In the midst of election manifestos and fiscal policy debate, the Institute of Fiscal Studies (IFS) has released an interesting statistic – the top 1% of income tax payers in […]
Where did the last 8 years go? Born from a management buy-out in November 2011, we are pleased to be celebrating 8 years this week. We wanted to highlight our […]
With the holiday season approaching, do you know what you can deduct for business entertaining? Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are […]
The deadline for filing the self-assessment tax return for 2018/19 is 31 January 2020. This is also the date by which any outstanding tax for 2018/19 must be paid, when […]
With Christmas approaching employers are giving consideration to offering Christmas gifts to their employees. Showing your appreciation of your staff’s efforts by gifts and benefits is good for morale. However, […]
From April 2020, the holiday pay reference period will be lengthened from 12 to 52 weeks. The new regulations, which take effect from April 2020, will ensure anyone in seasonal […]
Magma Corporate Finance has successfully advised on the buyout of World of Marble, a leading Nottingham based supplier, fabricator and installer of marble, granite and composite surfaces. The transaction facilitates […]
Magma are delighted to announce that Pam Keogh has returned to their Rugby office as Senior Manager within the Corporate Tax team. Pam a Grant Thornton-trained Chartered Tax Adviser has […]
Sometimes it can make sense financially for directors of privately owned businesses to borrow money from the company rather than from a commercial lender. Depending on when in the financial […]
The annual Budget Statement is usually a big event in our world, but 2019 will be the year without a Budget! Last month we were advised that the Chancellor of […]
