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About simonlasky

Principal of RDP Accountants based in Martlesham Heath, Ipswich

Flat Rate VAT Scheme: Bad debt relief

I have made a very surprising discovery about the flat rate scheme. A VAT registered business has the choice between Accounting for VAT on the basis of sales invoices raised in a quarter, minus purchase invoices received from their suppliers … Continue reading

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Clean Joke for light relief

This is a favourite joke of mine. It has nothing to do with accountancy but as a friend said recently I am feeling as if “the weather is over me”, so a chuckle is like medicine. A man had a … Continue reading

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Selling your Business

On the recommendation of my friend Nick Strong I attended a seminar yesterday in London organised by BCMS Corporate about “Selling Your Business for the Maximum Value”. I hasten to add ,this is not because I am planning to sell … Continue reading

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Being an accountant in practice

Last week we celebrated the 10th anniversary of RDP Accountants opening our Martlesham Heath office. I had previously worked for a life and pensions insurance company in Colchester and then briefly on a freelance basis, for a credit risk insurer … Continue reading

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Happy 10th Birthday RDP Accountants Ipswich

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New Tesco TV Advert

To mark RDP’s 10 years in Martlesham Heath we have created a new advertisement for Tescos TV.  I don’t think the Coen brothers will be quaking in their boots but I hope you like it!

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VAT: The VAT Initiative

HMRC have launched a campaign to encourage businesses to register for VAT called the ‘VAT Initiative’. To launch the VAT initiative HMRC are writing to about 40,000 businesses whose turnover has apparently already exceeded the compulsory VAT registration threshold. Those … Continue reading

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Self Assessment Tax Statements

In recent weeks several clients have mentioned that they have not received a self assessment statement in respect of the payment due in July. Accountants used to be sent copies of thse  but HMRC stopped this a few years ago … Continue reading

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Accounting Software: Cloud Computing

My software provider IRIS gave me a very good demo of their product IRIS open books yesterday. Barclays are also marketing this as “Freeagent”. I think this is were the future lies. There are great benefits for accountants and their … Continue reading

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VAT registration

There is a myth in certain quarters that every legitimate business is required to be VAT registered. This is not the case. Your business (as a sole-trader, partnership or company) does not have to become VAT registered until the total … Continue reading

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