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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.

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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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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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Student finance: How can employers stay up to date?

Student finance appears to be an issue that regularly changes, meaning those in charge of payroll for businesses must adapt to keep up. The student finance system is in the limelight again, after being criticised by Nicholas Barr, a professor at the London School of Economics who advised Tony Blair’s government on student loan reform

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Construction subcontractors: All you need to know about payments

If you are a contractor working in the construction industry you are likely to rely on the services of subcontractors – but what rules do you need to consider when paying them? Contractors and other businesses who regularly use the services of subcontractor must keep track of their payments as work of subcontractors applies to

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PREPARING YOUR BUSINESS FOR SALE

By Michael Cantwell, head of corporate finance at RMT Accountants & Business Advisors Ltd The last two years have been the catalyst for change on a wide range of different fronts within the commercial world. Without the pandemic, there’s no way, for example, we would have seen remote and flexible working being such a common

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Expansion of the Trust Registration Service – What you need to know

From 1 September, changes to the rules regarding the Trust Registration Service (TRS) mean that more trusts will need to be registered with HM Revenue & Customs. The TRS was introduced five years ago to make the beneficial ownership of assets held in trust more transparent. While many trusts have had to sign up for

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Our top tips for hiring your first employee

There has been a surge in new company formations in the last few years, as entrepreneurs develop new and exciting business ideas and bring them to market. On top of this, there are a growing number of workers with ‘side hustles’, who are quickly scaling up their operations to deal with demand from their customers

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Working from home tax relief continues, but fewer employees likely to be eligible this year

HM Revenue & Customs (HMRC) has retained its online portal for claiming working from home tax relief for the 2022/23 tax year. But, while the rules and value of the relief remain unchanged, unless there are any further lockdowns this year far fewer people are likely to be able to claim. That is because only

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