Smarter accounting
Smarter accounting
30 March 2019
How many VAT registered businesses in the UK are there? Figures from the Office of National Statistics state that there are 2.67 million businesses registered for VAT and/or PAYE. Any business with employees must register for PAYE, but not all of these businesses are registered for VAT. This prompts the question – how many VAT […]
15 March 2019
Has Making Tax Digital for VAT been delayed? Making tax digital for VAT legislation requires you to have “digital links” between your financial data and your VAT reports to HMRC. What changes might you need to make to your record keeping to achieve this? A “soft landing” delays the date that you need to have […]
2 March 2019
Advocates Making Tax Digital for VAT Questions and Answers Tim Alter gave a lunchtime talk to the Scottish Bar on 1st March 2019. The members of the Faculty of Advocates were highly engaged in the session on Making Tax Digital for VAT. There was a lively and heartfelt response including a wide ranging discussion on […]
28 February 2019
Advocates Making Tax Digital for VAT seminar We are looking forward to presenting the Advocates Making Tax Digital for VAT seminar in the Mackenzie Building in Edinburgh on 1st March 2019. Tim Alter will be presenting the lunchtime talk to the Faculty of Advocates. For any advocates who can’t make the Edinburgh talk at 1:00 […]
22 November 2018
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 […]
7 November 2018
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.
30 August 2018
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 […]
1 May 2018
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
17 May 2018
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.
16 May 2018
Accounting Internship Opportunity at Alterledger in partnership with Santander and the University of Strathclyde.
9 May 2018
Scheme open to new entrants until 4 October 2018 Childcare voucher schemes were supposed to close to new applicants on 5 April 2018, but has been extended for a further six months. Should you consider offering childcare vouchers to your employees while you still can? Summary of childcare voucher scheme The childcare voucher schemes were supposed to […]
2 December 2017
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
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
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 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
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
HMRC has announced extra help from its tax specialists to offer mid-sized businesses free tax advice.
31 July 2017
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.
18 March 2017
The VAT Flat Rate scheme for advocates is changing along with all other Limited Cost Traders on 1st April 2017. The scheme was introduced with the intention of simplifying VAT. It was never intended to be a tax allowance or a way of saving VAT. The assumption from HMRC was that the scheme would be broadly revenue neutral.
18 March 2017
A company, or individual without employees is not required to have an Automatic Enrolment Pension Scheme. Where a company has no-one on payroll and no workers it is normally clear that Auto Enrolment doesn’t apply. The situation is less obvious with sole director companies and auto enrolment. If you are the sole director of your company and have no staff or workers, the company does not have automatic enrolment duties
5 February 2017
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
We are pleased to announce that a Graduate Trainee Accountant vacancy has been posted by Alterledger on the Glasgow Guarantee website.
3 January 2017
The first task in working out if you need to register with HMRC is to assess whether you are self-employed.
5 December 2016
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
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
Alterledger is delighted to be shortlisted for the @aandbscotland International Award in partnership with @waspsstudios.
29 November 2016
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.
6 November 2016
If you are thinking of starting up a social enterprise or need advice on running an existing business, come along to the Firstport event in Glasgow on Friday 11th November. A series of free workshops have been organised to help you Start Up and Fine Tune your Social Enterprise.
30 September 2016
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.
25 September 2016
The normal process for reclaiming overpaid PAYE to HMRC is to deduct the amount HMRC owes you from your next regular payment. For this reason HMRC does not normally process an automatic PAYE refund.
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