Entries by erin

Ensure GDPR compliance with these top tips

As of late, the General Data Protection Regulation, (GDPR), has been all any business has been able to focus on. It has been in effect for just shy of two months now and is a strict set of rules which mandate robust, tough data protection for everyone within the EU. It has caused a real […]

Top 10 tips to get your finances in shape this summer

When it comes to money, it is easy to get so entangled in the jargon that you lose sight of basic sound finances. For most of us, wealth is built slowly. It requires some straightforward planning: putting aside regular savings, using the available tax wrappers and protecting assets you cannot afford to lose. If you […]

The difference between invoices and receipts

In case of a tax compliance check, tax auditors are likely to verify whether or not all expense-related documents are in order and contain the relevant information. The most common expense documents are invoices and receipts. Here are the main differences between these two types of tax records. Keeping tax records is one of the […]

What is Cloud Accounting?

Cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the […]

Who has to be VAT registered?

This post is about being legally required to register for VAT. Who can register for VAT You can register for VAT if you’re in business and you are one of these: an individual a partnership a company a club an association a charity any other organisation or group of people acting together under a particular name, such […]

Guide to the GDPR May Overhaul

General Data Protection Regulation, or GDPR, will overhaul how businesses process and handle data. Our need-to-know GDPR guide explains what the changes mean for you. In May, Europe’s data protection rules will undergo their largest overhaul in 20 years. When current regulations were drawn up in the late 1990s, the internet was still in its […]

Why Terms and Conditions are important

While a Terms and Conditions agreement is recommended to have for your website, it’s not required by law to have this agreement. Only Privacy Policies are required by law if you collect personal data from your users: email address, first and last names, shipping address, etc. A Terms and Conditions agreement is also known as […]

5 Reasons Your Business Needs a Dedicated Business Phone Number

Why do you need a separate phone number tied to your office if you already got a mobile phone these days?Well, for one, it offers a separation of calls meant for business and work. An office number that is powered by Internet technology can also be configured with powerful features, such as setting the time that calls are forwarded, as well as “out of office” messages. Here are five reasons why […]

12 tax changes you need to know for 2018-19

From National Insurance hikes to increased capital gains allowances, here’s what you need to know. If you’re running your own business, every penny counts – and tax rules can have a huge impact on how much you earn. As the new tax year kicks off, find out how taxes will impact your bottom line. The […]