14Feb
Empty Dwelling Renovation
Contractors carrying out the renovation of dwellings that have been empty for two years or more can still apply the VAT reduced rate of 5%. Although this has been in […]
Blog
13Feb
Prosecuted for failing to provide a workplace pension
A bus company and its managing director will have to pay more than £60,000 after they admitted trying to avoid giving their staff workplace pensions. This is understood to be […]
09Feb
Record 10.7 million taxpayers filed tax returns before deadline
According to HMRC, a record 10.7 million taxpayers submitted their tax returns before the 31 January deadline; however, over 758,000 people cut it fine, leaving it to the last […]
06Feb
Penalties for late filed returns – are they valid?
Every year, shortly after the 31 January personal tax return filing deadline, the HMRC “late filing penalty” launch begins. Some are valid, many are not, but nearly all will now […]
05Feb
Amendments to Company Tax Returns following loss reform
Following the loss reform legislation included in Finance (No 2) Act 2017 which received Royal Assent in November 2017, some companies may now need to amend tax returns filed for […]
05Feb
Magma Corporate Finance ends 2017 on a high with fourth completion in quarter
Magma Corporate Finance are extremely pleased to have completed four deals in the last quarter of 2017, consisting of two trade sales, a private equity backed management buy-out and an […]
05Feb
Leicester office – one year on
Today marks the first anniversary of Clear & Lane becoming part of the Magma Group – time has really flown for the expanding team in Leicester. Managing Partner Mark Tuckwell […]
30Jan
Do you know the best way to pay yourself?
Something worth considering before the end of the tax year on 5 April 2018! Directors are able to pay themselves from their limited company in the form of salary or […]
24Jan
HMRC announce top excuses for missing the tax return deadline
‘My wife was seeing aliens and wouldn’t let me in the house’ has been reported by HM Revenue & Customs (HMRC) as being one of the worst tax return excuses […]
16Jan
Tax-Free childcare opens to children under 9
In April of last year HMRC started rolling our Tax-Free childcare, which helps working parents with the cost of childcare up to £2,000 per child per year, or £4,000 for […]
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