The General Data Protection Regulation (GDPR) represents an opportunity for accountants to reset how they view personal data and the impact of its use. With accountants overseeing and protecting vital business and personal data, there is no hiding place. And with fines of up to €20 million or 4% of turnover (whichever is greater), the pressure is on for all businesses to make sure they are compliant.

For many accountants, the responsibility of getting ready for the GDPR is twofold: they must prepare their own firms while being able to advise their clients. Owners of small-to-medium sized businesses often rely heavily on the advice and guidance of their network to ensure their businesses are stable and successful. Accountants are at the heart of this and can provide knowledge and expertise to help them prepare for the GDPR enforcement.