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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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Beware of Exceeding Your Pension Pot Allowance

Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Your annual allowance is the maximum you can save in your pension pots in a tax year (6 April

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HMRC Helpsheet to Support Residential Property Sellers With New CGT Rules

New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed. HM Revenue & Customs (HMRC) said the new helpsheet – which can be downloaded here – will support taxpayers in complying with new reporting obligations. The guidance comes after major changes to the

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Fraud Now Costs UK Businesses and Individuals “£137 Billion a Year”, Research Reveals

Fraud now costs UK businesses and individuals more than £137 billion a year, a major study has revealed. Published by the University of Portsmouth Centre for Counter Fraud Studies, the data suggests that the Covid-19 outbreak has highlighted significant holes in companies’ cybercrime defences. According to the study, the cost of fraud has increased by

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New Plans to Support Hospitality Industry in Wake of Coronavirus Pandemic

New plans will help pubs, bars, restaurants, and hotels bounce back from the coronavirus pandemic, it has been revealed. The report comes after the Government unveiled The Hospitality Strategy on Friday, 16 July. With a focus on “reopening, recovery and resilience”, the plans will introduce a variety of measures designed to help hospitality businesses recover

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Caremore

North East Entrepreneurs Make First Move Into Healthcare Sector With Caremore Acquisition

Two well-known North East entrepreneurs have taken their first steps into the healthcare sector with the acquisition of a successful Teesside equipment supplier. Richard and Julie Bennett, owners of specialist regional print and design firm Newcastle Print Solutions (NPS), have purchased Caremore Services of Redcar from directors Peter Moore and David Caley for an undisclosed

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Jon Archer Bike Ride

North East Cyclists Aiming For Wheely Quick Charity Ride From Land’s End to John O’Groats

Three superfit North East cyclists are aiming to raise thousands of pounds for charity later this month by riding from Land’s End to John O’Groats in just six days. Jon Archer, Joe Hunter and Jack Quinlan are taking on the 1,000 mile challenge to raise money for The Alzheimer’s Society, in honour of family members

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Don’t Miss The Deadline For Renewing Tax Credits

Unlike other benefits, tax credits usually have to be renewed each year by 31 July to continue receiving payments from HM Revenue & Customs (HMRC). If you are claiming tax credits, it is really important to look carefully at the information you receive. Even if you have stopped getting tax credits, you still need to

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Julie Cuthbertson

Julie Joins RMT Accountants’ Ambitious Corporate Finance Team

RMT Accountants & Business Advisors has strengthened its specialist corporate finance team with the appointment of experienced finance professional Julie Cuthbertson. Julie has moved into a corporate finance manager role with the Gosforth-based firm after spending her entire career within NatWest Bank’s North East operation. A Northumbria University graduate, Julie started within the bank’s branch

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R3 North East Deputy Chair Responds to Deadline Extension For Debt Enforcement Actions Restrictions

The government’s decision to extend its pandemic business support measures is a ‘further and possibly final window’ for COVID-hit businesses to get their finances in order, according to the North East deputy chair of insolvency and restructuring trade body R3. Chris Ferguson was speaking after Treasury minister Steve Barclay announced in the House of Commons

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