7th February, 2018
Is your business GDPR ready?
Data security is EVERY business’s business!
What is the GDPR?
The General Data Protection Regulation (GDPR) is a binding legislative act from the European Union for the protection of personal data. The Regulation tackles the inconsistent data protection laws currently existing throughout the EU’s member states and facilitates the secure, free-flow of data.
Why do you need to know about it?
As of April 2016, businesses have been preparing for the legislation coming into effect on 25th May 2018. Although we are in the process of leaving the EU, working towards GDPR compliance remains crucial.
If you fail to comply with the Regulation you could find yourself being fined up to 4% of your company’s global annual turnover and your reputation damaged beyond repair.
- If you want to use someone’s personal data, they must give you ‘explicit consent’ to do so. This means no pre-ticked opt-in boxes by default. The individual must have always chosen to tick the box.
- If you want to use an individual’s personal data for multiple purposes, they must give consent for each, separately.
- Whether you are the data controller or processor, you must always record how consent was given, who from, when, how and what the interested parties were told.
- You must not use any confusing language. It must be easy for individuals to understand what they’re giving their permission for, and just as easy to withdraw permission at a later date.
- You must not bundle your consent request with your standard terms and conditions.
What should you be doing now?
- Do your consent processes meet GDPR standards? Carry out a thorough review of existing consent processes and assess whether they meet the Regulation’s requirements. If they do, there is no need to request consent from the subject again.
- If you are working with any third parties who will also need to use the individual’s personal data, the data subject must give their consent for this too.
- Start working towards making it as easy as possible for individuals to give and withdraw their consent.
- Keep thorough records of consent processes as evidence.
- Monitor your consent processes to keep them up to the GDPR standard by building regular reviews into business practices.
There are many useful webinars, seminars and much, much, more to get you and your business ready for GDPR – research now and find out how you need to become compliant before the deadline approaches.
Do not forget about our AAA (all about accounting) app for regular news updates!
**Disclaimer: The information in this article is for your general guidance only and is not and shall not constitute legal advice. If you need advice on your rights or responsibilities or any legal advice around data protection matters, please obtain specific legal advice and contact an adviser or solicitor.**
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10th January, 2018
Self Assessment Deadline – 31st January 2018
Now that the festive celebrations are over, businesses and their owners must not forget the all important Self-Assessment deadline.
The deadline for sending 2016-17 Tax Returns to HMRC is midnight on 31st January 2018.
The penalty regime for missing the 31st January deadline includes an initial £100 penalty, which applies even if there is no tax to pay.
It is important that you do not leave submission until the last minute, as from experience HM Revenue & Customs tends to take a more careful view of those returns submitted near to the deadline.
If you haven’t submitted your tax return yet or provided information to your accountant to assist them with the necessary preparations, now is the time to act!Read Full Post
6th December, 2017
Christmas at all about accounting
Our team of elves have been very busy getting the office ready for the festive season! It’s safe to say Santa’s happy with his lollipops and we’ll definitely be in his good books this year!
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18th October, 2017
Our new business cards!
Take a look at our lovely new business cards – get in touch if you’d like to hear more about our relaxed and friendly business.
Let us make YOUR business, OUR business!Read Full Post
11th October, 2017
2017 / 18 Tax Card
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10th October, 2017
YOU ARE INVITED TO OUR EXCLUSIVE EVENT
Please join us at this complimentary ‘Moving your business forward’ event and listen to our expert speaker discuss topics such as:
- Business Growth
- How to protect your business
- Employment law updates
- Health & Safety responsibilities
- Managing staff behaviour
- Auto enrolment
Monday 30th October – Lysses Hotel – RSVP to Jan, call 07956 596584 or email email@example.comRead Full Post
3rd October, 2017
Our new office goodies – Lollipops!!
Here at all about accounting we have just received delivery of our latest office goodies – look out for your yummy lollipop in the post over the next coming weeks!
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28th September, 2017
Minimum workplace pension contributions will soon be increasing
We are writing to let you know that the minimum amount paid into your workplace pension, both by you as an employee and by your employer, is going to increase. This is a nationwide change, involving millions of people and their employees across the country. Changes will take place on 1st October 2017, and again in October 2018 – it’s the law.
The table below shows what the base contributions are, and the dates they will rise. You can also choose to give more than the minimum amount should you wish:
|Date effective||Employer minimum contribution||Employee minimum contribution||Total minimum contribution|
|Currently until September 2017||1%||1%||2%|
|October 2017 to September 2018||2%||3%||5%|
|October 2018 to September 2019||3%||5%||8%|
Remember, your workplace pension is a simple way to help you save for your future so that you will have more money to continue doing the things you enjoy when you retire. And the earlier you start to save, the more money you will have when you come to retire, as your money has had time to grow.
Get to know the benefits and find out more at: http://www.workplacepensions.gov.uk/employee/Read Full Post
10th January, 2017
2016 Personal Tax Return
Have you completed your 2016 Personal Tax Return?
The deadline for submission on your 2016 return is 31st January 2017, should you require any help completing your return, please contact us soon.Read Full Post
11th October, 2016
National Minimum Wage – 1st October 2016
As from 1sth October 2016 we can confirm that the national minimum wage has increased as below.
25 years and over £7.20 per hour
21-24 years £6.95 per hour
18-20 years £5.55 per hour
Under 18 years £4.00 per hour
Apprentice £3.40 per hourRead Full Post