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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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Inflation and interest rates – Are we due a revitalisation of saving?

The rate of inflation is expected to peak at around eight per cent this year, having already reached near-record levels of 6.2 per cent. With the cost-of-living crisis persisting, higher fuel costs and many retailers already suggesting that they intend to increase their prices further to deal with their own additional energy and employment costs,

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Looking to sell your business? Here are some things to think about

At some point, every business owner needs to move on from their business, whether to retire, to deal with a change in personal circumstances, to embark on a new project or for any number of other reasons. Equally, businesses can reach a stage in their growth where scaling up becomes increasingly difficult, as meeting the

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Overcoming the common barriers to protection

Throughout our lives we must meet important financial commitments, whether it is paying a mortgage, supporting school fees or building wealth for your family. However, life can throw curveballs at you, some more serious than others, which may affect your ability to meet these commitments or even manage day-to-day living costs. That is why everyone

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HMRC to launch new mandatory P87 expenses form

HM Revenue & Customs (HMRC) is to launch a new mandatory P87 form from 7 May to create a consistent standard for the P87s it receives. What is a P87 form? Workers and their agents can use a P87 form to claim tax relief on work expenses. The form can only be used to claim

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R&D Tax Credits – What is changing next year

Several important changes are happening to research and development (R&D) tax reliefs in April 2023, which could affect what income qualifies for R&D tax relief that businesses need to account for in their plans. These new measures are still being considered by Parliament, but details of the upcoming amendments to the R&D tax relief system

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How can you finance a new business?

Financing a new venture is a challenge, even harder in the current climate of high inflation, global uncertainty and the backdrop of war in Europe. Difficult, but not impossible. With planning, careful research and the right advice, you should be able to find the finance that is right for you. If traditional funding is difficult,

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Keeping a lid on business expenses

It is always a challenge to keep costs down for businesses, particularly at a time of soaring inflation and steep rises in the cost of utility bills. An expense report is designed to report on any business-related expenses an employee incurs, either by using a company credit card or by using their own funds. This might

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Don’t ignore the warning signs that you or a customer’s business is in trouble

You have worked long and hard to get your business up and running and have put your heart and soul into making it successful. The thought of losing it can be incredibly stressful, both for you and any employees who could lose their jobs. Equally, if you have a customer who owes you money, you

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Ferguson Takes Over As New R3 North East Chair

A Newcastle business finance expert has taken over as chair of the North East region of insolvency and restructuring trade body R3. Chris Ferguson is now responsible for leading R3 campaigns to highlight the benefits of accessing qualified advice from North East insolvency and restructuring professionals for both individuals and businesses with financial concerns, and

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