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 […]
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 […]
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.
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.
Internship Opportunity at Alterledger
16 May 2018
Accounting Internship Opportunity at Alterledger in partnership with Santander and the University of Strathclyde.
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.
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?
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.
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.
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.
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
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.
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.
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.
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.
Accounting for Musicians Glasgow 2016 @scottishmusic
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.
Alterledger shortlisted for International Award
2 December 2016
Alterledger is delighted to be shortlisted for the @aandbscotland International Award in partnership with @waspsstudios.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
