Richard Alecock (Mildenhall)

Born and bred in Mildenhall, Richard joined the firm in 1986 and has now completed over 34 years' service. He is a member of the Association of Taxation Technicians. Richard is responsible for the management of the Mildenhall Office and is 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 and Trustee for a local Academy School.

Specialisms

Agriculture

Start ups

General Practice

Making Tax Digital

Self-Assessment

My Latest Blogs

Richard Alecock

13th January 2021 Information on local business grants from West Suffolk Council

Find out the up-to-date information on local business grants from West Suffolk Council during the COVID-19 pandemic: COVID-19 support for business – grants (westsuffolk.gov.uk)

Richard Alecock

30th November 2020 Making Tax Digital for Income Tax – The next steps

As HMRC’s ambition to become one of the most digitally advanced tax administrations in the world continues so the way the tax system works to become more effective, more efficient and easier for taxpayers to get their tax right the next steps have been issued by HMRC. Currently VAT-registered businesses with a taxable turnover…

Richard Alecock

24th November 2020 Making Tax Digital for VAT – The next steps

Richard Alecock

5th October 2020 30 Day Reporting On Residential Property Disposals Success

Six months from its introduction we have now successfully completed a number of Client reports to HMRC within the 30 day window. Since 6 April 2020 the Government is making some significant changes to the rules regarding the reporting and payment of Capital Gains Tax (CGT) when individuals, trustees and personal representatives dispose of…

Richard Alecock

10th September 2020 Self Assessment Deadlines

Two self assessment deadlines are approaching: 5th October 2020 For those individuals who have not previously completed a tax return you will need to report to HMRC a liability for 2019/20. 31st October 2020 For those individuals who have previously submitted ‘paper’ self assessment tax returns, the deadline for the 2019/20 return is…

Richard Alecock

28th August 2020 Contactless Payment and VAT – What documentary evidence do you need to reclaim VAT?

When it comes to knowing what paperwork is required to successfully reclaim VAT on expenditure, there can be some confusion, especially in these times of ever increasing electronic and paperless transactions. HMRC’s VAT guidance says you must have the appropriate documentary evidence in order to support a VAT claim. But what is appropriate? In this…

Richard Alecock

12th September 2019 “Get ready for Brexit” workshops

The Department for International Trade is hosting “Get ready for Brexit” workshops across the East region, each running from 11:30 – 13:30 followed by a networking lunch. Please see the link below for dates and venues. http://x.email.ukti.gov.uk/ats/msg.aspx?sg1=6a523609b267f7129747b384f8f21e3e

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…

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…

Richard Alecock

1st September 2020 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 (Mildenhall)

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