Unlike the last few, yesterday’s Budget proved quite eventful for private businesses and successful individuals. Magma’s review is focused on those impacts. To read more, click here
A couple of weeks ago, Britain’s next biggest firms of accountants, behind the “Big Four”, met with competition regulators to discuss limiting the Big Four’s dominance of the plc Audit market. Amongst the proposals tabled were to limit how many FTSE350 company audits the ‘big four’ should be allowed to conduct. Officials from the ‘prize-chasing’ […]
Making Tax Digital is a seriously hot topic with changes coming in from April 2019. VAT-registered businesses with turnover above £85,000 must maintain a digital record of the VAT transactions and submit their VAT returns using MTD-compliant software. This will be a huge change for a considerable number of businesses, particularly those who still keep […]
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 commented: “The Leicester team have been fantastic, becoming part of an amazing wider team with an outstanding work ethic, suite of expertise and client service […]
As always, this Budget speech was a dry affair, with macro-economic statistics, policy spending and crystal ball forecasting in high order. Magma’s Budget review concentrates on its impact for private businesses and successful individuals … making it actually relevant! Please click here to read our Autumn Budget 2017 summary.
Philip Hammond has delivered his first, and last, Autumn Statement, which included revised forecasts for the UK economy, new Government commitments on deficit and debt reduction, spending commitments on infrastructure, and details of a relatively small number, but important, new tax measures. Please click here to read our Autumn Statement 2016 summary.
From 1 April 2016 all ATOL holders are required to use a registered ATOL Reporting Accountant to sign off the Accountants Report. The CAA (Civil Aviation Authority) has developed the ATOL Reporting Accountants’ scheme to help improve the standard of ATOL reporting and to provide assurance that any financial information submitted to them is accurate. […]