If I have fewer than 250 members of staff, GDPR doesn’t apply to me, right?

New data protection law is due to come into force on 25 May 2018 in the form of the General Data Protection Regulation (GDPR). One of the many myths surrounding the new data law is that it doesn’t apply to businesses that have less than 250 employees. Where has this myth come from? To take SMEs into account, GDPR includes an exemption on record-keeping for businesses with less than 250...
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Wondering whether GDPR applies to you? Here are the 3 key questions to ask

If, like many business owners, you’ve convinced yourself that GDPR doesn’t apply to you because you believe you don’t deal with consumers and you don’t handle personal data then you need to stop and think again. Just ask yourself the following 3 questions: ·         Do we have any employees? ·        ...
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Privacy policies non-compliant on a large scale: what hope when it comes to GDPR?

Just about every organisation publishes a privacy policy on its website. A privacy policy is a statement to the outside world about how an organisation will handle personal data collected through its website. In October, the Information Commissioner’s Office (ICO) (the body responsible for data protection enforcement in the UK) published the results of a review into privacy policies. The...
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GDPR - should accountants be concerned?

The General Data Protection Regulation (or GDPR) is new data protection legislation that comes into effect on 25 May 2018. The headline grabbing change is that the maximum fine for non-compliance is 4% of turnover or €20 million (approximately £17m) whichever is the greater. This is a huge increase in the current maximum fine of £500k. Alongside this, GDPR introduces a raft of new obligations....
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Succession planning for Family Trading Company alongside a FIC

We recently looked at Family Investment Companies (FICs), their increasing popularity and the considerations that need to be made for an arrangement to span across three generations. This week, we take a look at how an FIC may fit alongside an FTC where wealth planning isn't just about forming an FIC so much as managing succession.  While FICs are typically used to build wealth in the...
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Stacey Edwards
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