07Dec
HMRC approves ‘virtual’ Christmas parties
HM Revenue & Customs (HMRC) has recently confirmed that the annual parties exemption in ITEPA 2003 s 264 can apply equally to virtual parties, such that the cost of providing […]
Blog
24Nov
Magma Corporate Finance advises on the acquisition of Star Platforms
Sudhir Power, an India-based power generation specialist and manufacturer, has acquired UK access equipment specialist rental company Star Platforms. Founded in 1973, Sudhir Group already has rental operations in India, […]
16Nov
Capital Gains Tax – potential changes ahead
The Office of Tax Simplification (OTS) has conducted an extensive review of capital gains tax and has now published its findings and recommendations. The OTS is an independent adviser to […]
03Nov
Coronavirus Job Retention Scheme (CJRS) Extended
The Job Support Scheme(JSS) which was due to start on 1 November will now be delayed as the Prime Minister has announced a one-month extension to the CJRS to ensure […]
29Oct
Job Support Scheme (JSS) – how do the new post-furlough changes work?
The existing furlough scheme (CJRS) will end in a matter of days, and will be replaced on 1st November by the Job Support Scheme (JSS) which will run until 30 […]
27Oct
Thinking of selling your business, or de-risking? ….delayed changes to Capital Gains Tax could be a chink of light
Prior to the Chancellor’s recent announcement that he was cancelling his Autumn Statement, it was widely believed capital gains tax (CGT) rates were to be increased to recover part of […]
15Oct
Magma strengthens tax team
Magma Chartered Accountants has announced a new Partner promotion, as well as 3 new recruits, within its very highly reputed tax team. Michelle Andrews becomes the firm’s 5th Tax Partner. […]
13Oct
HMRC receives letting data from Airbnb
Landlords need to be aware that HMRC will know about their lettings through Airbnb, so should make a full disclosure if they have undeclared Airbnb income. HMRC has for some […]
28Sep
“If at first you don’t succeed………”
“If at first you don’t succeed, try and try again!” – one of those great motivational quotes, never more appropriate than when dealing with HMRC. Over the years, across our […]
25Sep
Chancellor Rishi Sunak unveils further measures to support businesses
Chancellor Rishi Sunak has announced further measures to support businesses covering three main areas: The new Job Support Scheme means that for six months from 1 November the Government will […]
Memberships
Contact us
© 2018 Magma Chartered Accountants. Rugby, Milton Keynes and Cossington in Leicestershire