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About simonlasky

Principal of RDP Accountants based in Martlesham Heath, Ipswich

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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Accounting Software

How to Choose the Right Accounting Software Keeping your accounts can be a tricky business. It is necessary to do so not only to comply with legal obligations but to help you manage your business. Businesses keep accounts in different … Continue reading

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Choosing an Accountant

I have been thinking about some of the differentiators of my accounting practice and why businesses might choose RDP Accountants, when they have so many good accountants to choose from.  My thoughts were partly inspired by a talk from Robert … Continue reading

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Royal Wedding: Funny (& Clean) Video

If Will and Kate got married in my church…..

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Flat Rate VAT Scheme

HMRC have devised a scheme to make it cheaper and quicker for smaller businesses to calculate their VAT liability. It’s called the flat rate scheme. Normally a VAT registered business deducts their  input tax ( VAT paid to their suppliers) … Continue reading

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Mastermind type satire on European debt

My newsagent showed me this. Many a true word is spoken in jest….

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HMRC getting tougher

HM Revenue & Customs (HMRC) issued a reminder today that the new penalty regime for late filing and late payment of Income Tax Self Assessment (ITSA) Tax Returns starts shortly. During April, your clients within ITSA will receive 2010/11 notices … Continue reading

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