12Dec
HMRC’s latest ‘no deal’ Brexit advice
HMRC has issued advice on customs, excise and VAT if the UK leaves the EU without a deal on 29 March. Aimed at VAT-registered businesses that trade with the EU, […]
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06Dec
Taxpayers treated unfairly by HMRC
A recent report by the House of Lords Economic Affairs Committee warned that the increased powers given to HMRC to tackle tax avoidance and evasion are undermining the rule of […]
27Nov
A nice problem to have – Surplus Cash
All successful companies want to generate profits and surplus cash reserves. While a business is growing, spare cash is commonly reinvested into the working capital but for more established businesses, […]
21Nov
Magma – 7 years on
Where did the last 7 years go? Born from a management buy-out in November 2011, Magma Chartered Accountants is 7 years old this week. We wanted to highlight our 7 […]
14Nov
Benefit your staff at Christmas NOT the Taxman!
With Christmas approaching more and more employers are offering Christmas gifts to their employees. Showing your appreciation of your staff’s efforts by gifts and benefits is good for morale. However, […]
06Nov
Recent Land and Property Tax Work
Tax impacts land and property owners in a multitude of ways. From Stamp Duty Land Tax on purchase, to tax on sale or death (…whichever comes first!) We have a […]
06Nov
Tax relief for grassroots sports
Did you know there is a package of tax reliefs introduced to encourage investment in sport? CTA10/PART6A extends the circumstances in which contributions to grassroots sports can be deducted from […]
30Oct
Budget 2018
Unlike the last few, yesterday’s Budget proved quite eventful for private businesses and successful individuals. Magma’s review is focused on those impacts. To read more, click here
23Oct
Taxman cracks down on football
According to official figures, since 2015, HMRC has clawed back more than £332m in tax in a crackdown on football. At this time HMRC has open ‘enquiries’ into 171 players, […]
11Oct
Making Tax Digital – Software Review
From 1 April 2019 Making Tax Digital (MTD) will be compulsory for VAT-registered businesses with a turnover above the current VAT registration threshold of £85,000. Under the scheme, all businesses […]
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