Blog | RMT Accountants and Business Advisors Newcastle

March 10, 2022

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

March 10, 2022

Are you making the most of super-deduction tax relief?

Businesses across the UK are already benefitting from the temporary tax relief offered by the super-deduction but many more could still be missing out on this vital support. The super-deduction scheme was introduced on 1 April 2021 and will run until 31 March 2023. It allows firms investing in qualifying plant and machinery assets to

February 18, 2022

UK Single Trade Window to save traders time and money in wake of Brexit

The Government is planning to build a central hub to “encompass everything traders do” to support businesses in the wake of Brexit. Known as the Single Trade Window, the digital service will allow international traders to input all of their import and export data in one place. Here’s what we know so far. What is

February 14, 2022

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

February 11, 2022

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 The new laws will make it easier to amend or repeal outdated “retained EU law” to support international growth.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

February 11, 2022

Brexit: have your say on the future of customs

The Government is calling on businesses, traders and the public to have their say on the future of customs. The call for evidence comes after the introduction of full customs controls in January this year, forcing thousands of traders to change the way they do business. Here’s how you can get involved. What is happening?

February 10, 2022

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,

February 3, 2022

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

February 3, 2022

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.