14Jan
Tax-effective donating with Payroll Giving
Payroll Giving offers your employees the choice to donate money to a UK charity without paying tax on it. How does it work? The Payroll Giving scheme, set up by […]
Blog
12Jan
Is your auditor on another planet (… or at least hoping to be)?
Backed by the Financial Reporting Council’s (FRC) stated policy to increase competition across the FTSE 350 Audit market, aspiring “challenger audit firms” are desperate to capitalise on bigger things. As […]
10Jan
The Making Tax Digital scope is expanding
From April 2022, all VAT-registered businesses, including those with a turnover below the VAT threshold, will be required to keep VAT records digitally and send returns using Making Tax Digital […]
06Jan
Notable 2022/23 tax changes for business owners
A new tax year approaches and with it new tax changes for employers to be aware of. We summarise the most important changes that take effect from April 2022 below. […]
21Dec
Establishing a family investment company
A family investment company could offer a viable solution for family business owners to save on Income Tax and Inheritance Tax. What is a family investment company? A family investment […]
13Dec
Do you qualify for Land Remediation Relief?
Land Remediation Relief (LRR) can provide tax relief in all commercial property sectors where companies are subject to corporation tax. Unlike capital allowances, LRR is available to property investors and […]
08Dec
HMRC’s growing attention towards cryptocurrency
The rise in prominence of cryptocurrency has seen HMRC issuing speculative letters to taxpayers, warning them of potential Capital Gains Tax (CGT) implications. The letters from the treasury focus on […]
07Dec
Inaugural TAM Day sets out tax details
The UK government has marked the inaugural Tax Administration and Maintenance (TAM) Day with the release of 30 papers covering a wide range of tax issues. Chancellor Rishi Sunak made […]
30Nov
IHT receipts jump £600m year-on-year
HMRC has published data showing Inheritance Tax (IHT) receipts reached £3.6bn between April 2021 and October 2021 – £600m higher than in the same period in 2020. The higher receipts […]
25Nov
Magma turns 10!
Magma Chartered Accountants are celebrating their 10th anniversary this month. Since 2011, Magma has expanded significantly by any measure, including; Mark Tuckwell, Managing Partner at Magma, commented: “The last 10 […]
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