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Failing to take professional advice and keep accurate accounts makes you more liable to face repercussions from HM Revenue and Customs. In a case on point, an international businessman who claimed to keep details of his income and expenditure ‘in his brain’ was landed with a £40,000 tax bill. Continue reading →
Businesses that store their clients’ personal data are under a strict legal duty to keep it secure. Any failure to do so is likely to have serious financial and reputational consequences. An estate agency whose negligence and technical inexperience left the details of more than 18,000 tenants exposed to hackers faced repercussions when they were fined £80,000 by the Information Commissioner’s Office (ICO). Continue reading →
