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General Rule of Thumb: With no prior experience putting together a security plan you can anticipate ~20 hours for a firm with less than 5 employees  (Including solo firms).

6-10 Employees: ~22 Hours

11-24 Employees: ~30 Hours

25-49 Employees: ~50 Hours

50-99: ~100 Hours

With the ever increasing amount of cyber threats and work from home companies. The IRS wants to make sure that all tax payer data is protected.

On IRS W-12 to renew your PTIN:

#11 Data Security Responsibilities
I am aware that paid tax return preparers must have a data security plan to provide data and system security
protections for all taxpayer information.

Further: “Under penalties of perjury, I declare that I have examined this application and to the best of my knowledge and belief, it
is true, correct, and complete. I understand any false or misleading information may result in criminal penalties and/or
the denial or termination of a PTIN.”

This should be reviewed annually. 

Yes, this applies to anyone who renews their PTIN.