Regulatory Compliance
In recent years, it has become a legal requirement for all businesses providing accounting, bookkeeping, and payroll services to comply with various regulations and register with the supervising bodies. This change reflects a global trend towards increased financial transparency and the prevention of financial crimes such as money laundering and fraud.
Here is a summary of how we comply:
- HMRC On-line submission of VAT & Tax Returns
The Government is gradually making on-line submission to HMRC compulsory instead of paper-based submissions. Accounting Services for Business is registered with HMRC for on-line submissions.
We are able to submit all statutory returns to HMRC on-line (VAT, Corporation Tax, Self Assessment, Partnership Returns, CIS).
On-line filing ensures that all submissions are received by HMRC within the deadlines without risk of postal delays and potential penalties that would arise from late arrival.
- Data Protection Act Compliance
We are registered with the Information Commissioner’s Office in compliance with the Data Protection Act.
Money Laundering Regulations
We comply with the Money Laundering Regulations 2009 by being directly registered with HMRC.
- Data Security
Although not a legal requirement, the care and security of your business data is vital and we have taken steps to ensure the safety of your information.
All data on our computer systems is backed up overnight. Data is stored at a secure remote data store.
- Data Security & Business Resilience
The care and security of your business data is vital and we have taken steps to ensure the safety of your information.
All data on our computer systems is backed up overnight. Data is stored at a secure remote data store within the UK.
In the case of a major disaster we can restore all data to another location within an hour.
We believe we are one of the few businesses in our field that can offer this level of security to clients.
There is no additional cost, and your bank and insurers will look favourably on this.
Impressed…? Then why not contact us, and if you would like the same level of data security for your business we’ll be pleased to help.