Smarter accounting

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, […]

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 Ian’s departure creates a vacancy for a […]

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, […]

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.

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, […]

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 […]

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 […]

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 […]

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 […]

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.

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 […]

Qualified Accountant Manager Job Glasgow

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 […]

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.  […]

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 […]

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 […]

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