More recent posts
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Magma Corporate Finance advises on sale of Seaton Partners
Magma Corporate Finance is pleased to have advised on the sale of technology consultancy Seaton Partners to Big Four accountancy firm, EY. Seaton Partners has one office in…
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UK partners and sole traders face higher tax bills in 2022
Following government proposals to shift the date when certain businesses disclose their income, over half a million partners and sole traders may face higher tax bills than expected…
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Over-55s failing to check IHT implications
Despite many believing their estates will exceed the threshold, nearly a third of over-55s are yet to check how Inheritance Tax (IHT) could impact them. Research conducted by…
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HMRC tax avoidance unit shut down
Following no evidence of a correlation between the use of family investment companies (FICs) and non-compliant behaviour, the specialist HMRC unit has been disbanded. HMRC began to recognise…
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Adding robustness to your R&D claim
HMRC has stepped up their scrutiny for Research & Development (R&D) tax reliefs by recruiting 100 new inspectors, highlighting the importance for businesses to put together a robust…
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HMRC looks to address clearance issues
HMRC is liaising with tax professionals over clearance changes concerns, such as missed deadlines and misunderstandings of the commercial drivers for business transactions. Applying for statutory clearance in…
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Tax changes announced for self-employed and small businesses
The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed…
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Was the stamp duty holiday worthwhile?
140,000 “extra” transactions have been generated in the UK from the stamp duty holiday, but who really benefits? According to a report from the London School of Economics…
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Succession planning: no time like the present
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If…