Importance Of Information
Information means everything to you. If you want to understand why your business is doing so well or maybe not where you want it to be then the information from our bookkeeping system is the key. There are also some important laws regarding information or data and its protection.
User 123Books every month to see;
Keeping your bookkeeping up-to-date each month with your income and expenses will help you to not make any mistakes and receive fines and penalties from HMRC - it is key to being a successful freelancer or contractor.
Data Protection Act
If you keep a record of your client’s information on your computer then you probably have to register under the Data Protection Act. If you don’t register then it’s a criminal offence with fines and penalties imposed by the courts. The good thing is it’s cheap around £35.00 per year - for more info take a look at the Data Protection Registrar.