Accounting & Finance News

Keep up to date with the latest announcements and industry news.

GDPR come into force today

As of today, the 25th May 2018, GDPR becomes enforceable. GDPR (General Data Protection Regulations) replaces the data data protection act. Maximum fines are 20 million euros or 4% of you world wide annual turnover. What does this mean for your business? Visit our...

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Interest rates on hold as Bank cuts growth outlook

Article Taken from the BBC News - Thursday 10th May 2018 The Bank of England has kept interest rates on hold at 0.5% and cut its growth forecast for this year. The Bank expects growth of 1.4% in 2018, down from its previous forecast of 1.8% made in February. However,...

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What is GDPR?

When does GDPR come in to effect? The GDPR will be implemented on the 25th May 2018. What is GDPR compliance? GDPR compliance is the act of complying with The General Data Protection Regulation Will Brexit affect GDPR? No, Brexit will not effect the GDPR as we will...

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Why cloud accounting is the future…

New research conducted by Xero has found that their partners are growing revenue considerably faster than accountancy firms in the UK overall. We recently released the UK Partner Benchmarking Survey, and of the 400 Xero UK accounting partners questioned, nearly all of...

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Making Tax Digital

Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses to stay on top of their day-to-day accounts. HMRC wants to be one of the most digitally advanced tax administrations in the world – improving efficiency, effectiveness and ease...

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HMRC cancels 270,000 late penalty notices

Link to Article By AccountingWEB  A freedom of information request has revealed that HMRC cancelled 270,000 late penalty notices in 2016. However, this figure is minimal compared with previous years: 2014 - 400,000 Cancellations 2015 - 610,000 Cancellations The...

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