Richard Alecock (Mildenhall)

Born and bred in Mildenhall, Richard joined the firm in 1986. 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 various groups across the firm including the farming, tax and business development groups. 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 an advocate for local business and sits on the Board of the Suffolk Chamber of Commerce in West Suffolk, as well as Trustee and Treasurer of various local Charities. Richard is married with 5 children and has recently become a grandparent!
My Latest Blogs
8th April 2022 Basis period reform

From the 2024/25 tax year, HMRC are looking to tax profits of unincorporated businesses on a tax year basis, rather than on the accounting year (or period) basis, effectively removing the current basis period rules.   Therefore, any unincorporated businesses without a 31 March or 5 April year end will be affected by these changes.…

6th April 2022 Self-employed income support scheme (SEISS) grants

As we look towards new the Self Assessment Tax Return year as a reminder again to all claimants of the Self-Employment Income Support Scheme (SEISS) grants should be aware of the reporting requirements and tax treatment of these grants.   The grants are subject to income tax and self-employed National Insurance contributions (NIC).   The…

4th April 2022 MP’s urge HMRC to crack down on unpaid taxes due to pandemic

During the first lockdown HMRC paused most debt collection activities, which has contributed to the total UK tax debt of £39bn according to The Public Accounts Committee. HMRC have stated, “We are recouping debt safely, taking into account customers’ circumstances and making repayments affordable. It’s in no-one’s interests to push viable businesses into insolvency when…

8th March 2022 Making Tax Digital – getting self employed businesses and landlords ready

Below is Whitings MTD Group’s sixth issue edition of our Making Tax Digital newsletter and what could be the most revolutionary stage of Making Tax Digital – MTD for Income Tax Self Assessment (MTD for ITSA) for self – employed businesses and landlords.   The newsletter explains “what will sole traders and landlords need to…

9th December 2021 Self-Employment Income Support Scheme (SEISS) grants

As we look towards the Self Assessment Tax Return deadline date all claimants of the Self-Employment Income Support Scheme (SEISS) grants should be aware of the reporting requirements and tax treatment of these grants.   The grants are subject to income tax and self-employed National Insurance contributions (NIC).   The first three grants must be…

1st November 2021 Budget: Extended CGT reporting deadline for residential sales

UK resident individuals who dispose of UK residential property are sometimes required to deliver a CGT return to HMRC and make a payment on account of CGT now within 60 days (instead of the previous 30 days) of completion of the property disposal. Broadly, this only applies where the property disposal gives rise to a…

1st September 2021 31 Jan 22: self assessment deadline

There is now less than a calendar month before the tax return filing deadline of 31 January 2022. Do not delay – file it today!   If you are not sure if you need to file a tax return, did you…   Work for yourself between 6 April 2020 and 5 April 2021? Become a…

24th March 2021 Making Tax Digital – the next steps

Our MTD Group have produced Issue 5 of their newsletter giving details of Making Tax Digital (MTD) as it continues.   So if you are unsure of what to do next, our newsletter has information and advice how to proceed.  Don’t delay however as penalties will be introduced if submission deadlines are missed.   Making…

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)

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…