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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.

Recovery in exports, but uncertain outlook for post-Brexit UK, says survey

A recovery in UK exports reported in February by The Office of National Statistics (ONS) has been short-lived, according to a new survey. It comes as figures from Germany suggest post-Brexit trade between the two countries has dropped sharply. German-British Chamber of Industry and Commerce members cited logistical problems related to Brexit as the biggest

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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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Dividends V Salary: Making profits pay for your salary

We all want to keep more of our hard-earned money. For business owners, it can be a difficult balancing act to find the most tax-efficient way to get paid from the company’s profits. This is where the dividend versus salary debate comes into play, as the way in which we are paid can have a

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You might owe Capital Gains Tax on your property sale….

The rules around Capital Gains Tax and property sales are continually changing and many homeowners and their advisers may not be aware that they owe tax on the disposal of a property. Typically, when a main home is sold no CGT is due. However, in some circumstances, you may have to pay tax, at a

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