Smarter accounting
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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, […]
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 […]
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 […]
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 […]
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.
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 […]
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 […]
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.
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.
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.
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.
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.
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.
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.
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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