In a bid to ease the strain on economy, the Chancellor has followed through on his promise ‘to do whatever it takes’ to support the economy in a series of […]
We at Magma are here to support your business In what is proving to be a constantly evolving situation with COVID-19, we at Magma are staying informed on the financial […]
Yesterday, the Chancellor announced further support for businesses and individuals which could prove invaluable to those suffering from the economic impact of the global Coronavirus pandemic. Sunak’s bold measures […]
The dedicated HMRC helpline for businesses and self-employed individuals, who have concerns about paying their tax due to COVID-19, as promised at Budget 2020, is now in operation. Web link […]
Chancellor Rishi Sunak has delivered his first Budget with “Getting it done” the message the Government clearly wanted to get across. In this Spring Budget 2020 summary we provide some […]
Many workers who have been providing their services through an intermediary, such as a personal service company (PSC), may find that their company is no longer required. This may be […]
Recent research from mortgage lenders revealed that over half of all landlords do not use the services of a tax adviser. Lenders expressed concern that this could mean that ‘advisers […]
The use of Family Investment Companies (FIC) has come under investigation by a small ‘secret’ HMRC team known as the FICs Unit. The unit was launched in April 2019, with […]
A First Tier Tribunal (FTT) has found the work of veteran TV presenter Eamonn Holmes falls within IR35, with the judge deciding his contract with ITV’s This Morning programme amounted […]
A recent study has shown that UK small and medium size businesses spend more than a week a year chasing late customer payments, worth more than £50bn. Published figures indicate […]
