Latest posts
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Spring promotions at Magma
Magma Chartered Accountants are delighted to announce five new promotions across its Payroll, Audit, Business Services and Corporate Tax teams this Spring. In Corporate Tax, Danika Bhakta has…
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Proposed company size threshold increases
Overview The UK Prime Minister’s announcement in March 2024 introduced proposed increases to the monetary thresholds defining company size. This initiative aims to simplify reporting requirements and reduce…
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Magma advises on sale of Select Surveys Limited to LinesearchbeforeUdig Limited
Magma Corporate Finance are pleased to have advised LinesearchbeforeUdig Limited (LSBUD) on their recent acquisition of Select Surveys Limited. LSBUD is a free to use service where users…
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Navigating the new landscape: UK Companies House undergoes transformative changes
UK Companies House has embarked on a significant transformation following the enactment of the Economic Crime and Corporate Transparency Act in October 2023. This landmark legislation introduces a…
Recent posts
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Changes coming into effect that may impact your finances
During the Budget statement, the Chancellor announced what could be seen as ‘vote winning’…
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Financial Strategy: for business growth
Financial strategy for business growth
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HMRC clamps down on undeclared dividend income
HMRC has recently started another ‘One to Many’ campaign and from 4 February 2024,…
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International Women’s Day 2024
International Women’s Day International Women’s Day (IWD) is a global day celebrating the social,…
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Spring Budget 2024 on a page: key measures
On 6 March 2024, Chancellor Jeremy Hunt delivered a Spring Budget to the UK,…
More recent posts
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R&D at HMRC: what’s going on?
Last year, we discussed the HMRC stepping up its enforcement efforts to clamp down on R&D tax avoidance, including enquiry activity, targeting fraudulent and non-compliant claims. And that…
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Spring Budget 2024: What can we expect to see?
Jeremy Hunt’s Spring Budget 2024 is just over a week away, and there is already speculation about what could be announced. The Budget is the final opportunity for…
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HMRC update: changes for double-cab pick-ups
HMRC have recently issued new guidance in its Employment Income Manual for double cab pick-ups. If you own one, that you use for both business and commercial purposes, or you’re planning to get one – you’ll need to be aware of these changes.
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Magma appoints new Marketing Manager
Magma continues to strengthen and expand its team with the appointment of Bethany Duffin, as Marketing Manager. Moving within the professional services industry, Bethany has recently concluded a…
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Nine senior promotions at Magma
Magma Chartered Accountants are pleased to announce several senior promotions to kick-start the new year. A successful start to 2024 for the Magma team, with nine senior promotions…
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Magma join forces with Top 30 firm, Dains Group
We are pleased to announce that Magma have joined forces with Dains, to become part the Dains Group, bolstering our credentials into the next chapter of our exciting…
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Magma Christmas Opening Hours 2023/2024
Festive Greetings from all at Magma Chartered Accountants. As Christmas fast approaches, we would like to extend warm wishes to all our clients and contacts who have supported…
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Tax and your work Christmas party
As 2023 draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient…
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Reporting payment to HMRC if you pay your employees early in December
HMRC allow an easement where employers pay their employees early at Christmas. Read this article to find out how and when to report payments on the FPS if you pay your employees earlier than normal in December.