Smarter accounting

furlough funding

How to claim furlough funding from HMRC

8 April 2020, Charities, Companies, Creative Industries, Employer

HMRC is working on furlough website Many business owners are waiting for details of how to claim furlough funding from HMRC.  Details of the Coronavirus Job Retention Scheme (CJRS) are gradually being released by HMRC. How do I claim my furlough funding? HMRC are working as fast as they can to deliver the service that […]

CBILS Forecast

CBILS Forecast

4 April 2020, Advocates, Barristers, Charities, Companies, Creative Industries, Employer

Why you need a Coronavirus Business Interruption Loan Scheme / CBILS Forecast. The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK.  The businesses under consideration are those that are losing revenue and seeing their cash flow disrupted as a result of the COVID-19 outbreak.  The scheme is […]

Deferred VAT Payment

Deferred VAT payment and how to cancel your Direct Debit

3 April 2020, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

Extra time to pay your VAT On 20th March 2020 the UK Chancellor announced support to businesses in the form of a deferred VAT payment scheme.  This helps VAT registered businesses with their cash flow during the COVID-19 pandemic.  All VAT registered businesses can defer VAT payments.  If you currently pay by Direct Debit, you […]

Save more than 16% on Zoom subscription

Save more than 16% on Zoom subscription

2 April 2020, Advocates, Artists, Barristers, Companies, Creative Industries, Employer, General, Musicians, Sole Traders

Pay less for online subscriptions It seems that almost everyone is turning to online communications in the current situation, with Zoom, WhatsApp and Skype seeing a dramatic increase in use.  Even the UK prime minister is an advocate of Zoom.  Save more than 16% on Zoom costs by following the steps below.  You can also […]

Creative Scotland Bursary

Creative Scotland Bursary Funds

30 March 2020, Artists, Creative Industries, Musicians

Creative Scotland COVID-19 Impact Funds Creative Scotland bursary funds are are available on three separate funding programmes.  The grants are designed to provide support to sustain Scotland’s creative community during the COVID-19 outbreak.  The Creative Scotland and Screen Scotland Bridging Bursaries will aim to support those most in need at this time, particularly those who […]

Furlough FAQ

Furlough FAQ and resources

29 March 2020, Charities, Companies, Creative Industries, Employer, Sole Traders

Coronavirus Job Retention Scheme – Furlough FAQ All UK employers will be able to access support for furloughed workers.  This includes charities, non profit and public bodies.  The government expects that the scheme will not be used by many public sector organisations.  The majority of public sector employees are continuing to provide essential public services […]

Self-employment Income Support Scheme

Self-employment Income Support Scheme

27 March 2020, Advocates, Artists, Barristers, Creative Industries, Musicians, Sole Traders

Government grant to freelancers Details of the Self-employment Income Support Scheme have now been released to support the self-employed or members of a partnership with trading income. Who can apply for the Self-employment Income Support Scheme? You can apply if you’re a self-employed individual or a member of a partnership and you: have submitted your […]

COVID-19 small business grants in Scotland

COVID-19 small business grants in Scotland

26 March 2020, Artists, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders

Grants for business Each local authority will be processing COVID-19 small business grants in Scotland.  Applications must be made to the local authority where you are liable for non-domestic rates. How to claim COVID-19 small business grants in Scotland There are two types of grant available to ratepayers: £10,000 grant to ratepayers of businesses in […]

extend your accounts filing deadline

Extend your accounts filing deadline

26 March 2020, Charities, Companies, Creative Industries

Company Accounts If your company accounts can’t be prepared in time due to the COVID-19 emergency you can apply to extend your accounts filing deadline by 3 months. How to extend your accounts filing deadline Company accounts for a private limited company are normally due for filing 9 months after the year end date.  If […]

Coronavirus Job Retention Scheme

Coronavirus Job Retention Scheme update

27 March 2020, Charities, Companies, Creative Industries, Employer, Sole Traders

Coronavirus Job Retention Scheme All UK employers will be able to access support for furloughed workers who would otherwise be laid off during the COVID-19 emergency.  Details have now been released.  An online portal will be made available to claim funding from the Coronavirus Job Retention Scheme, which will backdate funding to 1st March 2020. […]

Empty office due to furloughed workers

Furloughed workers

23 March 2020, Companies, Creative Industries, Employer, Sole Traders

Furloughed workers and the Coronavirus Job Retention Scheme All UK employers will be able to access support for furloughed workers who would otherwise be laid off during the COVID-19 emergency.  Details have now been provided by the UK Government.  An online portal will be made available to claim funding from the Coronavirus Job Retention Scheme, […]

no income tax payment due in July 2020

No income tax payments due in July

20 March 2020, Advocates, Artists, Barristers, Creative Industries, General, Musicians, Sole Traders

Payments on account cancelled in July The UK Government announced on 20th March that there would be no income tax payments due in July 2020 for the self-employed. Payments on Account Personal tax returns must be filed by 31st January following the end of the tax year. For the tax year ended 5th April 2019 […]

Windmills are a classic example of the circular economy

Alterledger and the Circular Economy

16 March 2020, Charities, Companies, Creative Industries

Defining the Circular Economy The circular economy is a viable alternative to former unsustainable ways of operating.  Accountants are joining other businesses and the City of Glasgow in recognising the positive impact of changing working practices to create a more sustainable future. The circular economy is a direct challenge to the ‘take-make-waste’ mentality of the […]

Tax free van benefit in kind - did you know that the van Gogh Museum is open on Christmas day?

