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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.

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PAYE Settlement Agreement can save time and costs

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you

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Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of

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Automatic enrolment: new rules to protect savers from unfair fees

New rules will eliminate charges on small workplace pension pots from next year, the Government has announced. The Department for Work and Pensions (DWP) said the move will benefit hundreds of thousands of savers. According to the report, new regulations will introduce a threshold – known as de minimis – at which automatic enrolment pension

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Cryptoassets and Capital Gains Tax: What You Need to Know

Traders who have sold or exchanged cryptocurrency may be required to pay Capital Gains Tax (CGT), HM Revenue & Customs (HMRC) has warned. It comes after the tax authority wrote to holders of cryptoassets, such as Bitcoin, reminding them of their legal obligations. According to the letter, you must pay CGT if your total gains

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How Can UK Export Finance Help my Business Trade Overseas?

With a mission to “ensure that no viable UK export fails for lack of finance or insurance”, UK Export Finance has been helping businesses trade around the world for over a century. In this blog, we’re going to learn more about what the department does, and how export finance could help your business succeed. What

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TechTalk – What is Multifactor Authentication and Microsoft Conditional Access and why you should care. Multifactor Authentication

You have probably come across Multi factor Authentication already without knowing it. It’s what happens when you log on to say an email account and enter your password, then you must enter another number sent to you typically via text message or email. It’s that second piece of info that’s the ‘multi’ in ‘multi-factor authentication’.

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Is your business struggling with debt? Regain control today

Many small and medium-sized enterprises (SMEs) were hit hardest at the beginning of the pandemic. They had access to support, like the Bounce Back Loan, which was easier to access and had lower interest rates, but those only helped during the short term. Now a growing number of SMEs are struggling with debt. The latest

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Business rates reform – How will it affect you

For years businesses on the British high street have been calling for reforms to the business rates system. The Chancellor has finally announced new measures in the Autumn Budget that he claims will reduce the burden of business rates in England by over £7 billion over the next five years. The reforms are intended to

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Need Help to Grow? Learn about the latest Government-backed support for SMEs

The Help to Grow campaign was first announced in the Spring Budget earlier this year but received yet another mention in the Autumn Budget as the Government ramps up support for smaller businesses. It has been designed to help more than 100,000 SMEs access management training and advice on innovations that are focused on boosting

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