Tax
We undertake all tax compliance work and provide innovative tax planning advice to clients. We have a breadth of experience in many sectors and in all types of business structures, including: large corporates, groups, start-ups, partnerships and sole traders.
OUR SERVICES
Corporate Tax Compliance
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Our dedicated team can handle all tax returns and compliance matters, including: preparing and submission of returns, claims for allowances and reliefs, payment advice and advice on tax planning opportunities.
Partnership Tax Compliance
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Our dedicated team can handle all tax returns and compliance matters, including: preparing and submission of returns, claims for allowances and reliefs, payment advice and advice on tax planning opportunities.
Tax Investigations
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We assist clients with tax investigations across all taxes, including: corporation tax, partnerships, capital gains tax, inheritance tax, VAT, stamp duty land tax and PAYE/NIC.
VAT
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We offer VAT advice to owner managed businesses to ensure compliance with complex rules, to identify opportunities for repayments, support on transactions, and advice on VAT schemes and registrations.
Business Structures
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Whether you are an independent business, incorporated or unincorporated, part of a group or a joint venture, the tax you and your business incurs can be dramatically reduced by adopting the best business structure.
Profit Extraction
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We work closely with clients to ensure they extract profits from the business in the most tax efficient way, covering the full range of solutions through to complex and bespoke innovative planning ideas.
R&D / Patent Box
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We work with many innovative businesses and advise on research and development (R&D) tax reliefs, patent box and other creative tax reliefs available to such businesses.
Share Schemes
We have significant experience in advising on and implementing employee share schemes to help businesses attract and retain key people, including: the Enterprise Management Incentive (EMI) scheme, Employee Shareholder Status (ESS) and Company Share Option Plans (CSOP).
EIS / SEIS
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We have significant expertise in advising companies raising equity investment and investors acquiring shares in companies on the use of the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).
Property Taxes
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We advise many clients on property taxes and planning opportunities relevant to commercial and residential property, including in the areas of: ownership structures, corporation tax, VAT, capital gains tax, stamp duty land tax and capital allowances.
International Tax
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We have the experience, knowledge and contacts to provide international and cross border tax advice to UK and overseas groups, subsidiaries and branches and inward and outward investors.
Transaction Services
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We offer a range of tax services to meet the requirements of any transaction, including: tax structuring, tax clearances and tax due diligence.
OUR TEAM
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PartnerAndrew is a Chartered Tax Adviser and Chartered Accountant with over 20 years' experience in advising owner managed businesses on their tax affairs. Prior to heading up our Corporate and Business Tax services, Andrew spent a decade within the corporate tax teams of KPMG and PwC. Having been a member of both the HMRC Working Together Committee at national level and the ACCA's Global Tax Forum, but is now fully devoted to clients' affairs. Areas of his expertise include: company restructuring, transactional work, profit extraction, HMRC investigations, share schemes, R&D tax credits, capital allowances, stamp taxes and VAT. Away from the office, Andrew’s main interests are sporting in nature. He is willing to give any sport a go (with varying degrees of success) and is always ready to take on visitors to the office at table tennis! Andrew resides in Ashby de La Zouch with his wife and daughter.
PartnerDavid is an experienced private client tax and wealth adviser to high net worth individuals, families, entrepreneurs and business owners. David’s qualifications include: Chartered Tax Adviser, STEP Diploma in Trusts and Estates, Certificate in Probate and Estate Administration and Diploma in Financial Planning. Areas of expertise include: Tax Compliance, Inheritance Tax, Wills and Trusts, Probate and Estate Administration, Capital Gains Tax, Property Taxes, Residence and Domicile, Enterprise Investment Scheme and Wealth Management. Away from the office David spends time with his young family and playing and following various sports; golf and football in particular.
PartnerDavid is a Chartered Tax Adviser who joined Magma in 2014. David's career includes senior roles at a leading UK tax boutique and one of the "Magic Circle" law firms. David has 14 years expertise in advising business owners and high net worth individuals on a wide range of areas including Income Tax and Capital Gains Tax planning, Inheritance Tax and Succession, Property Taxes, Partnership Tax and Residence, Domicile and International matters. David also holds the Diploma in Financial Planning and works closely with colleagues at Magma Wealth Management to provide a complete tax and financial planning service. Away from the office David enjoys mainly sporting activities including shooting, (watching) rugby and golf.
PartnerJon has over 14 years’ experience in advising businesses and their owners on their tax affairs including restructuring, corporate acquisitions and disposals and employee incentivisation. Jon is a Chartered Accountant and Chartered Tax Adviser and is able to explain tax issues in a concise and easy to understand way while always considering the wider commercial impact of any planning undertaken. Prior to joining Magma Jon spent six years in the Leicester office of a top ten firm advising entrepreneurial owner managed businesses on all tax issues. Outside of work, Jon enjoys travel and photography and spending time with his family.
Senior Tax ManagerSarah is a Chartered Accountant, with 20 years experience in Private Client Tax. Sarah’s career includes time with Ernst & Young and as a Senior Tax Consultant, leading Estate Planning services, at a leading mid size UK accountancy group.
Senior Tax ManagerMichelle joined Magma in 2014 from Ernst & Young, where she spent over nine years in the corporate tax team. She is a Chartered Accountant and during her career she has worked with small companies through to major listed companies. Michelle has strong technical knowledge in all areas of Corporate and Business Tax, with experience including International Tax, company reconstructions and reorganisations, transactional work and research incentives. Michelle focuses on adding value to her clients within the area of tax, helping them to achieve their business objectives. Prior to her time in accounting Michelle studied Biochemistry and Chemistry at the University of Birmingham. Away from the office Michelle has three young sons, who keep her occupied most of the time!
Senior Tax ManagerSara joined Magma as a Senior Tax Manager from Saffrey Champness, where she was part of their London Private Wealth and Estates team. Sara has over 20 years' experience advising wealthy individuals and families, family companies, partnerships, landed estates, non-UK resident and/or domiciled individuals, and trusts (UK and offshore).
Tax ManagerAndy has over 20 years mixed tax experience advising companies, partnerships and individuals on a broad range of direct and indirect taxation issues. Andy now heads up Magma's tax compliance and reporting function, ensuring that deadlines are met alongside the identification of tax saving opportunities. Andy also plays an important role in answering the metaphorically unwelcome "knock at the door", handling HMRC Enquiries and dispute on clients' behalves. Outside of work, Andy has an interest in architecture, visiting art galleries and museums, and a general viewer of many sports.
Tax ManagerVictoria is a Chartered Tax Adviser who joined Magma in 2011 as a trainee. She has quickly progressed through the ranks becoming a Manager in the tax team within just five years and has built up a great deal of experience in the OMB sector. Victoria is a highly personable company tax specialist, advising on a whole range of private business tax issues, developing a particular interest and specialism in Research and Development tax relief claims. Not able to fully let go of her high pedigree sporting background (....her “I almost made it as..." claim being that of a 400m runner!), she was the ladies winner of Magma’s inaugural 11 Sport Challenge but was forced to give up the title in the second year to young pretenders and suspicious circumstances.
AssociateFollowing an initial period working for the Inland Revenue, Jim joined the tax department of BDO Binder Hamlyn’s Newcastle Upon Tyne office. He joined Clear & Lane as a Tax Manager in 1986, and was appointed Tax Partner in August 1993.For more information on our services and how we can help you or your business please contact us.
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