Company Van Benefit in Kind trap

26 January 2020, Companies, Creative Industries, Employer, General, Musicians

Van benefit in kind tax charge Driving a van as your company vehicle has tax advantages over a car.  The tax charge is generally low compared with a car, and can even be zero in circumstances where a car would be taxable.  What conditions must you satisfy to eliminate a van benefit in kind tax […]

VAT Expenses require supporting paperwork

VAT Expenses – What proof does HMRC need?

24 January 2020, Advocates, Companies, Creative Industries, Sole Traders

A recent case of missing documents highlights the need for supporting information for VAT expenses to minimise your VAT bill to HMRC. Make sure you have good bookkeeping systems to get the VAT back that you are entitled to.

Tramshed Tech is in Cardiff

Alterledger in Tramshed Tech

13 December 2019, Companies, Creative Industries, Sole Traders

Alterledger is coming to Tramshed Tech in Cardiff to give free tax and accounting advice at 11:00 on 20th December Alterledger has been on tour with sessions for the creative industries in Glasgow on 10th December 2019 and Belfast on 12th December 2019.  It will be Cardiff’s turn on 20th December so Tim Alter will be in […]

Tax and Accounting for Musicians - Get It Right and Save Money

Tax and Accounting for Musicians: Get It Right and Save Money!

5 December 2019, Creative Industries, Musicians, Sole Traders

Free Tax and Accounting for Musicians’ Union members Members of the Musicians Union are invited to a free seminar – Tax and Accounting for Musicians in Glasgow on 10th December 2019 and Belfast on 12th December 2019.  You can learn how to take some of the stress out of filing your tax return.  If you are […]

Give gifts on 5th December to celebrate Sinterklaas

Give gifts on 5th December

3 December 2019, Advocates, Charities, Companies, Creative Industries, Employer, General, Sole Traders

You can give gifts to your staff and customers at any time of the year. Learn how to avoid the pitfalls of paying tax and VAT on your generosity.

Making Tax Digital for VAT

Making Tax Digital for VAT – why have HMRC sent a letter?

22 November 2018, Advocates, Barristers, Companies, Creative Industries, Sole Traders

HMRC VAT letter – what does it mean? Many business have received an HMRC VAT letter in the last week.  This letter informs VAT registered businesses that HMRC processes are being modernised, known as Making Tax Digital (MTD) for VAT. What do I need to do? The HMRC VAT letter doesn’t require you to do anything […]

How to reclaim extra VAT

2 December 2017, Advocates, Companies, Creative Industries, Sole Traders

HMRC’s VAT Input Tax Toolkit highlights common errors businesses make when they reclaim VAT on purchases.  As you would expect from an HMRC publication it focuses on situations where you can’t or shouldn’t reclaim VAT.

Accounting for Musicians Workshop Belfast @OhYeahCentre 2017

26 November 2017, Creative Industries, Musicians, Sole Traders

Members of the Musicians Union are invited to a free seminar in Belfast on 7th December 2017.  See below for booking form on Eventbrite.

Charities and Corporation Tax

Charities and Corporation Tax

16 November 2017, Charities, Companies, Creative Industries

Charities and Corporation Tax returns are often misunderstood.  Charities may think that they are automatically exempt from tax on all their income.  As the article explains below, charities may be subject to Corporation Tax on profits / surpluses.

Employer Liability Insurance covers an employer for risks to employees at work

Employers Liability Insurance – make sure you have it!

13 October 2017, Charities, Companies, Creative Industries, Employer, Sole Traders

Following an anonymous complaint to the Health and Safety Executive (HSE), a small Manchester-based company received a fine of £2,500 for failing to have adequate Employers Liability Insurance (ELI).  What are the rules?

Mid-sized businesses free tax advice

Mid-sized businesses free tax advice

27 September 2017, Companies, Creative Industries, Employer

HMRC has announced extra help from its tax specialists to offer mid-sized businesses free tax advice.

National Insurance for Company Directors

5 February 2017, Charities, Companies, Creative Industries, Employer, Musicians

Most employees will pay Class 1 National Insurance each pay day.  The weekly threshold is £157 a week with the monthly threshold being £680.  If an employee earns above these amounts, they will start paying National Insurance above the threshold at 12%.  National Insurance for Company Directors can be worked out differently.

Accounting for Musicians Glasgow 2017 @scottishmusic

26 November 2017, Creative Industries, Musicians, Sole Traders

Members of the Musicians Union are invited to a free seminar in Glasgow on 5th December 2017.  See below for booking form on Eventbrite.

How to register with HMRC as Self-Employed

3 January 2017, Advocates, Artists, Barristers, Creative Industries, Musicians, Sole Traders

The first task in working out if you need to register with HMRC is to assess whether you are self-employed. 

Graduate Trainee Accountant in the library

Graduate trainee accountant vacancy

16 January 2017, Charities, Creative Industries, Employer

We are pleased to announce that a Graduate Trainee Accountant vacancy has been posted by Alterledger on the Glasgow Guarantee website.

Accounting for Musicians Workshop Belfast @OhYeahCentre

5 December 2016, Creative Industries, Musicians, Sole Traders

Members of the Musicians Union are invited to a free seminar in Belfast on 8th December 2016.  See below for booking form on Eventbrite.

Scottish Music Centre

Accounting for Musicians Glasgow 2016 @scottishmusic

5 December 2016, Creative Industries, Musicians, Sole Traders

Members of the Musicians Union are invited to a free seminar in Glasgow on 6th December 2016.  See below for booking form on Eventbrite.

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