of Nonpublic Information
Our firm policy is never to disclose nonpublic information about our clients. Nonpublic personal information is defined in the regulations as any publicly available information that we acquire by using information you have provided us in connection with any professional services we perform for you, which is not public information. An example would be a bank account number that is somehow used to acquire information regarding a court trial or other public record that would not have been found by us without using the bank account number acquired from you. In a generic sense, any information that a client provides us that involves financial product or service is likely considered nonpublic personal information and receives the same protection from disclosure as all other information about our clients. For purposes of our business relationships with our clients, all information acquired is disclosed only under the following conditions:
- Employees of the firm: Employees who need such information to conclude a transaction for which the client has engaged the firm.
- Service Providers: As with any business, we have our own accounting, insurance and other service firms that we may need to provide
information that the regulations consider nonpublic personal information. An example might be your account activity for our accounting
firm to prepare financial statements for our internal or external purposes. Another example would be computer consultants that must
have access to certain client records so as to be able to increase the efficiency of our computer processing systems. We have always
insisted that any such information that needed to be disclosed for a business purpose be considered confidential and not used for any
purpose other than the specific business need. That well-understood business policy of confidentiality will be reinforced as needed by
contractual agreements between such service providers to the firm, referencing the Federal Trade Commission (FTC) regulations.
- Others: Other than as stated above, we do not disclose nonpublic personal information, or any other information, to any outside party
without specific client authorization. An example would be other professionals who are assisting the firm in carrying out a client
engagement. In such a case, we would require the client's approval for such a disclosure.
In addition to the privacy protection that the new FTC regulations provide you, the Internal Revenue Code prevents the disclosure of
client information provided for tax planning or preparation services without the client's written permission. Further, the ethics rules that
govern the operation principles that our firm must follow prohibit disclosing client information.
III. Security Arrangements
We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard our clients' nonpublic personal
information and any other information to ensure our clients that their privacy is a major part of the firm's commitment to provide the
finest service possible.
IV. Opt Out Provision
The Federal Trade Commission regulations provide that this notice must include a provision for you to request that the firm not release
your nonpublic personal information. While such a request is unnecessary, because the firm does not disclose your nonpublic personal
information in a manner that would allow you to opt out, in the interests of satisfying regulations, we include this Opt Out Provision.
Please call us at 832.671.5131 if you have any questions, because your privacy, our professional standard, and the ability to
provide you with quality professional services are very important to us.