More recent posts
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Maximise your business’ value before your exit
Deciding when to sell your business can be a complicated challenge. It is important to consider how holding off in the short term can lead to stronger opportunities…
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R&D advisers – what separates the wheat from the chaff?
HMRC are increasing their scrutiny of R&D claims. It is now more important than ever to work with an R&D adviser who knows their stuff. HMRC’s investment in…
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Safeguarding your shareholders
The very foundations of a business can be shaken in the event of a business owner’s death, with a number of implications for both the stability and viability…
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October promotions at Magma
Magma Chartered Accountants are pleased to announce five promotions across its Audit & Accounts and Tax teams. Jack Stewardson (Manager), David Singer (Assistant Manager) and Peter Cumiskay (Senior)…
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Key announcements from Mini-Budget
Chancellor of the Exchequer Kwasi Kwarteng has delivered a range of sweeping reforms to taxation in a statement which was billed as a “Mini-Budget” but which delivered £45…
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HMRC enquiries on the rise
Following the pandemic, HMRC are now focusing their efforts on VAT, Corporation Tax and Income Tax enquiries. The last two years has seen HMRC prioritise those abusing the…
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Reduced VAT rate available for property conversions
Applying 5% rather than 20% VAT can dramatically reduce the construction budget for a range of residential conversion and renovation projects. The conversion of a non-residential building into…
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Does HMRC need to redefine family taxation?
The tax position for cohabiting couples is vastly inferior to their married equivalents. Is this now an outdated policy that needs reassessment? A recent study from the Office…
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Magma offers electric car benefit scheme for senior employees
Magma has simultaneously enhanced its environmental sustainability and leading staff benefits’ package to employees, as it launches a tax-efficient electric car salary sacrifice scheme. All staff of Manager…