20Mar
COVID-19 Government Financial Support
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 […]
Blog
18Mar
The Chancellor’s COVID-19 response
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 […]
18Mar
COVID-19 and time to pay HMRC
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 […]
12Mar
Spring Budget 2020
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 […]
09Mar
Winding up your personal service company
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 […]
05Mar
Majority of landlords don’t use a tax adviser
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 […]
03Mar
Tax crackdown on high-net worth individuals and families
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 […]
27Feb
TV presenter Eamonn Holmes loses IR35 appeal
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 […]
24Feb
The impact of late payments on SMEs
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 […]
21Feb
Do you want to be a business owner? An MBO could be the answer
If you are one of the 60% of adults in the UK who has ambitions of being a business owner, a management buy-out (MBO) could represent an attractive option for […]
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