It’s that time of year again. On Monday afternoon Mr Hammond made his 72-minute speech and as always, there’s good news and bad news for both business owners and individuals. Firstly, we must be doing something right because statistics show that there are 3.3 million more people employed in the UK than there were in 2010, which is great news. We are creating jobs! Another 800,000 are forecast by the year 2020, we are moving in the right direction!
We know businesses earning half of what they were this time last year - and they are doing something positive about reversing this trend. These businesses believe that living in challenging times is no excuse for not having a strategy for growth.
GDPR is an important piece of legislation that comes into effect on 25 May 2018 and it relates to your business. After this date those businesses (small and large), that haven't put a series of processes in place to protect the data they hold on other people, risk a hefty fine.
There's still time to complete your personal self-assessment tax return before the deadline of 31 January 2018 - however muddled or absent your paperwork. Bursting bags of receipts, missing paperwork, incomplete mileage calculations - none of this need stop you complying with HMRC rules - and avoiding a fine. No need for panic, this blog will help you through the process as painlessly as possible (and offer you some tips on avoiding the same thing happening in 2019!).