Tel: 07712 856364
Email: jon@proactive-accounting.com
The General Data Protection Regulation (GDPR) came into force on 25 May 2018 adding some new elements and significant enhancements to the UK’s existing data protection regime. The GDPR requires that all organisations that deal with individuals living in an EU member state to protect the personal information belonging to those individuals, and to have…
The key compliance issues surrounding data protection and the Data Protection Act. If your business is in the Co. Antrim area we, at Proactive Accounting, can provide you with assistance or any additional information required. Many businesses are totally reliant on the data stored on their PCs, laptops, networks, mobile devices and in the cloud.…
Making Tax Digital for VAT (MTDfV) fundamentally changes the way in which businesses keep VAT records and submit VAT returns. At Proactive Accounting, we can provide guidance on the key aspects of MTDfV and the implications for your business in the Co. Antrim area. Over the coming years, the government will phase in its landmark…
Making Tax Digital (MTD) represents a significant change to the way in which taxpayers record their financial information and submit tax returns. At Proactive Accounting, we can provide guidance on the key aspects of MTD for individuals in the Co. Antrim area. The government has started phasing in its landmark MTD initiative, which will see…
Certain information about a company must be publicly available including, for example, the company’s annual accounts, registered office address and details of directors, company secretary (if there is one) and members. Providing and updating this information has historically been the job of the company secretary. If your company is in the Co. Antrim area we,…
We consider the optional rules which allow small unincorporated businesses to calculate their profits for tax purposes on a cash basis rather than the normal accruals basis. Accruals basis and cash basis One example which illustrates the difference between the accruals basis and cash basis is that credit sales are included in the accruals basis…
Proactive Accounting can help businesses in the Co. Antrim area with recovering VAT on staff expenses. Although the VAT rules normally prevent you reclaiming VAT on supplies that are not made direct to you, there are certain circumstances when the rules are relaxed. Subsistence Expenses For instance, the VAT element of subsistence expenses paid to…
Being a Scottish charity trustee brings responsibilities. At Proactive Accounting, we can provide guidance on the reporting requirements in the Co. Antrim area. It is often considered an honour to act as a trustee for a charity and an opportunity to give something back to the community. However, becoming a trustee involves a certain commitment…
Under the Bribery Act 2010 it is an offence for organisations to ‘fail to prevent bribery’. The defence against this offence is to ensure that your business has adequate procedures in place to prevent bribery. If your business is in the Co. Antrim or surrounding areas we, at Proactive Accounting, can provide you with assistance or…
We summarise the main areas to consider in deciding whether tax relief for travelling and subsistence expenditure is available. If you are an employer or employee in the Co. Antrim area we, at Proactive Accounting, can advise you on the expense rules. Travelling and subsistence expenditure incurred by or on behalf of employees gives rise…