Small Business Accountancy Advice
...Everything You Need To Grow Your Business
Like a lot of things, GDPR will come along whether we like it or not, as well as whether we believe we have time to implement it or not, so may be the best solution would be to use GDPR as an opportunity to improve business processes.
We talk about cash flow management a lot at RIFT, and with good reason. The collapse of the construction giant Carillion this month provides a painful example of how important it is to plan for the worst.
Although the start date for GDPR is not until 25 May 2018, it is a good idea to start getting ready now, and understanding what you will need to do as a Business Owner.
This is the first in a short series of blogs with regards to GDPR, to help you prepare for the new legislation.
This is the last in a series of blogs looking at Directors’ Loan Accounts (DLA), to help Directors have a better understanding of how they work, the implications of an overdrawn directors’ loan as well as looking at repayment, interest and tax implications.