Smarter accounting

VAT on Cancellation Fees

VAT on Cancellation Fees

14 September 2020, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

HMRC changes policy with VAT on Cancellation Fees On 2 September 2020, HMRC, issued a Brief dealing with the VAT on cancellation of a contract or early termination fees.  The VAT treatment has changed for fees a business charges to allow customers to withdraw from agreements early.  If your customer cancels an annual subscription part-way […]

Ellys Feather

Alterledger welcomes Ellys

16 September 2020, General

Welcome to Ellys! Our latest recruit started today.  We are delighted to welcome Ellys to the team at Alterledger as a Trainee Accountant.  We look forward to introducing her to our clients.

VAT on non-refundable deposits

VAT on non-refundable deposits

14 September 2020, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

VAT is chargeable on all non-refundable deposits HMRC requires you to charge VAT on non-refundable deposits.  So you must issue a VAT invoice for charges levied even if the customer does not use the goods or services.  This came into force with effect from 1 March 2019, cancelling HMRC’s previous interpretation which allowed some non-refundable […]

Overclaimed Furlough Funding needs to be repaid to HMRC

Overclaimed Furlough Funding

11 September 2020, Charities, Companies, Creative Industries, Employer, General

Coronavirus Job Retention Scheme According to Jim Harra, the First Permanent Secretary and Chief Executive of HMRC, there is more than £3.5bn of overclaimed furlough funding.  He estimates that claims in error or fraudulent claims may total up to 10% of cases.  HMRC is clamping down hard and looking at 27,000 active cases. In July […]

Claim to reduce payments on account

Claim to reduce payments on account

4 September 2020, Advocates, Artists, Barristers, Creative Industries, General, Musicians, Sole Traders

Reduce your income tax payments on account to HMRC You can reduce payments on account to HMRC if you expect your profits to be lower in the year to 5th April 2021.  Most sole traders will find that their taxable profits will be lower this year due to the effects of the COVID emergency.  If […]

Daniel Murray

Alterledger welcomes Daniel

11 September 2020, General

Welcome to Daniel! We are delighted to welcome Daniel to the team at Alterledger as a Trainee Accountant.  We look forward to introducing him to our clients.

Graduate Trainee Accountant Job Glasgow

7 August 2020, General

Trainee Accountant Job Glasgow Due to the growing demand for our services we have 2 trainee accountant job vacancies at Alterledger.  The positions offer study support and a route to gaining a permanent position as a qualified accountant in a modern accountancy practice.  It is expected that the trainee would complete a qualification with CIMA […]

Top excel functions

What is the formula for success? How to excel at excel.

22 July 2020, Companies, Employer, General

If you are going to claim to have advanced Excel skills, make sure you are familiar with the functions and features added to Microsoft 365 in the last few years. As a bare minimum you need to familiar with Excel Tables, PivotTables and functions such as VLOOKUP, and SUMIFS.

How to set up your VAT Direct Debit

How to set up a VAT Direct Debit

19 June 2020, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

No more extra time to pay your VAT As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments and cancelling VAT Direct Debit instructions if they were unable to pay on time.  This allows VAT to be deferred without incurring late payment interest or penalties.  […]

Always read the application details

What an employer is looking for

1 May 2018, Companies, Employer, General

How do you know what an employer is looking for when they post a job advert? This post will point you in the right direction.
If you are applying for a job with any professional firm (and especially if you are applying for a job with Alterledger) make sure you consider the advice here.

Never send word files with your CV or covering letter

Never send word files

17 May 2018, General

Never send word files unless you really have to. In most cases a PDF file will be the better option as it retains your formatting and allows you to control your document.
Sending word files with key information including covering letters and CVs can be perceived as unprofessional. There is no excuse not to send these files in PDF format!

