The European Union’s General Data Protection Regulation (GDPR) comes into force at the end of the month (25 May), allowing the public more control over how organisations use their data, and introducing hefty penalties for organisations that fail to comply with the rules.
The new system adopted by the accountancy firm has inbuilt data protection, and automation of several tasks which provides consistent compliance with the new GDPR legislation.
Meanwhile, HM Revenue and Customs has introduced a new initiative called Making Tax Digital, a scheme that ensures each individual and business has their own personalised digital tax account. HMRC’s aim is to modernise the tax system to make it more effective, more efficient and easier for customers to comply.
"As the GDPR deadline is fast approaching, many business owners are frantically trying to get to grips with the new legislation..."
Paul Austen, Managing Director
Paul Austen Associates has partnered with QuickBooks online, offering the service free with their compliance packages. The service enables automated invoice recognition which digitalises clients’ records, ensuring businesses meet with the upcoming requirements of the Making Tax Digital legislation.
Paul Austen explained, “As the GDPR deadline is fast approaching, many business owners are frantically trying to get to grips with the new legislation. Here at Paul Austen Associates, our aim is to support small to medium sized businesses through these complex changes, which is why we have invested significantly into our automated systems, to make it a much easier transition.”
Whilst assisting individual and corporate clients in the management of their finances, Paul Austen Associates offers a full bookkeeping service, management reports and assisting and informing on payroll and VAT services.
Paul Austen Associates is located at Charter House, Wagg Street, Congleton and Cemetery Road, Stoke on Trent.
DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.