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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.

How to make the most of cloud-based accounting software

The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners. The beauty of cloud accounting is that the software can be accessed anywhere that has an internet connection on a range of devices. Good accounting software

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Cash flow statements – How to avoid errors that damage your business

A cash flow statement provides data about all cash inflows a company receives from its operations and investments. It tells you how much cash is entering and leaving your business in any given period. Along with balance sheets and income statements, it is vital for managing your small business accounting and making sure you have

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Retain key staff with salary sacrifice schemes

While the national job vacancy boom is good news for job seekers, it could be a nightmare for businesses keen on retaining high-quality staff. While a pay rise is always welcome it may not always be the most tax or National Insurance efficient approach when compared with other benefits, including salary sacrifice, that could be

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Benefits of cloud accounting software far outweigh costs, study reveals

Cloud accounting software adopters are more likely to experience the benefits of Making Tax Digital (MTD) for VAT than those using only bridging software, a new study has revealed. The research, published by HM Revenue & Customs (HMRC), comes ahead of the extended rollout of the new digital tax regime. The survey of small businesses

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Brexit Freedoms Bill to be brought forward

The Brexit Freedoms Bill will be brought forward to “cut red tape” and improve trading conditions for British businesses, it has been announced. The new laws will make it easier to amend or repeal outdated “retained EU law” to support international growth. Here’s everything we know about the Bill so far. What is the Brexit

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Charity funding still available through Local Action Fund: how to apply

Charities and community groups have been “urged” to apply for match funding after it was revealed that hundreds of thousands of pounds is still available through the Local Action Fund. The scheme – launched by the National Emergencies Trust (NET) with Crowdfunder – matches donations pound for pound up to £10,000. According to the group,

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RMT TECHNOLOGY GOING FOR GROWTH

The specialist technology sister company of RMT Accountants & Business Advisors is going for growth in 2022 after capitalising on increasing demand for its services over the last two years. Led by directors Paul Holborow and Mike Hayes, RMT Technology has worked primarily with SMEs across the North East but is increasingly helping clients in

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Can you avoid the P11D process?

Every year employers across the UK submit an end-of-year report to HM Revenue & Customs (HMRC) outlining the benefits provided to each employee and director, which were not included in their wages.    This report is sent using the P11D form, which must be submitted by 6 July following the end of the tax year.

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Most popular options available when setting up a new business

It’s a new year and many people who may have lost their jobs during the pandemic or have decided to take their life in a new direction, will be looking to start up a business. It could be a full-time endeavour or a part-time business looking to make a bit of extra income to cope

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