Claim Newly Self-Employed Hardship Fund

Claim Newly Self-Employed Hardship Fund Grant of £2,000

30 April 2020, Advocates, Artists, Creative Industries, General, Musicians, Sole Traders

Grants for newly self-employed Applications for this grant opened on the afternoon of Thursday 30th April.  Grants are administered by the local authority in which you live.  To claim newly self-employed hardship fund cash, refer to your own local authority website. Claim Newly Self-Employed Hardship Fund Cash You need to apply in your Local Authority […]

Alterledger team has new trainee

7 November 2018, General

Welcome to Fiona We are delighted to welcome Fiona to the team at Alterledger as a Trainee Accountant.  We look forward to introducing her to our clients. Fiona will be working through her ACCA qualification to build on her experience of working with HMRC.

How to set up your VAT Direct Debit

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 […]

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 […]

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 […]

Claim Newly Self-Employed Hardship Fund

Newly Self-Employed Hardship Fund

24 April 2020, Advocates, Artists, Barristers, Creative Industries, General, Musicians, Sole Traders

Grants for newly self-employed The Scottish Government has announced a £34 million Newly Self-Employed Hardship Fund.  The fund will be managed by Local Authorities to allocate grants of £2,000 to the newly self-employed facing hardship.  The self-employed who started trading after 5th April 2019 are excluded from the Self-Employment Income Support Scheme.  The Scottish Government […]

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.

Tax charge on a director's loan

Tax charge on a Director’s Loan

20 September 2019, Companies, General

When your company has a tax charge on a director’s loan If you are a director or shareholder in a ‘close’ company, any money owed to the company can trigger a tax charge on a director’s loan. What is a close company? A close company is broadly defined as a company which is under the […]

Get £100 each for you and a friend

Love what we do? Tell a friend and get £100 each for you and them

10 June 2019, General

Get £100 each for you and a friend If you are a client of Alterledger, you can get up to £100 for yourself and for any friends that you refer to us. How do I get my reward? We’ll add credit to your account after your friend becomes a paying customer of Alterledger. What if […]

Alterledger Customer Reviews

Alterledger customer reviews are now on Trustpilot

5 June 2019, General

Trustpilot Alterledger customer reviews are now on Trustpilot.  We previously used vouchedfor, but on the 4th June we started a review page on the Trustpilot site.  If you have benefited from Alterledger’s services, why not leave a review? Trustpilot Why change to Trustpilot? The vouchedfor website is specifically for accountants and other financial services, but […]

Farewell to Fiona

4 June 2020, General

Fiona is leaving Alterledger to continue her career in Edinburgh.  She has made a valuable contribution to the company alongside studying for her ACCA professional qualification.  We are sorry to see her go and wish her luck for the future. New opportunities Alterledger continues to grow so we will be recruiting shortly.  Please check this […]

Trainee Accountant Job Glasgow

30 August 2018, General

Trainee Accountant Job Glasgow Due to the growing demand for our services, we have a trainee accountant job vacancy at Alterledger.  The position offers study support and a route to gaining a permanent position as a qualified accountant in a modern accountancy practice.  It is expected that the trainee would complete a qualification with CIMA or […]

Alterledger Intern Opportunity

Internship Opportunity at Alterledger

16 May 2018, General

Accounting Internship Opportunity at Alterledger in partnership with Santander and the University of Strathclyde.

Ian Fordyce

Welcome Ian to Alterledger

31 July 2017, General

Ian Fordyce CA joined Alterledger on 31st July 2017. Ian has a wealth of experience in practice and industry. Tim and Ian worked together for a number of years as management accountants for a leading Scottish charity. We welcome Ian to Alterledger and look forward to introducing him to our clients.

Scott Fox shortlisted for Graduate Employee of the Year

Alterledger’s Scott Fox is shortlisted for Glasgow Graduate Employee of the Year

29 November 2016, General

We are excited to announce that Scott Fox has been shortlisted for the Glasgow Guarantee Graduate Employee of the Year.  Alterledger has been invited to the Glasgow Guarantee Celebration Event on 30th November when the winner will be announced.  

New Alterledger website

4 September 2014, General

Alterledger website The new Alterledger website is live. Big thanks to Haiwyre for designing it and getting everything ready.  Have a look round and let me know what you think Tim Alter – Chartered Management Accountant

Website by Haiwyre