Skip to content

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.

wavey lines

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 The new laws will make it easier to amend or repeal outdated “retained EU law” to support international growth.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

Read more
wavey lines

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,

Read more
wavey lines

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

Read more
wavey lines

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.

Read more
wavey lines

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

Read more
wavey lines

Top tax tips to help your business save money

Whether you are setting up a new business, or already have a successful, well-established company, there are many ways that you can save money through tax reliefs and allowances. Certain tax initiatives even allow business owners to save money that can be invested in their company. Enhanced Capital Allowance (ECA) Enhanced Capital Allowance (ECA) schemes

Read more
wavey lines

Brexit: UK launches “world-leading” data council to help seize global data sharing opportunities

The world’s biggest businesses – including Google, Mastercard, and Microsoft – will come together for the first time this week to help Britain “seize the opportunities of better global data sharing” now that it has left the EU. The announcement comes after the European Commission formally agreed to recognise Britain’s high levels of data protection

Read more
wavey lines

New guidance to help businesses navigate VAT second-hand margin scheme

New guidance will help businesses navigate the VAT second-hand margin scheme, HM Revenue & Customs (HMRC) has said. The tax authority replaced VAT notices 718, 718/1, and 718/2 with 12 new guides earlier this month. VAT margin schemes tax the difference between what you paid for an item and what you sold it for, rather

Read more
wavey lines

Claim up to £5,000 towards the cost of cloud accounting software under new Help to Grow: Digital scheme

Small businesses could get up to £5,000 to pay for cloud accounting software under the Help to Grow: Digital scheme, it has been announced. The initiative – which forms part of the Government’s flagship support programme for small businesses – launched on 20 January 2022. Here’s what you need to know. What is the Help

Read more