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 […]
Blog
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 […]
24Nov
Christmas gifts and their tax implications
With Christmas fast approaching, you may be looking to provide gifts for your staff. So, what do business owners need to consider from a tax perspective? What gifts are tax […]
19Nov
Is the scope increasing for ‘one to many’ letters?
HMRC appear to be sending ‘one to many’ (OTM) letters for a growing number of reasons, including employment income, foreign tax and crypto assets. What are OTM letters? HMRC will […]
17Nov
Magma support over £150m worth of deals in a year
Magma Corporate Finance’s rising profile in the M&A realm continues as they contribute to transactions worth over £150m in value in the last 12 months. Magma’s corporate finance team over […]
15Nov
Attract and retain employees with share schemes
The competition for talented staff is stiffer than ever. However, employee share schemes may offer an appealing employee reward solution for businesses struggling to attract and retain their personnel. When […]
11Nov
Tax changes for limited companies holding residential property
The Annual Tax on Enveloped Dwellings (ATED) was introduced nearly 10 years ago. Before April 2022 though, the legislation will require important revaluations to be carried out. The ATED charge […]
10Nov
Lights, camera, action! Magma advises Film Logistics on management buyout
Magma Corporate Finance have acted as lead advisor on the management buyout (MBO) of Film Logistics Limited, a leading specialist in the provision of transport support to the film & […]
08Nov
Considerations after exiting your business
The transaction has been finalised and the business has been sold. With a large amount of cash now in your possession, what are your next steps? There are vast options […]
05Nov
Rental income under spotlight from HMRC
HMRC appear to be intensifying their efforts to clamp down on current or historic undeclared rental income, highlighting the need for individuals to bring their affairs up to date and […]
Memberships
Contact us
© 2021 Magma Chartered Accountants. Rugby, Milton Keynes and Cossington in Leicestershire