We are kicking off 2023 with a bang, continued growth meaning more new faces across all departments and offices. Already this year, we are delighted to welcome: If…

Following continued growth, Magma Chartered Accountants is delighted to announce that it has joined the Praxity Global Alliance, the world’s largest alliance of independent accounting and consulting firms.…

Most business owners are very aware of the upcoming corporation tax hike. From 1 April 2023, corporation tax will increase from 19% to 25%, with the nearly one third…

As of the turn of the year, according to HMRC, around 47% of people were yet to file their 2021/22 self-assessment tax returns.  That’s around 5.7 million of…

EOTs are becoming an increasingly popular exit route for business owners, with the lucrative tax breaks high on the list of attractions. A sale to an EOT allows…

Whether it be parents supporting their children in securing a first mortgage, or adult children helping with financing of a house move for elder relatives, there are a…

Despite established legislation, many people remain unaware of the tax intricacies around the striking-off, or liquidation, of a company. An informal or voluntary strike-off (simple & cheap, therefore…

Advances of salary will be able to be reported via PAYE real time information (RTI) as part of regular earnings rather than when advances are paid. Financial struggles…

For private company owners fortunate to have a degree of choice as to how to pay themselves, at higher marginal tax rates in particular, dividends have held a…