Magic Chartered Accountants Blog

Published on: 20 March, 2012 - 13:57
Author: laurence
Posted in : Accounts, Blog Directory, MAGIC News
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Tags: Budget 2012, Chancellor George Osbourne's Budget, March 21st 2012 Budget, Preview Budget 2012

Prior to tomorrow’s much talked about Budget we thought we would try and share some pearls of wisdom and predictions that are being discussed through various media channels. So what has the chancellor already said? He made the following comments over the weekend: “What you will see on Wednesday is.

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Published on: 14 December, 2011 - 14:59
Author: Carol H
Posted in : Accounts, MAGIC News
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Tags: April 2012 VAT filing, HMRC

HRMC have recently told us that  next year is the year of mandatory online VAT filing.   Effective from 1st April 2012, it will become compulsory for VAT registered UK businesses to file their VAT return and make VAT payments electronically.

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Published on: 30 November, 2011 - 15:49
Author: Carol H
Posted in : MAGIC News
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Tags: Awards, MAGIC Accountants, Practice News

If you were to cast your mind back to July this year we mentioned being super excited to have been entered into our very first awards with the AccountingWEB UK Practice Excellence Award.

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Published on: 29 November, 2011 - 18:48
Author: Carol H
Posted in : MAGIC News
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Tags: Autumn Statement, mini budget, SME's

Chancellor George Osborne has today reported some grim economic news with gloomy predictions for the UK economy. He announced growth would stutter to under 1% over the next 2 years, much lower than previously predicted and the risk remains of the UK again sliding into a double dip recession with.

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Published on: 4 October, 2011 - 12:20
Author: Carol H
Posted in : Business News, MAGIC News
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Tags: credit easing

The CBI and other business groups have urged Chancellor George Osborne to advance his proposals to encourage economic growth; this comes after his speech at the Conservative Party conference. In an attempt to get more money to small and medium-sized businesses, the Chancellor has put forward the idea of the.

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Published on: 27 September, 2011 - 11:59
Author: Carol H
Posted in : Accounts, MAGIC News
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Tags: paper tax returns

We blogged back in June warning our readers about hefty penalties as new rulings were introduced for late paper tax returns – summer flew by and the 31 October deadline is now just weeks away.  

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Published on: 12 September, 2011 - 15:54
Author: Carol H
Posted in : MAGIC News
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Today sees the much publicised release of the Independent Commission on Banking (ICB) report.   These unique proposals attempt to shield taxpayers from any further need to bail the banks out if there were to be any future banking crisis. 

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Published on: 8 September, 2011 - 15:23
Author: Carol H
Posted in : MAGIC News
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Tags: 50p income tax rate

A group of leading economists have urged Chancellor George Osborne to scrap the 50p income tax rate and quickly. The 50p tax rate was introduced as a ‘temporary measure’ in April 2010 by the then Labour Chancellor, Alistair Darling who said at the time the increase would “only affect the top one.

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