Small Business Accountancy Advice
...Everything You Need To Grow Your Business
The government's Making Tax Digital scheme is set to take a small but significant step forward this coming April, with the launch of their “MTD for VAT” pilot. Right now, HMRC's asking around for volunteers to test out how well it all works.
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.