06Jul
Extra cash reserves in the bank? What to consider…
If your business is in the enviable position of having strong cash reserves in the bank, it is important to consider the commercial and tax implications of this extra cash. […]
Blog
05Jul
1.8 million properties pushed into higher land tax bracket
Due to frenzied market activity in the last 12 months, driven partly by the stamp duty holiday, nearly two million UK houses are now in the higher stamp duty bracket […]
02Jul
Succession planning – the benefits of an EOT
Employee Ownership Trusts (EOTs) offers an attractive form of succession strategy that could suit your business needs more than a management buyout or traditional trade sale. What is an EOT? […]
01Jul
HMRC cracking down on furlough fraud
HMRC is looking into nearly 13,000 potential cases of abuse of the government’s various Covid support schemes. By the end of March, it has been reported the treasury was investigating […]
25Jun
When should you split your property from your business?
There are several potential reasons to separate commercial premises’ ownership from the business; including safeguarding assets, future succession ambitions, or even to enhance cashflow. Whatever the reason, tax will always […]
23Jun
The dreaded COP9 letter
The furlough scheme has been an invaluable crutch for businesses across the UK, but a substantial number of hurried claims may lead to an eruption of COP9 notifications. What is […]
22Jun
The tax impact of a divorce
The legalities surrounding divorce will soon be subject to modernisation, with an era of ‘no-fault divorce’ set to begin in Spring 2022. The related tax issues are likely to remain […]
21Jun
Planning a management buy-out
A management buy-out (MBO) offers a strategic exit option that may suit the requirements of the business owner, management team and the business itself. What is an MBO? When looking […]
17Jun
Is IHT en route for major reform?
With a sense that inheritance tax (IHT) reform is overdue, combined with a need to raise funds to alleviate the costs of the pandemic, plans for significant changes to IHT […]
16Jun
Applications for fifth SEISS grant opens late July
The fifth Self-Employment Income Support Scheme (SEISS) grant covering the period May 2021 to September 2021 will open to claims from late July. To qualify for the grant you must; […]
Memberships
Contact us
© 2022 Magma Chartered Accountants