Smarter accounting

Pawel Cieslak

Alterledger welcomes Pawel

10 August 2021, General

Welcome to Pawel! Pawel is the newest member of the team at Alterledger, joining as a Trainee Accountant.  We look forward to introducing him to our clients.

Death and taxes are the ultimate known knowns - you can add tax scams to this list.

Death, Taxes and Tax scams – known knowns

9 May 2021, Advocates, Artists, Creative Industries, General, Musicians, Sole Traders

It is said that there are two certainties in life, death and taxes.  The old cliche has a ring of truth, and you can add tax scams to the list of known knowns. Donald Rumsfeld was roundly mocked for his comment at a news briefing on 12th February 2002 about known knowns, but on reflection, […]

Sarita Barnawal

Alterledger welcomes Sarita

17 May 2021, General

Welcome to Sarita! Our latest recruit started today.  We are delighted to welcome Sarita to the team at Alterledger. Sarita is a member of the ACCA.  We look forward to introducing her to our clients.  

Trainee Accountant Glasgow Graduate

Let your career flourish

21 May 2021, General

Trainee Accountant Job Glasgow In partnership with Glasgow City Council, we are pleased to announce a vacancy for a trainee accountant at Alterledger.  If you live in the Glasgow City local authority and are ready to let your career flourish, this job could be for you.  The position offers study support and a route to […]

Growth Mindset

Who needs a growth mindset?

28 May 2021, General

What is a growth mindset? The concept of a growth mindset was brought to the public attention by Stanford psychologist Carol Dweck.  Her experience suggested that those who believed that their abilities could be developed outperformed those who believed they were fixed.  This might seem self-evident, but as shown below this has wider applications. What […]

Farewell Ellys

Farewell to Ellys

31 August 2021, General

Ellys left Alterledger today.  She will be returning to studying to gain a Masters degree and has funding for a PhD. We wish Ellys well and look forward to following her progress.  

Computer equipment intending trader

VAT intending trader

25 April 2021, Advocates, Barristers, Creative Industries, General, Musicians, Sole Traders

Before you start to trade you can register for VAT as an intending trader to recover input VAT on computer equipment and other costs.  You can also recover pre-registration VAT in some circumstances. Pre-trading VAT The current threshold for obligatory VAT registration is an annual turnover of £85,000. Voluntary registration is beneficial where: VAT on […]

pre-trading expenses

Pre-trading expenses

20 April 2021, Advocates, Barristers, Creative Industries, General, Musicians, Sole Traders

A sole trader may incur costs before setting up their trade.  Some of these pre-trading expenses are allowable for tax purposes subject to being ‘wholly and exclusively’ for the trade or profession. Capital items purchased prior to trading may also qualify for capital allowances. Pre-trading expenses Expenses incurred up to 7 years before commencement of […]

Use the STAR method for the Manager job at Alterledger

How to be a STAR interviewee

27 March 2021, General

For a stellar interview, be a STAR interviewee The STAR method is a useful framework to help you prepare for interviews.  The approach can be applied to job applications, performance reviews and workplace appraisals.  STAR will allow you to structure your answers to ensure that you are making your point clearly. What is the STAR […]

Accountancy Practice Manager Job Glasgow

Accountancy Practice Manager Job Glasgow

24 March 2021, General

Introduction The position of practice manager is a new role created in response to the growing demand for Alterledger’s services.  The post holder will report to Tim Alter and be responsible for managing a committed team to deliver excellent customer service through operational and commercial success. About Alterledger Alterledger is a Glasgow accountancy practice and […]

Ian will be much missed by the team and clients of Alterledger

Farewell to Ian

16 April 2021, General

Ian is leaving Alterledger to support a registered social landlord.  I have enjoyed working with Ian both in Alterledger and in a previous job. The team and clients of Alterledger will miss Ian; we wish him well in his new position at the end of May. New opportunities Sarita recently joined Alterledger, we also have […]

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.

