General business issues The factsheets in this section answer some of the most commonly-asked questions from business clients - contact us for advice tailored to your needs. Data security - Data Protection ActThe key compliance issues are observed when looking at data protection and the Data Protection Act.Data security - General Data Protection RegulationThe General Data Protection Regulation (GDPR) will replace the existing Data Protection Act and takes effect from 25 May 2018. This factsheet considers the key principles of the GDPR.Data security - General Data Protection Regulation - preparationThe General Data Protection Regulation (GDPR) will replace the existing Data Protection Act and takes effect from 25 May 2018. This factsheet considers how to prepare for the GDPR.Limited liability partnershipsThe key features of a Limited Liability Partnership.Money launderingRecent times have seen tough new rules introduced to crack down on money laundering and the proceeds of crime. The rules affect a wide range of people and we consider how your organisation may be affected.Bribery Act 2010This factsheet gives an overview of the procedures you must put in place in relation to the Bribery Act 2010.Company secretarial dutiesThis factsheet considers what company information has to be made available and looks at whether a company secretary needs to be appointed.Directors’ responsibilitiesBecoming a director carries with it potentially onerous duties. Make sure you know what those duties are. This factsheet gives guidance on directors’ responsibilities.GrantsWe consider if your business is eligible for a grant.Preparing for your accountantWhether we are producing your accounts or carrying out tax compliance work, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. This factsheet highlights many of the ways in which you can help.Valuing your businessThere are many reasons why you may need to calculate the value of your business. This factsheet consider the range of methods available as well as some of the factors to consider during the process.Small Company AccountingThe required format of statutory accounts for small companies has changed. This factsheet considers the reporting requirements and their impact.Micro Entity AccountingThis factsheet considers the options available to micro entities when preparing their accounts. This factsheet considers the options available.Cash basis for the self-employedSmall unincorporated businesses can calculate their profits for tax purposes on a cash basis rather than the normal accruals basis. We look at the optional rules that allow for this, while also taking in the key tax points.The value of outsourcingWhich functions could you outsource?Keeping financial recordsWhat records should you keep – and for how long?Pricing strategiesDifferent approaches to setting a price.Strategies for increasing revenueIncluding the product/market matrix.Selling your businessAn introduction to the issues involved in a business sale.