Latest posts
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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, HMRC has been writing letters to individuals about potentially undeclared dividend income. This latest…
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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, economic, cultural, and political achievements of women. IWD is one of the most important…
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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, focussing on productivity and long term growth. Below we’ve outlined the key measures announced,…
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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…
Recent posts
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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…
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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,…
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Nine senior promotions at Magma
Magma Chartered Accountants are pleased to announce several senior promotions to kick-start the new…
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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…
More recent posts
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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.
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Magma advises on the sale of Envirokey Limited to Reconomy
Magma is pleased to have advised the shareholders of Envirokey on their sale to leading international circular economy specialist, Reconomy. Envirokey’s subsidiaries, Smart Comply – a packaging compliance…
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Autumn Statement 2023 – Summary
In this summary we provide some details of the tax changes that have been announced that will be of interest to owner managed businesses, entrepreneurs and private clients.
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Companies House – Implications of the Economic Crime and Corporate Transparency Act
On 26 October 2023 the Economic Crime and Corporate Transparency Bill received Royal Assent, becoming the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The Bill brings stronger…
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Inheritance Tax and the Family Business
Whilst the proportion of family businesses that pass to the next generation remains on the decline, for those that do, Business Relief can provide up to 100% relief…
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Rugby accountancy firm champions office sustainability
Magma has used refurbished office furniture from Office Resale as part of its commitment to sustainable operations.
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Five promotions in Leicester & Rugby
Magma Chartered Accountants has recently made five promotions across their Rugby and Leicester offices.