What an employer is looking for

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.

VAT on services

VAT on services outside UK

25 February 2021, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

Buying and selling services This article considers what has changed (and what hasn’t) for businesses trading in services with the EU, including situations where there are crucial exceptions to the general rules. The highlights of VAT on services outside the UK In many cases, the VAT on services is no different to pre-Brexit 2020.  However, […]

never send word files

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!

Qualified Accountant Manager Job Glasgow

Accountancy Practice Manager Job Glasgow

1 April 2021, General

Opportunity for experienced ICAS Accountant The position of practice manager is a new role created in response to the growing demand for Alterledger’s services.  The post holder will report to Tim Alter, director of Alterledger and be responsible for managing a committed team to deliver excellent customer service through operational and commercial success. Apply for […]

set up a manual VAT payment if you have VAT owing from 2020

How to set up a manual VAT payment

10 February 2021, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

Deferred VAT payment due to Coronavirus On 24th September 2020 the UK Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 had more time to pay VAT from this period.  The same guidance still stands though.  If you chose to defer your VAT payment as a result of coronavirus, […]

Making Tax Digital compulsory for VAT registered businesses - HMRC AI will change everything

You need to change the way you submit your VAT returns

30 December 2020, Advocates, Barristers, Companies, Creative Industries, General, Sole Traders

Action required by 8 April 2021 If you haven’t signed up for Making Tax Digital (MTD) yet, you need to change the way you submit your VAT returns. Even if you currently use Xero to file your VAT returns, you won’t be able to use software to file returns from 8th April unless you are […]

Furlough Scheme Extended

Furlough Scheme Extended

1 November 2020, Companies, Creative Industries, Employer, General, Sole Traders

Coronavirus Job Retention Scheme Extended to end of March 2020 The furlough scheme, where the UK Government pays part of the salary costs of furloughed employees, was first extended to the end of November 2020.  Then in an announcement on 5 November 2020 the scheme was extended further until the end of March 2021. Furlough […]

The Job Support Scheme provides support from three sources

Job Support Scheme Update

22 October 2020, Charities, Companies, Creative Industries, Employer, General, Sole Traders

What changed with the Job Support Scheme update? The Job Support Scheme update (JSS) announced by Rishi Sunak today (22nd October) reduces the costs for employers and also reduces the minimum hours for workers to 20% compared to 33% previously. The UK Government will issue further guidance shortly, but for the moment, here is what […]

More time to pay VAT

More time to pay VAT

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

Rishi Sunak has given you more time to pay VAT On 24th September 2020 the UK Chancellor announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have more time to pay VAT from this period.  The original deadline for this VAT was 31st March 2021. Instead of paying […]

Qualified Accountant Manager Job Glasgow

Manager job for qualified accountant Glasgow

23 March 2021, General

Introduction The position of manager is a new role created in response to the growing demand for Alterledger’s services.  The postholder will report to Tim Alter and be responsible for managing a committed team to deliver excellent customer service through operational and commercial success. The job is office-based in Legal House.  The Alterledger offices are […]

The Job Support Scheme provides support from three sources

Job Support Scheme Key Facts

24 September 2020, Charities, Companies, Creative Industries, Employer, General, Sole Traders

How does the Job Support Scheme work? The Job Support Scheme is designed to protect viable jobs in businesses facing lower demand over the winter months due to Covid-19.  Employers will receive support from the UK Government to help keep their employees on payroll after the furlough scheme is withdrawn. The company will continue to […]

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 […]

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 […]

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 […]

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.

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 […]

Qualified Accountant Manager Job Glasgow

Manager job for qualified accountant Glasgow

23 March 2021, General

Introduction The position of manager is a new role created in response to the growing demand for Alterledger’s services.  The postholder will report to Tim Alter and be responsible for managing a committed team to deliver excellent customer service through operational and commercial success. The job is office-based in Legal House.  The Alterledger offices are […]

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.

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