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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.

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 are changing – Are you ready?

From 6 July 2022, the Primary Threshold (PT) for National insurance will increase to £12,570. This is the threshold at which employees begin paying National Insurance contributions (NICs). This will bring the rate in line with the current rate of personal allowances for income tax and means those earning below this amount each year will

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Managing costs to offset spiralling inflation – Our top tips for cutting your bills

A leading business organisation has highlighted the problems faced by industry after new figures show a steep rise in business costs. According to figures from the Office for National Statistics (ONS), producer input price inflation stands at a record-high 18.6 per cent, and the consumer prices index at nine per cent and could go higher. It says the disparity

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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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What is the Construction Industry Scheme?

If you are a contractor, the Construction Industry Scheme (CIS) is something that you will need to familiarise yourself with to avoid falling behind and facing penalties. The Construction Industry Scheme (CIS) is a form of business tax that is applied to contracted work within the construction industry. What do contractors need to do? Ahead

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GETTING YOUR BUSINESS ‘INVESTMENT READY’

By Michael Cantwell, Head of Corporate Finance at RMT Accountants & Business Advisors Earlier this month, the North East Fund announced that, in the four years since it was launched, it has raised more than £220m for over 350 regional businesses and helped them to create 1,500 jobs in the process. On top of this,

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More families claiming for overpaid inheritance tax

A growing number of families across the UK have put in claims for overpaid inheritance tax. Figures from a new survey show families made nearly 32,000 tax reclaims in the past six years. The reclaims figure was obtained in a freedom of information request to HMRC years, by financial advisers NFU Mutual. Sean McCann, chartered

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How can your employees recognise scam emails?

Unfortunately, fraudulent emails are something that we are all likely to come across at some point. In fact, the methods that fraudsters are using to target people have seen a substantial increase in recent years. It is important to be aware that your business could fall victim to a scam, with the potential of scammers

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