GDPR News

GDPR news – who received the first fines and why?

If you have still not completed (or started) your GDPR journey you can always contact LIS for assistance. We will deal with the technicalities of system changes needed and highlight any business issues you need to consider.  Having recently reviewed our client base for GDPR we see some clients with their heads still firmly buried in the sand. The bad news is that it is not going away! Worryingly even some of our local government clients are refusing to move on clear significant breaches of the GDPR rules on grounds of cost.  If your business has not completed a review and made the changes needed then please don’t wait – you don’t want to appear on this list!

#gdpr #dataprotection #business

The Hungarian National Authority for Data Protection and Freedom of Information (NAIH) recently issued two decisions dealing with breaches of data?

 

Making Tax Digital

Tax is going digital. Boring, yes. But needs to be addressed. Here’s what you need to know.

Accounting software companies are making hay…business have yet more changes and costs to absorb…

There are some significant knock on issues in terms of IT which LIS is well place to help with if required. Look at this problem in conjunction with the 2020 problem and remember to solve BOTH when making changes because by the end of the year you will need to anyway. No pressure!

#tax #business #accounting #yawn

Hese is the full latest detail for insomniacs…

https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat/vat-notice-70022-making-tax-digital-for-vat#supplementary-data

 

Peer-to-Peer Finance

Looking for business growth investment? The ups and downs of peer-to-peer finance.

If you are struggling with funding the upgrades to solve the 2020 problem then consider peer finance. Don’t forget alternatives such as hardware-as-a-service, and traditional leasing (including LIS Managed Services in the lease as well as installation, support, maintenance).

Peer-to-peer lender Funding Circle beat its revenue targets for 2018 by 5%, but saw the percentage of loans last year it expected to default rise to between 3 and 3.8% it announced