GDPR - Get up to speed

The General Data Protection Regulations (GDPR) came into effect on 25th May 2018, and replace current data protection legislation. These have been further updated from 10th January 2020 with the Fifth Anti-Money Laundering Directive.

All businesses in the UK will be affected by GDPR irrespective of size. Business owners and managers should make themselves aware of the requirements of GDPR and, where they hold or handle data covered by GDPR, there is a requirement to ensure the business complies with the regulations. 

Examples of how your business may be affected include:

• As an employer holding employee personal data. 

• Holding customer or supplier personal data.

• Engaging subcontractors who handle personal data.

• As a contractor handling personal data for someone else.

Penalties for breaching the regulations are potentially very high, so it pays to ensure your business is compliant. More information can be found on the ICO website 

If you are in business, or are considering starting a business now, we can help you understand how GDPR will affect you, and help you to ensure that you have systems in place. 

When linked with our other services you will get all of the tax, accounting, advice and support your business needs to thrive and grow.

To learn more about GDPR, and to find out about how we can make life less stressful for you, just get in touch with one of our friendly and professional team.