15Oct
Magma strengthens tax team
Magma Chartered Accountants has announced a new Partner promotion, as well as 3 new recruits, within its very highly reputed tax team. Michelle Andrews becomes the firm’s 5th Tax Partner. […]
Blog
13Oct
HMRC receives letting data from Airbnb
Landlords need to be aware that HMRC will know about their lettings through Airbnb, so should make a full disclosure if they have undeclared Airbnb income. HMRC has for some […]
28Sep
“If at first you don’t succeed………”
“If at first you don’t succeed, try and try again!” – one of those great motivational quotes, never more appropriate than when dealing with HMRC. Over the years, across our […]
25Sep
Chancellor Rishi Sunak unveils further measures to support businesses
Chancellor Rishi Sunak has announced further measures to support businesses covering three main areas: The new Job Support Scheme means that for six months from 1 November the Government will […]
01Sep
Stamp Duty Reliefs – little things can made a big difference
With the higher end UK residential property market beginning to fizz again, don’t forget Stamp Duty nuances! There are a range of statutory reliefs from Stamp Duty Land Tax (SDLT), which […]
27Aug
Accelerated loss relief for companies adversely impacted by Covid-19
The Covid-19 outbreak has had a huge impact on the economy, and in many cases has caused business owners to fall into a loss position. As a result, HMRC have […]
18Aug
Changes to the Coronavirus Job Retention Scheme (CJRS) from the 1st September
Just to remind you that from 1 September the CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do […]
04Aug
Applications open for second phase of self-employed income support
The second and final round of grants under the self-employed income support scheme (SEISS) open this month, offering a smaller lump sum grant. From 17 August 2020, self-employed individuals who […]
24Jul
Reminder regarding July payment on account
Income tax self assessment second payments on account are usually due by the 31 July 2020. HM Revenue & Customs are, however, allowing taxpayers to defer making their second payment […]
24Jul
Treasury launches in-depth review of Capital Gains Tax (CGT)
HM Treasury’s Office of Tax Simplification (OTS) has been instructed to carry out a review of capital gains tax (CGT) to identify simplification opportunities, and “ensure the system is fit […]
Memberships
Contact us
© 2021 Magma Chartered Accountants. Rugby, Milton Keynes and Cossington in Leicestershire