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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 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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Right to work: Government to launch virtual identification scheme to support employers

A new digital identity scheme will help employers carry out right to work checks, it has been announced. The Department for Digital, Culture, Media & Sport said new employees will be able to prove their identity using digital methods “easily and quickly” instead of having to rely on traditional physical documents. Known as “digital identities”,

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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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Brexit: UK exports to single market fall amid “unstable” trading environment

UK exports to the European Union have fallen by almost £20 billion since leaving the single market in 2021, a major study has revealed. The figures, published by the Office for National Statistics (ONS), come after research revealed that half of traders are “not confident” in exporting internationally since the introduction of full customs controls.

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International trade: UK moves into second and final phase of accession to join CPTPP

The UK has moved into the second and final phase of accession to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it has been announced. Membership will give British businesses unlimited access to a global market worth £8.4 trillion each year. Here’s what you need to know. What is the Comprehensive and Progressive

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How would an Online Sales Tax affect your business?

The UK Government is set to assess whether to introduce an Online Sales Tax (OST) as a solution to the tax imbalance in the retail sector. Why is there a tax imbalance? Throughout the pandemic, the retail sector was heavily impacted by lockdowns and lack of confidence reducing footfall. Consequently, consumers opted to shop online

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Company tax returns must include COVID-19 grants says HMRC

Taxpayers are being reminded that COVID-19 support grants or payments should be declared on company tax returns as they are taxable. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is 12 months after the end of the accounting period it covers. The deadline to pay

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