Blog | RMT Accountants and Business Advisors Newcastle

August 25, 2021

Tax-Relief Schemes May Help Start-Ups Raise Outside Investment – ICAEW

Tax-relief schemes may help start-ups and established businesses attract outside investment when traditional investment is not viable, a major regulator has said. The Institute of Chartered Accountants in England and Wales (ICAEW) said initiatives, such as the seed enterprise investment scheme (SEIS) and the enterprise investment scheme (EIS), may help even the smallest of firms

August 25, 2021

Are You Entitled to The Marriage Allowance?

Millions of married couples and those in civil partnerships could be entitled to up to £252 in income tax relief, HM Revenue & Customs (HMRC) has revealed. The latest statistics suggest that nearly 1.8 million couples are currently claiming the Marriage Allowance. But following a change in circumstances, millions more couples may be eligible to

August 6, 2021

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

August 2, 2021

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

July 20, 2021

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

July 20, 2021

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

July 15, 2021

Help to Grow: Management Scheme Opens For Registrations

The Government’s landmark Help to Grow: Management scheme is now open for applications. The initiative offers businesses free or subsidised training to level up in the wake of the coronavirus pandemic. Here’s what you need to know. What is the Help to Grow: Management scheme? The initiative will offer 30,000 senior business leaders or managers

July 7, 2021

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

July 7, 2021

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