What goes wrong.
NOT ESTABLISHING WHAT APPLIES
Assuming rather than asking.
ASSUMING THE ACCOUNTANT FILES EVERYTHING
Confirm explicitly what they do and what remains yours.
NO COMPLIANCE CALENDAR
Deadlines pass unnoticed.
NOT SETTING ASIDE MONEY FOR TAX
The bill arrives and the money is gone.
POOR RECORDS
Unable to support what was filed.
AN OUTDATED REGISTERED ADDRESS
Correspondence goes somewhere you do not see.
IGNORING SECTOR LICENCES
Registration alone is frequently insufficient.
NO PRIVACY NOTICE, OR AN INACCURATE ONE
Required, and frequently absent or copied.
NOT KNOWING WHAT DATA YOU HOLD
Which makes every data obligation impossible to meet.
ADDING PEOPLE TO MARKETING WITHOUT CONSENT
Common, and not permitted.
SETTING CORRESPONDENCE ASIDE
Response periods are short.
ASSUMING SMALL MEANS EXEMPT
Most obligations apply regardless of size.
