With careful planning, family wealth created by one generation can be protected and grown for future generations to thrive. Where is your wealth held? An important aspect of wealth planning […]
The Government’s Coronavirus Job Retention Scheme (CJRS) scheme ended at the end of September. HMRC’s attention will now turn to reviewing the accuracy of the claims made. It has been […]
Despite speculation earlier in the year that it may not take place, the Chancellor is set to deliver his Autumn Budget on 27 October. What can we expect? In a […]
Magma Corporate Finance have been shortlisted in the SME Advisory Team of the Year and Deal of the Year categories. The shortlists for Insider’s Midlands Dealmakers Awards – which recognise […]
Magma Chartered Accountants are pleased to announce eight promotions across its Audit, Tax and Corporate Finance divisions. There have been five promotions within Magma’s Tax division, including Cornelia Petha promoted […]
A one-off ‘wealth tax’ has been discussed as a potential method to raise significant revenue in the UK, but would it be practical? A Wealth Tax Commission (WTC) was introduced […]
Investigation and compliance work from HMRC saved £4bn in taxes from being lost in the last quarter, nearly double the £2.2bn for the same period last year. HMRC’s ability to […]
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 […]
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 […]
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. […]
