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.
Members of the Musicians Union are invited to a free seminar in Glasgow on 5th December 2017. See below for booking form on Eventbrite.
Members of the Musicians Union are invited to a free seminar in Belfast on 8th December 2016. See below for booking form on Eventbrite.
Members of the Musicians Union are invited to a free seminar in Glasgow on 6th December 2016. See below for booking form on Eventbrite.
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.
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.
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.
The Anna Lobner Glasgow / Dusseldorf Exchange provides a valuable opportunity for artists to have the space and time to develop their practice in a new environment. The programme started 13 years ago in memory of the German artist Anna Lobner.
Some high street banks have been offering rewards to their customers. A common question is whether or not you have to pay tax on bank rewards. Rewards are typically paid subject to criteria such as paying in a minimum amount each month and setting up direct debit instructions.
All UK employers are required to report wage payments on or before wages are paid, under the system known as Real Time Information (RTI). Under limited circumstances HMRC will accept late payroll information. To avoid a late reporting penalty you will need to use one of the 7 remaining RTI late reporting codes.
Everyone should have filed their 2015 tax return by 31st January 2016. For most people this means a sigh of relief and not thinking about it until again until next January. There is nothing to stop you filing your tax return in April or May if you have all the information you need.
From 5th April 2016 a new Scottish Rate of Income Tax (SRIT) will come into force in Scotland. Although is it currently anticipated that taxpayers in Scotland and the rest of the UK will pay the same rate of tax next year, it is likely that the regions will diverge in coming years as more power is devolved to Scotland.
The Spending Review and Autumn Statement 2015 from Chancellor George Osborne confirms that the government is committed to Digital Tax Accounts. The following extract is from the transcript of the speech delivered on 25th November 2015: “We’re going to build one of the most digitally advanced tax administrations in the world. So that every individual and every small business will have their own digital tax account by the end of the decade, in order to manage their tax online.”
We’re in Wales for the next few days We will be visiting clients in Cardiff over the next couple of days. No time for the rugby, but spotted this crashing through Cardiff Castle. Creative Industries in Cardiff Cardiff is the home of BBC Wales, BBC National Orchestra of Wales, Welsh National Opera and of course […]
Legal House – a new home for Alterledger Alterledger has grown significantly in the last few months. We specialise in accounting and business advice for the creative industries and legal professionals. Legal House is the ideal location as it is just across the river from Glasgow’s dynamic Merchant City, mooted as Europe’s leading cultural quarter. Legal House […]
Managing my money As part of the Bring It All Home series of events in Paisley, Tim Alter of Alterledger will be presenting a free session sharing tips and advice on maximising your earnings and keeping up to date with your accounts. Bring It All Home Bring It All Home is three day spectacular for artists, […]
The new tax year started on 6 April and with it came a rise in personal tax-free allowances and National Insurance (NI) limits. How do these and other factors affect the level of company directors salary? View image | gettyimages.com Company Directors salary If you’re a major shareholder of a private company it’s usually a […]
Do I have to pay tax on my hobby? If you run a business from home the likelihood is that you will have to pay tax on profits. Not all activities related to buying and selling are recognised as trading by HMRC. To establish whether a person is carrying on a trade you need to […]
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