Category Archives: Ipswich Accountant

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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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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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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Where are my profits?:Things that surprise clients #3

During the 1990′s I was treasurer of a sports club in Colchester. Following a European Court ruling it became possible to claim back VAT on sporting activities and the club had a windfall of more than £20,000  by way of … Continue reading

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VAT registration:Things that surprise clients #2

You must register for VAT if your sales exceed £73,000 in any 12 period. http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm It is not only the 12 month period that coincides with your accounting year. It is any 12 month period. From the date that you exceed … Continue reading

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HMRC Amnesty for Plumbers

I have been told that HMRC are having a crackdown on tradespeople and first in line are plumbers.  HMRC are offering an amnesty for plumbers who have previously not declared all of their income. The amnesty means reduced penalties will … Continue reading

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New clients

After the hard work of leading up to 31 January tax return deadline, February is a good time to meet new potential clients. When we take on a new client I like to ask how they heard of RDP Accountants. … Continue reading

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