Getting ready for the GDPR
The GDPR is the EU General Data Protection Regulation which will replace the Data Protection Act 1998 in the UK and the equivalent legislation across the EU Member States. The aim is to ensure that there is one set of rules, equally applied across Europe to ensure that Data Protection is both up to date with modern technology and no longer a stumbling block when it comes to trading with and transferring data to different Member States.
Changes to our Website
Our website is being improved and will shortly include a facility for file sharing and secure messaging between Client and Accountant.
Making Tax Digital
The government has announced that the roll out for Making Tax Digital for Business has been amended to ensure businesses have plenty of time to adapt to the changes. Businesses will not now be mandated to use the Making Tax Digital for Business system until April 2019 and then only to meet their VAT obligations. This will apply to businesses who have a turnover above the VAT threshold - the smallest businesses will not be required to use the system, although they can choose to do so voluntarily.
Company directors are the victims of one in five cases of identity fraud, according to fraud prevention organisation Cifas. They account for 19% of victims of these type of fraud cases, despite making up less than 9% of the UK population.