09Sep
Family-owned business challenges
There are nearly five million family businesses in the UK. Many of them facing challenges, specific to their very nature. Three such examples are: Work / life balance Key decision […]
Blog
08Sep
NICs to increase by 1.25% to help fund social care
From April 2022 certain National Insurance Contributions (NICs), paid by both employed and self-employed workers, and dividend tax rates will both rise by 1.25% in an effort to help fund […]
07Sep
The value of tax due diligence
Financial due diligence (FDD) is vital in any business acquisition and should never be overlooked. While specialist tax due diligence is a distinct component of FDD which shouldn’t be underestimated. […]
18Aug
Magma Corporate Finance advises on sale of Seaton Partners
Magma Corporate Finance is pleased to have advised on the sale of technology consultancy Seaton Partners to Big Four accountancy firm, EY. Seaton Partners has one office in the East […]
17Aug
UK partners and sole traders face higher tax bills in 2022
Following government proposals to shift the date when certain businesses disclose their income, over half a million partners and sole traders may face higher tax bills than expected next year. […]
13Aug
Over-55s failing to check IHT implications
Despite many believing their estates will exceed the threshold, nearly a third of over-55s are yet to check how Inheritance Tax (IHT) could impact them. Research conducted by Time Investments […]
11Aug
Employers “named and shamed” for failing to pay minimum wage
191 employers have been publically named and shamed by the government for not paying the National Minimum Wage (NMW). In the current list of employers published, £2.1m was found to […]
09Aug
HMRC tax avoidance unit shut down
Following no evidence of a correlation between the use of family investment companies (FICs) and non-compliant behaviour, the specialist HMRC unit has been disbanded. HMRC began to recognise that FICs […]
03Aug
Furlough scheme contribution doubles for employers
On 1 August employer contribution doubled to 20% and will remain at this level until the scheme ends on 30 September 2021. Employers must now pay 20% of the wages […]
02Aug
Adding robustness to your R&D claim
HMRC has stepped up their scrutiny for Research & Development (R&D) tax reliefs by recruiting 100 new inspectors, highlighting the importance for businesses to put together a robust R&D tax […]
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