Category: Finance

What to Do if You Lose Your Social Security Number

What to Do if You Lose Your Social Security Number

No other piece of documentation matches the social security number in importance. That is why it is a prime target for identity thieves, who will use it alongside your name and address. As a citizen, it is your primary responsibility to take care of your social security number. Failure to which will expose you to damage or liability when identity thieves get hold of your card. The thieves take a keen interest in the name and address. It is no surprise that the SSN Social security number can fetch a handsome price in the black market.

Once stolen, the level of access to your personal information or finances should be worrying. The culprit will have the same access the legitimate cardholder has. If they were after your money, they could rob your finances or even property. If the SSN card is used in another crime by the same robbers, the police will start their investigation at your house.

You can easily close down a credit card once stolen. Banks today have invested in sophisticated security that will complicate credit card theft. If you notice that your credit card is stolen, here are some steps you can take before you apply for a social security card.

Contact the Big Credit Reporting Agencies

Application formThe outreach intends to have a fraud alert placed on that credit file. The card will also be barred from transacting. When you contact one of the credit reporting agencies, they pass on the word to the other two.

There is no charge for setting up a fraud alert. You then have to renew it every 90 days or so. Only let go when you are certain that the matter has been remedied. You can contact the social security administrators to process a new replacement card and number.

How to Get a New SSN

People trying to find a job uses most of the stolen security numbers. This does affect the rightful users of the current number. Other people use the SSNs to engage in bank-or-retail fraud, as well as the IRS.

  • CardIf you notice no incident after several years of silent monitoring, you are still not out of the woods. The best alternative is to apply for a brand new SSN. Here are some of the steps to consider.
  • When applying for a new SSN card, the process is quite complex given the liability of proof is on your shoulders. You must show how it resulted in lost mortgage, headwinds with the authorities, among other complications.
  • A new social security number is no guarantee that your identity theft concerns are alleviated. The old number remains valid, and government agencies will link it to its first original owner.
  • The new SSN arrives with a clean bank credit history. The first few years will be challenging for those seeking credit. You will be forced to link your old tainted number as a support of your creditworthiness.
  • The decision to grant a new SSN solely relies on the Social Security Administration. If the agency feels you do not need a new number, they will deny your request.
What Do You Consider When Hiring a Business Accountant?

What Do You Consider When Hiring a Business Accountant?

Building a successful business requires more support than you might presume because you need to involve third parties to guide you on various matters to grow the business. For instance, an accounts constancy is necessary to help you to meet the financial goals and file complicated tax procedures. When you plan to hire an accountant consultancy, a couple of things should be considered because not everyone qualifies to offer the best support that you need.

The accounts sector is an essential part of a business that needs integrated services and packages to keep the company growing. When you are looking for the best accountant consultancy such as the top accounting firms in Memphis TN, you need to have the following considerations at your fingertips.

Know What You Need


Before you hire an accountant in your business, you need to know the goals of your business. Take as much time as you want to figure out how much financial help you need in the company and choose an accountant or consultancy firm that will work with you effectively. You will be able to find someone who you can trust to handle the financial affairs in your business without interfering with your plans.

Many financial firms and individual accountants out there can help you in different financial aspects including the taxes to help the entire industry. You are only required to be specific with what you need and ensure that the choice you take is capable of achieving your dreams.


You need to understand the fact that the financial sector is essential and it is a major determinant of business growth. Therefore, you need to be careful with that choice you take for your best accountant. First, you need to find out if they are responsive and have time for your business.

The response is mandatory to because any complications in the business finance might be costly to handle if not taken care of instantly. It is good to prioritize an accountant or a firm that has time for you when you need them the most.

Experience in the Industry

You need to find out the experience level of the accountant or the consultancy firm that you intend to choose. On the same note, find out how dedicated they are to apply their knowledge to meet your business needs.

The best choice is always someone or a firm that has been in the industry for a long time and understands all the financial challenges and the tax regulations. Experienced accountants will work accurately to save your time for other important activities in your business.

Check their Reputation


It is a good idea to check the reputation of a particular financial consultancy firm or accountant once you have narrowed down your short list. Check the online reviews of the past clients and the ranking in the financial issues.

You can also consider asking for references once you find someone who is from your region. This will help you to determine whether the financial consultancy firm or accountant is reputable or not.…