Effective Accounting is ready for GDPR
Posted on 25th May 2018
At Effective Accounting we’re serious about providing you with an exceptional service, and that includes protecting your privacy and data.
Why do we need to comply with GDPR?
We’re required by law to do so.
GDPR is a new European regulation coming into force on 25th May 2018. GDPR stands for General Data Protection Regulations and will replace the old Data Protection Directive 1995.
The Independent Commissioner’s Office (ICO) will oversee the new regulation. The ICO has the authority to issue serious penalties to businesses that are not demonstrating GDPR compliance.
What have we done to ensure Effective Accounting is GDPR compliant?
Although we’re confident with our data processes, we’ve been busy reviewing them and putting new procedures in place to ensure we’re GDPR compliant ready for the introduction of GDPR on 25th May 2018.
We’ve always taken measures to protect the safety of your data – after all, you trust us with some of your most sensitive and personal information.
As accountants, we need to hold client information for legitimate interests, in order to manage your finances and taxation in the best way. We will continue to ensure the highest level of care and security when handling your data.
The data we hold about you on our servers is protected to the highest possible security level with storage at dual sites. Both sites are certified to ISO27001 and PCI DSS security standards.
We aim to operate a paperless office where possible. Any hard copies held are locked away overnight, never leave our Milton Keynes offices and are securely disposed of when required.
We’ll carry out reviews and risk assessments on an annual basis to ensure we’re doing everything we can to meet the required standard.
And we will communicate openly and honestly with you about how we use and protect your data. You’ll be hearing from us soon with our updated terms and conditions.
We’re ready. Are you?
GDPR affects everyone. Even if you’re a very small business or sole trader, you are still affected by GDPR.
If you don’t take the necessary actions to ensure compliance, you could risk a hefty fine from the ICO. Don’t let this happen to you.
We strongly recommend you seek advice from an expert to ensure you take the appropriate action.
Further reading and information
Nicola J O'Sullivan -
Founder | Xero Champion | IR35 Expert
Tagged as: For - Contractors, For - Employers, For - Limited Companies, For - Property Owners & Landlords, For - Self-Employed
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