Smarter accounting

Bounce Back Loan - a Bright Idea

Bounce Back Loan

29 April 2020, Advocates, Barristers, Charities, Companies, Creative Industries, Employer

Where CBILS fails, smaller companies can get a Bounce Back Loan The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.  The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be […]

COVID-19 small business grants in Scotland

Free webinar for COVID-19 Business Support

28 April 2020, Advocates, Artists, Charities, Companies, Creative Industries, Employer, Musicians, Sole Traders

COVID-19 Business Support webinar from Collabor8te Collabor8te is a coworking space in the heart of Glasgow.  Although the building is closed at the moment, they are still supporting the business community in Glasgow and across Scotland.  Collabor8te are putting on a free webinar to provide some answers on the COVID-19 business support measures that have […]

CBILS Forecast

CBILS Forecast

4 April 2020, Advocates, Barristers, Charities, Companies, Creative Industries, Employer

Why you need a Coronavirus Business Interruption Loan Scheme / CBILS Forecast. The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK.  The businesses under consideration are those that are losing revenue and seeing their cash flow disrupted as a result of the COVID-19 outbreak.  The scheme is […]

Creative Scotland Bursary

Creative Scotland Bursary Funds

30 March 2020, Artists, Creative Industries, Musicians

Creative Scotland COVID-19 Impact Funds Creative Scotland bursary funds are are available on three separate funding programmes.  The grants are designed to provide support to sustain Scotland’s creative community during the COVID-19 outbreak.  The Creative Scotland and Screen Scotland Bridging Bursaries will aim to support those most in need at this time, particularly those who […]

Claim Newly Self-Employed Hardship Fund

Claim Newly Self-Employed Hardship Fund Grant of £2,000

30 April 2020, Advocates, Artists, Creative Industries, General, Musicians, Sole Traders

Grants for newly self-employed Applications for this grant opened on the afternoon of Thursday 30th April.  Grants are administered by the local authority in which you live.  To claim newly self-employed hardship fund cash, refer to your own local authority website. Claim Newly Self-Employed Hardship Fund Cash You need to apply in your Local Authority […]

Claim Newly Self-Employed Hardship Fund

Newly Self-Employed Hardship Fund

24 April 2020, Advocates, Artists, Barristers, Creative Industries, General, Musicians, Sole Traders

Grants for newly self-employed The Scottish Government has announced a £34 million Newly Self-Employed Hardship Fund.  The fund will be managed by Local Authorities to allocate grants of £2,000 to the newly self-employed facing hardship.  The self-employed who started trading after 5th April 2019 are excluded from the Self-Employment Income Support Scheme.  The Scottish Government […]

VAT on services

VAT Expenses – What proof does HMRC need?

24 January 2020, Advocates, Companies, Creative Industries, Sole Traders

A recent case of missing documents highlights the need for supporting information for VAT expenses to minimise your VAT bill to HMRC. Make sure you have good bookkeeping systems to get the VAT back that you are entitled to.

How to reclaim extra VAT

2 December 2017, Advocates, Companies, Creative Industries, Sole Traders

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.

How to register with HMRC as Self-Employed

3 January 2017, Advocates, Artists, Barristers, Creative Industries, Musicians, Sole Traders

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

Alterledger COVID-19 page

Alterledger shortlisted for International Award

2 December 2016, Artists, Creative Industries

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

Dusseldorf Exchange Artist Klara Paterok comes to Glasgow

21 August 2016, Artists, Creative Industries

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.

National Insurance for Company Directors

National Insurance for Company Directors

5 February 2017, Charities, Companies, Creative Industries, Employer, Musicians

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.

Alterledger goes international

11 October 2015, Artists, Charities, Companies, Employer, Musicians, Sole Traders

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

8 October 2015, Advocates, Artists, Barristers, Charities, Companies, Employer, Musicians, Sole Traders

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 […]

Accounts for Artists

3 May 2015, Artists

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 […]

Class 2 NI small profits threshold

25 February 2015, Advocates, Musicians, Sole Traders

Changes to Class 2 National Insurance from April 2015 The self employed have to pay Class 2 National Insurance if their profits are over the small earnings limit (£5,885 in 2014-15).  HMRC has overhauled the system with the small earnings limit being renamed the Class 2 NI small profits threshold (SPT).  Until recently self employed workers had to […]

Class 2 National Insurance Contributions

13 December 2014, Advocates, Musicians, Sole Traders

Changes to Class 2 National Insurance payments If you currently pay your Class 2 National Insurance Contributions by Direct Debit Instruction (DDI) or have recently applied to do so, things are about to change!  The Government announced plans to simplify the way self-employed people pay Class 2 National Insurance contributions from April 2015. Most self-employed people will […]

Orchestra Tax Relief

4 December 2014, Companies, Musicians

Creative Industries Tax Relief The autumn statement from George Osborne announced a consultation on whether or not to extend Creative Industries tax relief and introduce an Orchestra Tax Relief.  See below for the existing creative industry relief arrangements.   Who can get the Orchestra Tax Relief? The Orchestra Tax Relief in common with the other […]

Tax breaks for artists and musicians?

9 October 2014, Companies, Musicians, Sole Traders

Should there be extra tax breaks for artists and musicians? The Republic of Ireland has had special tax breaks for artists since 1979.  Lord Smith of Kelvin will oversee the process of devolving additional powers over tax, spending and welfare to Scotland following the ‘No’ vote in the country’s independence referendum.  Douglas Connell, a tax […]

Alterledger is a Xero Partner

17 September 2014, Companies, Sole Traders

Alterledger is proud to be a Xero Partner Xero has created beautiful accounting software (yes really!) and works in partnership with accountants across the globe.  Alterledger is  Xero Partner and is pleased to be able to announce that Xero will be coming along to the Creative Industries Networking for Business event on 19th September.  If you […]

Creative Networking – Premium Tickets

17 September 2014, Companies, Sole Traders

Premium tickets released for Creative Networking Event Free tickets are still available for the Creative Industries Networking for Business event on 19th September. If you would like a little extra and a £100 voucher for Alterledger, premium tickets are now available. Online Ticketing for Creative Industries Networking for Business powered by Eventbrite Terms for Premium […]

Free networking for creatives – early bird offer

14 September 2014, Companies, Sole Traders

Free networking event for creatives in Soho If you want to meet some like-minded people for free networking and get some free advice on setting up and running your business, sign up on Eventbrite! Online Ticketing for Creative Industries Networking for Business powered by Eventbrite It is happening on Friday 19th September from 6pm in […]

Guide for start-ups part 2

10 September 2014, Charities, Companies, Sole Traders

How does my start-up get clients? You’ve set up your business and made decisions about forming a limited company, you are ready to trade, but how do you get clients for your start-up? Hopefully you already had some contacts before you started your business, but whatever your situation it is always good to expand your network.  […]

Guide for start-ups part 1

9 September 2014, Charities, Companies, Sole Traders

Should my start-up be a company? You’ve got a great idea, you’ve thought of a name for your business, but you are not sure whether or not you should set up a company.  You will hear from lots of people in your industry that they have set up a limited company, but is this right for […]

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