Blog: General

From January 2026, important updates are being introduced to FRS 102, the main accounting standard used by thousands of UK businesses. These changes aim to make financial reporting clearer, more consistent and more reflective of how modern businesses operate. While the updates may sound technical, their impact will be very real, affecting how revenue is

Key announcements from the Autumn Budget
– High-Value Property Surcharge: Properties over £2m face a new surcharge and higher property income tax from 2027–2028.

With the Autumn Budget taking place on Wednesday 26 November 2025, businesses and individuals alike are starting to look ahead at what could be one of the most defining financial moments in recent years. Against a backdrop of slow growth, easing inflation, and a fiscal shortfall estimated at tens of billions of pounds, the Chancellor

RMT Accountants & Business Advisors has appointed experienced deals adviser Michael McCulloch as its new head of corporate finance.

Although the Spring Statement is not intended to be a major fiscal event like the Budget, the Chancellor did announce some new measures. These included: Apprenticeship Levy, Local Full Fibre Networks, Borderlands Growth Deal and National Living Wage.

RMT Accountants & Business Advisors has further strengthened its senior leadership team with the promotion of Chris Brown to director within its specialist healthcare division, which offers specialist accounting for healthcare professionals.

Stephen Slater is set to become the new managing director of RMT Accountants & Business Advisors as the Gosforth-based firm works towards implementing the next stages of its growth strategy as part of the Sumer Group.

Rachel Reeves delivered her first Budget as Chancellor of the Exchequer on 30 October 2024. The Budget aims to deal with the £22 billion ‘black hole’ in public finances whilst restoring stability and rebuilding public services.