"We do not disclose any non-public personal information about our customers or former customers to anyone, except as instructed to do so by such customers or as required by law. We restrict access to non-public personal information to those professionals employed by All About Numbers. We maintain physical, electronic, and procedural safeguards to guard your non-public personal information."

The Gramm-Leach-Bliley Act (the "Act") was signed by President Clinton in November, 1999. Section 504(a) of the Act requires the Federal Trade Commission to regulate the application of the Act to "financial institutions." Tax preparers and other providers of financial services are included in the Act's definition of "financial institutions." The FTC issued final regulations on March 24, 2000. See 16 CFR Part 313. July 1, 2001 is the effective date of the regulation.

In a nut shell, the regulation requires tax preparers and other professionals who provide financial services, as sole proprietors or in firms, to provide all clients who they do business with after July 1, 2001 with notice of their privacy policy. The privacy policy needs to be presented in a clear and conspicuous written form. To define clear and conspicuous NATP consulted one of the two principle authors of CFR Part 313, Clarke Brinckerhoff, Attorney, Division of Financial Practices, Federal Trade Commission.