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Our News & Knowledge Centre

Explore insightful articles, tips, and industry updates from RMT. Stay informed on the latest trends, innovations, and best practices in accounting and business services.

The benefits of taking on an apprentice

With the current labour shortage affecting pretty much all areas of the economy, taking on an apprentice could reap rewards for many businesses. There are many reasons why hiring an apprentice can benefit your business, but for hard-pressed employers, with a limited budget, the financial incentives offered by the Government are a major reason to

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Survey shows taxpayers are still unprepared for Making Tax Digital switchover

A new survey on Making Tax Digital (MTD) shows taxpayers have an alarming lack of readiness and enthusiasm for the changeover and a lack of awareness that MTD for Income Tax begins in less than two years. HM Revenue & Customs (HMRC) commissioned pollsters Ipsos to undertake new research to explore the preparedness of Income

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Are you prepared for changes to the income tax basis?

Unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April each year from 2024/25. This is a significant change to taxation, which removes the basis period rules and prevents the creation of further overlap relief in a new system known as the

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USING EMPLOYEE SHARE SCHEMES TO AVOID IMPACTS OF ‘THE GREAT RESIGNATION’

By Rachel Warriner, head of corporate tax at RMT Accountants & Business Advisors Ltd A lot has been written over recent months about a post-pandemic workplace trend dubbed ‘The Great Resignation,’ which has seen a large proportion of the British workplace deciding that it’s time for a change. Industry research suggests that almost a third

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RMT Accountants’ Advice Helps Global Tech Consultancy Credera Bring 200 New Jobs To Newcastle

RMT Accountants & Business Advisors has worked closely with global technology and management consultancy Credera to help them choose Newcastle as the location for their UK expansion and implement plans to create 200 high-tech jobs in the North East. Credera has worked with the Gosforth-based firm to secure a £1 million Inward Investment Grant from

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USING DATA TO HELP KEEP PRIMARY CARE PRACTICES’ FINANCES HEALTHY

By Richard Humphreys, director of RMT Accountants & Business Advisors’ specialist healthcare division When it comes to making diagnoses, primary care practitioners are very much reliant on the data that patients provide to them and that they access through tests and procedures. In the same way, people like me in the professional services sector rely

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National Insurance Thresholds

Updated: February 2026 National Insurance Contributions (NICs) remain an important consideration for employers, employees and company directors. For the 2025/26 tax year, employer NIC costs in particular are a key area to watch, and it is worth checking that your understanding (and budgeting) reflects the latest rates and thresholds. Employees – when do NICs start?

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How hard-pressed SMEs can obtain business support

Small businesses are the lifeblood of the UK economy, but with rapid inflation and other economic headwinds making trade difficult, they can struggle to access support. There is a wide range of important tax reliefs available to SMEs, which could provide some much-needed financial assistance. These include: Employment Allowance claims This scheme allows eligible businesses

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Right to Work checks – What you need to know

All employers in the UK have a responsibility to stop illegal working, which means you must conduct the correct Right to Work checks. These checks should ensure that the person you employ is not disqualified from carrying out the work in question due to their immigration status. If you follow the Government’s guidance and Code

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