Smarter accounting
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 […]
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.
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.
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.
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.
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?
27 September 2017, Companies, Creative Industries, Employer
HMRC has announced extra help from its tax specialists to offer mid-sized businesses free tax advice.
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.
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.
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.
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.
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.
2 December 2016, Artists, Creative Industries
Alterledger is delighted to be shortlisted for the @aandbscotland International Award in partnership with @waspsstudios.
30 September 2016, Advocates, Artists, Barristers, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders
If a trader on the flat rate scheme for VAT purchases services from outside the UK, the business needs to account for Flat Rate Scheme Reverse Charge VAT according to Directive 2006/112/EC. Small businesses on the Flat Rate Scheme for VAT do not usually account for VAT on purchases.
7 September 2016, Advocates, Artists, Barristers, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders
There are two new scams that you need to be aware of. Callers are leaving a phone message or posing as an HMRC investigator. If you are on the receiving end of an HMRC telephone scam you can report it on 0300 1232040 or on the Action Fraud Website.
24 August 2016, Advocates, Artists, Barristers, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders
Following the Bank of England’s cut in its base rate from 0.5% to 0.25% on 4th August the HMRC interest rate has changed too.
21 August 2016, Artists, Creative Industries
The Anna Lobner Glasgow / Dusseldorf Exchange provides a valuable opportunity for artists to have the space and time to develop their practice in a new environment. The programme started 13 years ago in memory of the German artist Anna Lobner.
20 June 2016, Advocates, Artists, Barristers, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders
Most people will pay their tax electronically either through their payroll, direct debit or by bank transfer. Tax payments made from overseas now go to the HMRC new bank details.
9 May 2016, Companies, Creative Industries, Employer
The employment allowance enables most employers to claim a £3,000 deduction against National Insurance Contributions.
17 April 2016, Advocates, Artists, Creative Industries, Sole Traders
The Marriage Allowance is a tax break for couples where one partner doesn’t use all their tax free allowance. For the 2016-17 tax year, which runs from 6th April 2016 to 5th April 2017 the tax free allowance is £11,000.
7 February 2016, Advocates, Artists, Barristers, Creative Industries, Employer, Musicians, Sole Traders
Everyone should have filed their 2015 tax return by 31st January 2016. For most people this means a sigh of relief and not thinking about it until again until next January. There is nothing to stop you filing your tax return in April or May if you have all the information you need.
29 November 2015, Creative Industries, Musicians, Sole Traders
Members of the Musicians Union are invited to a free seminar in Glasgow on 3rd December 2015. See below for booking forms on Eventbrite.
29 November 2015, Advocates, Artists, Barristers, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders
From 5th April 2016 a new Scottish Rate of Income Tax (SRIT) will come into force in Scotland. Although is it currently anticipated that taxpayers in Scotland and the rest of the UK will pay the same rate of tax next year, it is likely that the regions will diverge in coming years as more power is devolved to Scotland.
26 November 2015, Advocates, Artists, Barristers, Companies, Creative Industries, Musicians, Sole Traders
The Spending Review and Autumn Statement 2015 from Chancellor George Osborne confirms that the government is committed to Digital Tax Accounts. The following extract is from the transcript of the speech delivered on 25th November 2015: “We’re going to build one of the most digitally advanced tax administrations in the world. So that every individual and every small business will have their own digital tax account by the end of the decade, in order to manage their tax online.”
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