Smarter accounting

How many VAT registered businesses in the UK need to sign up to Making Tax Digital

MTD Registration – progress to date

19 August 2019

MTD Registration – Key numbers The Making Tax Digital (MTD) rules became law for VAT periods starting on or after 1 April 2019. MTD registration requires VAT-registered businesses with taxable turnover over £85,000 to keep their VAT records digitally.  They must also submit their VAT return direct from their Making Tax Digital-compatible software.  The MTD […]

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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

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 […]

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Alterledger Customer Reviews

Alterledger customer reviews are now on Trustpilot

5 June 2019

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 […]

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PAYE payments can be made monthly or quarterly

Monthly PAYE payments or quarterly payments?

15 May 2019

How to pay your PAYE to HMRC The easiest way to pay your PAYE to HMRC is by bank transfer.  The bank details for HMRC are shown below. You’ll need to use your 13-character accounts office reference number as the payment reference. You can find this on either: the letter HMRC sent you when you first registered […]

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Pension re-declaration of compliance

Pension re-declaration of compliance

13 May 2019

How to complete your auto-enrolment pension re-declaration of compliance Any employers who started employing workers before 1st October 2017 will have been issued with a staging date.  This is the date when they had to have a qualifying auto enrolment pension in place.  For anyone who starting employing people after 30th September 2017 pension duties […]

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Pension Re-Enrolment

Pension re-enrolment

8 May 2019

Pension Re-Enrolment due every three years All employers should now be aware of the their pension obligations.  Any employers who started employing workers before 1st October 2017 will have been issued with a staging date.  This is the date when they had to have a qualifying auto enrolment pension in place.  For new businesses / […]

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How many VAT registered businesses in the UK need to sign up to Making Tax Digital

How many VAT registered businesses in the UK need to sign up to Making Tax Digital

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 […]

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How late can I register for Making Tax Digital for VAT?

29 April 2019

When is my first Making Tax Digital VAT return due? If you are asking yourself “How late can I register for Making Tax Digital for VAT? (MTDfV)” you are likely to be storing up problems.  Suppose you submit quarterly VAT returns to June and have to register for Making Tax Digital for VAT (MTDfV); your […]

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Has Making Tax Digital for VAT been delayed?

Has Making Tax Digital for VAT been delayed?

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 […]

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Scottish BarAdvocates Making Tax Digital for VAT Questions and Answers

Advocates Making Tax Digital for VAT Questions and Answers

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 […]

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Advocates Making Tax Digital for VAT seminar in Edinburgh

Advocates Making Tax Digital for VAT seminar in Edinburgh

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 […]

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Making Tax Digital for VAT

Making Tax Digital for VAT – why have HMRC sent a letter?

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 […]

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Alterledger team has new trainee

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.

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Trainee Accountant Job Glasgow

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 […]

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Always read the application details

What an employer is looking for

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

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Never send word files with your CV or covering letter

Never send word files

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.

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Alterledger Intern Opportunity

Internship Opportunity at Alterledger

16 May 2018

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

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Childcare voucher scheme – closure delayed again!

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 […]

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How to reclaim extra VAT

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.

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Accounting for Musicians Workshop Belfast @OhYeahCentre 2017

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.

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Accounting for Musicians Glasgow 2017 @scottishmusic

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.

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Charities and Corporation Tax

Charities and Corporation Tax

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.

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Employer Liability Insurance covers an employer for risks to employees at work

Employers Liability Insurance – make sure you have it!

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?

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Mid-sized businesses free tax advice

Mid-sized businesses free tax advice

27 September 2017

HMRC has announced extra help from its tax specialists to offer mid-sized businesses free tax advice.

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Ian Fordyce

Welcome Ian to Alterledger

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.

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Advocate's wig on tin with library in background

VAT Flat Rate Scheme for Advocates

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.

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Sole Director Companies and Auto Enrolment

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

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National Insurance for Company Directors

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.

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Graduate Trainee Accountant in the library

Graduate trainee accountant vacancy

16 January 2017

We are pleased to announce that a Graduate Trainee Accountant vacancy has been posted by Alterledger on the Glasgow Guarantee website.

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How to register with HMRC as Self-Employed

3 January 2017

The first task in working out if you need to register with HMRC is to assess whether you are self-employed. 

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