Magma Chartered Accountants are pleased to announce several promotions and new additions to the Magma team to further strengthen its client offering. Alongside the seven new joiners to the business since the start of the year, we are pleased to announce four recent promotions. Jade Varden (Manager) and Selina Kaur (Consultant) are both promoted within […]
There’s a myriad of reasons why an M&A deal may fail, but there are certainly more common and basic scenarios that business owners can look to avoid. Some of the basic reasons include: Get in touch Magma Corporate Finance are experienced in navigating the many dangers of the process, and working with business owners to […]
Amid spiralling living costs, and significant differences between the tax rates on capital gains and income, company share schemes may offer an appealing option both for you and your employees. The measures taken by Chancellor Rishi Sunak to increase personal taxes, such as the increase in National Insurance now in effect, along with freezing allowances […]
If you manufacture or import 10 or more tonnes of plastic packaging within a 12 month period, you may need to register for plastic packaging tax. What is the plastic packaging tax? On 1 April 2022, the UK government enforced a tax applicable to some plastic packaging manufacturing and imports (or packaging for which plastic […]
£17m was collected by HMRC from buy-to-let landlords in the last year, with the Treasury clamping down on the large amount of unpaid tax in the sector. Thousands of landlords are being contacted by HMRC through its Let Property Campaign – an opportunity for landlords who owe tax through letting out residential property, in the […]
Whether you’re looking to acquire or sell a business, an M&A negotiation can be a complex and delicate process. Here are some useful tips to consider. Define what you want to achieve from the outset of the negotiation – what is important to you, including your ‘red lines’ and ‘walk aways’? Make the first offer […]
