Latest posts
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Spring Budget 2024: What can we expect to see?
Jeremy Hunt’s Spring Budget 2024 is just over a week away, and there is already speculation about what could be announced. The Budget is the final opportunity for…
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Autumn Statement 2023 – Summary
In this summary we provide some details of the tax changes that have been announced that will be of interest to owner managed businesses, entrepreneurs and private clients.
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Begin your Audit Adventure with Magma
If you are interested in a career in audit and are excited about working with successful privately-owned businesses from a broad range of industries, then Magma is the…
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Audit & Assurance – under the spotlight
You’ve been getting to know our people, so now it’s time to know our services! Audit & Assurance – what we do Basically, we get under the financial…
Recent posts
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Jeremy Hunt axes mini-budget tax cuts
Chancellor Jeremy Hunt has announced the government will axe almost all the tax cuts…
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Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to…
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Does the audit reform go far enough?
The government’s long-awaited response to the consultation to shake up the audit sector outlines…
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Spring Statement 2022 Summary
Chancellor Rishi Sunak has delivered his Spring Statement against a backdrop of rising fuel,…
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Is your auditor on another planet (… or at least hoping to be)?
Backed by the Financial Reporting Council’s (FRC) stated policy to increase competition across the…
More recent posts
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Autumn Budget 2021: At a glance
Chancellor Rishi Sunak has delivered the Autumn Budget 2021. In this summary we provide some details of the tax changes announced that will be of interest to owner-managed…
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Watchdogs criticise HMRC performance
Both the Institute for Chartered Accountants (ICAEW) and the Association for Chartered Certified Accountants (ACCA) believe HMRC need to address “poor service levels”. The news comes from a…
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Promotions galore for Magma!
Magma Chartered Accountants are delighted to announce seven new promotions across its Audit, Business Services and Tax divisions. George Wake and George Newton, in Magma’s Audit & Accounts…
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Making Tax Digital: Phase 2 is Coming
What is it? Phase 2 of HMRC’s Making Tax Digital (MTD) programme will soon be with us. The initiative is fundamentally changing UK tax reporting systems and processes…
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Business Interruption Loan Scheme – Amended
The Government has announced amendments to the Coronavirus Business Interruption Loan Scheme (CBILS) after claims that banks were forcing companies to provide personal guarantees, and is adding an…
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COVID-19 – a simple summary of the help available to you
We have a great deal of experience in assisting clients in securing funding, and are currently working hard to help businesses to access the various Government schemes. Please…
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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…
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What happened to the Budget?
The annual Budget Statement is usually a big event in our world, but 2019 will be the year without a Budget! Last month we were advised that the…
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High internal fraud levels in the UK
Have you considered your business’s fraud risks? Companies in the UK are more likely to experience internal fraud than the global average. Within the last 12 months 38%…