More recent posts
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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%…
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Magma strengthens Audit team
Magma are pleased to announce that Matt Norris has joined their Rugby office as Manager within the Audit team. Matt, a Chartered Accountant, brings with him significant experience,…
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Budget 2018
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
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Rabbits in the headlights ….
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…
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How will Making Tax Digital affect you?
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…
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Autumn Budget 2017 – the review for private businesses
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…
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Autumn Statement 2016
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…
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ATOL Reporting Accountants – New Rules
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…
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Budget 2016
George Osborne’s 2016 Budget was delivered with the now familiar undertones of stability, sustainability and long term prosperity. Headlined as the “Budget for the next generation”, private businesses…