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Richard Alecock
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Richard Alecock (Mildenhall)

Born and bred in Mildenhall, Richard joined the firm in 1986 and has now completed over 30 years' service. He is a member of the Association of Taxation Technicians.

Richard is responsible for the management of the Mildenhall Office and was promoted on 1st April 2016 to an Associate of the Firm. He is a member of the firm’s farming and tax group. He also has a wealth of experience in dealing with sole trader, partnership and corporate businesses, encompassing personal tax and tax planning services. Richard is also a Committee member of Suffolk Chamber of Commerce Newmarket and District branch.

Away from the office, Richard has 5 children and is a Trustee Director of a local Academy School.

Specialisms

Agriculture
Road Haulage
General Practice
 
My Latest Blogs
 
Richard Alecock
24th May 2019 Making Tax Digital for VAT: Supplier statements now acceptable

In a welcome about turn, HMRC has changed its controversial policy on the recording of purchase invoices under Making Tax Digital for VAT. This will mean a huge time-saving for many businesses using the cash accounting scheme.   Under the cash accounting scheme, input tax is only claimed when payments are made to suppliers, and…

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Richard Alecock
21st December 2018 Making Tax Digital …… Only 100 days to go!

It’s time to decide how you will digitalise your records in order to meet HMRC requirements ahead of April 2019 HMRC wants the UK to be one of the most digitally advanced tax administrations in the world, improving efficiency, effectiveness and ease of compliance. Their plans signal the end of paper accounting for millions across…

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Richard Alecock
16th November 2018 Top 5 tips for start-up businesses

Businesses are born in many ways but there are some common considerations for all start-ups. Legal form Consideration needs to be given as to the how you wish to set up and structure your business. If you are going it alone perhaps a sole trader could be the best route or, if there is more…

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Richard Alecock
9th November 2018 HMRC letters to businesses affected by MTD for VAT

HMRC have started to send out their first wave of what they are calling “encouragement letters” to businesses within the scope of MTD for VAT. The letters are being sent to businesses which are currently eligible to join the pilot.  They are not being copied to the businesses’ agents. The first wave is 20,000 letters…

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Richard Alecock
18th October 2018 HMRC defer MTD for businesses with more complex requirements

HMRC have updated  MTD for businesses with more complex requirements The exception is a small minority of VAT-registered businesses with more complex requirements. As part of planning for the VAT pilot, HMRC have made the decision to delay mandation for these customers until 1 October 2019 to ensure there is sufficient time to test the…

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Richard Alecock
11th October 2018 Why a start up business should complete a business plan

A business plan is a written document that describes your business. By committing your thoughts to paper, you can understand your business better and also map specific courses of action that need to be taken to improve your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan can help you to:…

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Richard Alecock
11th October 2018 Making Tax Digital, VAT and newly registered businesses

All VAT registered businesses with a turnover over the current VAT registration threshold of £85,000 will be required to comply with the Making Tax Digital (MTD) record keeping and reporting requirements for VAT periods which start on and after 1st April 2019. Where a business is VAT registered but has turnover under £85,000 at April…

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Richard Alecock
1st October 2018 Making Tax Digital …… Only 6 months to go!

It’s time to decide how you will digitalise your records in order to meet HMRC requirements ahead of April 2019 HMRC wants the UK to be one of the most digitally advanced tax administrations in the world, improving efficiency, effectiveness and ease of compliance. Their plans signal the end of paper accounting for millions across…

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Richard Alecock
13th September 2018 Making Tax Digital …… Only 200 days to go!

It’s time to decide how you will digitalise your records in order to meet HMRC requirements ahead of April 2019 HMRC wants the UK to be one of the most digitally advanced tax administrations in the world, improving efficiency, effectiveness and ease of compliance. Their plans signal the end of paper accounting for millions across…

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Richard Alecock
31st August 2018 Lettings relief increases the amount of the gain that is sheltered from capital gains tax

Occupying a let property as the only or main residence at some point during the period of ownership will not only shelter the gain relating to the period for which the property was occupied as the main residence (and also that relating to the last 18 months of ownership), but will also entitle a claim…

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