Smarter accounting

Accounting for Musicians Workshop Belfast @OhYeahCentre

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.

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Alterledger shortlisted for International Award

2 December 2016

Alterledger is delighted to be shortlisted for the @aandbscotland International Award in partnership with @waspsstudios.

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Scott Fox shortlisted for Graduate Employee of the Year

Alterledger’s Scott Fox is shortlisted for Glasgow Graduate Employee of the Year

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.  

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Firstport Start Up and Fine Tune Your Social Enterprise

Start Up and Fine Tune Your Social Enterprise

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.

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Money collected by Digital Tax Accounts

Flat Rate Scheme Reverse Charge VAT

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.

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PAYE refund – how to get one

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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HMRC telephone scam

7 September 2016

There are two new scams that you need to be aware of.  Callers are leaving a phone message or posing as an HMRC investigator.  If you are on the receiving end of an HMRC telephone scam you can report it on 0300 1232040 or on the Action Fraud Website.

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HMRC interest rate change can save you money

24 August 2016

Following the Bank of England’s cut in its base rate from 0.5% to 0.25% on 4th August the HMRC interest rate has changed too.

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Dusseldorf Exchange Artist Klara Paterok comes to Glasgow

21 August 2016

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.

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Tax on bank rewards and cashback

28 July 2016

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.

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HMRC new bank account

20 June 2016

Most people will pay their tax electronically either through their payroll, direct debit or by bank transfer.  Tax payments made from overseas now go to the HMRC new bank details.

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RTI Late Reporting Codes

19 June 2016

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.

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Employment Allowance – how to get it

9 May 2016

The employment allowance enables most employers to claim a £3,000 deduction against National Insurance Contributions.

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Marriage Allowance update April 2016

17 April 2016

The Marriage Allowance is a tax break for couples where one partner doesn’t use all their tax free allowance.  For the 2016-17 tax year, which runs from 6th April 2016 to 5th April 2017 the tax free allowance is £11,000.

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Fine Tune Your Social Enterprise

24 February 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 Paisley on Friday 26th February.

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Get your discount 2016 tax return

7 February 2016

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.

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Accounting for Musicians

29 November 2015

Members of the Musicians Union are invited to a free seminar in Glasgow on 3rd December 2015.  See below for booking forms on Eventbrite.

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SRIT – the Scottish Rate of Income Tax

29 November 2015

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.

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Money collected by Digital Tax Accounts

Digital Tax Accounts – the end of tax returns?

26 November 2015

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.”

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Not the new childcare voucher sheme

5 November 2015

A new government-backed tax-free childcare scheme was set to go live in the autumn of 2015 but so far it has not materialised.  What has happened and is this new scheme still going ahead or not?

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Alterledger goes international

11 October 2015

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 […]

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Legal House

8 October 2015

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 […]

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Bring It All Home for musicians

9 September 2015

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, […]

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Company Directors salary (updated for 2016-17)

26 May 2015

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 […]

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Badges of Trade

22 May 2015

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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Pre-registration input VAT

12 May 2015

Input VAT is the VAT you pay on purchases of good and services.  Once a business is registered for VAT, this input VAT can be reclaimed as long as it relates to taxable supplies.  Under specific circumstances pre-registration input VAT can be reclaimed. View image | gettyimages.com Reclaim pre-registration input VAT Goods In most cases […]

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Start up VAT registration

12 May 2015

Cut your start up costs The timing of start up VAT registration can help you to cut costs at the most vulnerable time for your business.  Most start ups find that it can take a while before they are receiving income.  Rather than wait for sales before registering for VAT, you can register from the date […]

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Childcare vouchers

5 May 2015

As one door opens another closes A new tax-free childcare voucher scheme will start in Autumn 2015.  When this happens the current scheme for employees will close to new entrants, but still remain in place for existing employees.  If you are an employee, you will need to think about signing up now if the existing […]

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Accounts for Artists

3 May 2015

Tax breaks for artists Douglas Connell, a tax lawyer at Turcan Connell and chairman of Museums and Galleries Scotland has proposed preferential treatment in preparing tax accounts for artists.  His view is that tax breaks for artists would enrich Scotland’s cultural life.  He would like to see Irish-style tax breaks for “players in orchestras, craft […]

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Tim Alter is proud to be the only top rated accountant in Scotland according to the vouchedfor 2015 listings

Marriage Allowance 2015

12 April 2015

HMRC announced in February 2015 that registration had opened for the new marriage allowance tax break which enables couples to save the princely sum of up to £17.66 a month (£212 a year).   View image | gettyimages.com Marriage Allowance not just for the married The new tax relief, which came into effect on 6 April […]

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