ADVICE

In a few months’ time, on May 25th 2018, the EU’s General Data Protection Regulation (GDPR) will take effect. The new regulation will replace the UK Data Protection Act 1998. The legislation is being put into place to protect the rights of an individual in how they control their personal information that’s collected and processed - alongside new obligations for organisations in how they process the data, being more accountable for data protection.

Making Tax digital (MTD) is an initiative by the government to reduce the processes involved in tax administration by collecting data in real-time, directly from sources such as accounting software, banks, employers and so on.

Here at Kara Accountants, we believe in making accounting as simple and easy as possible for our clients.