Tax & Accounting Blog

How Accountants Can Manage GDPR Compliance

Accountancy Practices, Accounting, Compliance March 29, 2018

Have you been looking for answers to how accountants can manage GDPR compliance? Find out by viewing for our on-demand webinar and visit our GDPR hub to discover what you need to know to comply ahead of the deadline. The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018, and requires significant changes to how accountancy firms handle and process client data.

Generally, the GDPR applies to all businesses residing in the EU, including accountants based in the UK that provide goods or services to individuals in the EU, or process personal data relating to EU citizens.

Ahead of the start date, accountants in practice need to understand the implications on their processes and client data, and create a plan for compliance. If they fail to do so, they face the risk of large fines. As you prepare for GDPR, use it as an opportunity to improve your cybersecurity technologies and processes.

Our on-demand webinar includes a list of critical action points in the run up to GDPR and outlines how the changes will impact your day-to-day work. Understand how Thomson Reuters solutions can help you towards GDPR compliance and what Thomson Reuters is doing as a business to comply.

Our resident GDPR expert, Ian Cooper will cover:

  • Overview of Thomson Reuters products to help towards GDPR compliance
  • How to request, share, store and manage data securely with the help of software
  • What Thomson Reuters is doing to comply with GDPR

Watch the on-demand webinar on to help your practice prepare ahead of 25th May.

GDPR for accountants will bring both challenges and opportunities. We’ve collated all of our resources into our GDPR Hub – your go-to online resource for reliable information.

The information and opinions contained in this blog are not intended to be a comprehensive study or to constitute specific legal advice, and should not be relied on or treated as a substitute for specific advice concerning individual situations. Always consult a suitably qualified lawyer on any specific problem or matter.