Tax Fact-Sheets

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…

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…

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.…

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…

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…

The General Data Protection Regulation (GDPR) replaced the existing Data Protection Act with effect from 25 May. TThe GDPR requires all organisations that deal with individuals living in an EU member state to protect the personal information belonging to those individuals and to have verified proof of such protection. Failure to comply with the regulation…

Becoming a director carries with it potentially onerous duties. Make sure you know what those duties are. If you are located in the Co. Antrim area we, at Proactive Accounting, can provide professional advice to help you fulfil your duties and obligations. The position of director brings both rewards and responsibilities upon an individual. Whether…

Grants are sums of money awarded, by the government or other organisations, for a specific project or purpose. Generally the amount is not repayable. If your business is in the Co. Antrim area we, at Proactive Accounting, can help you find an appropriate source of grant funds and help you with your business plans. Ensuring…

At Proactive Accounting we can advise businesses in the Co. Antrim area on keeping financial, tax, accounting and other records. Here are some of the key points. One of the most commonly asked questions faced by accountants is what accounting records a business must keep, and for how long. This is not surprising, as record…

The key features of a Limited Liability Partnership are explained. If your business is in the Co. Antrim area we, at Proactive Accounting can help you consider whether an LLP structure is appropriate for your business. Most important features of LLPs The key advantage of a LLP compared with a traditional partnership is that the…