15 October 2012 From 7 January 2013 the High Income Child Benefit Charge takes effect. Couples where at least one partner has high income may suffer extra income tax in relation to Child Benefit received by the family. Background Child Benefit is received tax-free. But a new income tax charge, the High Income Child Benefit […]
12 October 2012 The governments new proposals for owner-employee share schemes seek to encourage employee ownership of companies, whilst partially reducing the burden of employment laws. There will be a number of commercial, legal and tax considerations for companies and their employees to consider. The proposals The government proposes to introduce a new owner-employee share […]
8 October 2012 The government has recently announced changes to reporting and auditing requirements. As a result many more companies and LLPs will not require a mandatory audit. The changes have been marketed by the government as saving businesses millions in reporting and accountancy fees, however there are a number of factors that directors and […]
Magma Chartered Accountants is pleased to welcome David Hooker to its Audit and Assurance team. David gained a degree in English from Oxford Brookes Univesity this summer and is joining as a graduate trainee.
