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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.

Chris Ferguson

Reviewing Your Business Finances For Post-Covid Recovery

By Chris Ferguson, head of recovery and insolvency at RMT Accountants & Business Advisors If you’d been standing at a New Year’s Eve party in 2019 contemplating the coming year, the chances are that you didn’t quite foresee the turmoil that lay ahead… The onset of the Covid-19 pandemic and everything that came with it

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The advantages of electric vehicle salary sacrifice schemes

Businesses looking to reward and retain staff members may wish to consider offering an electric vehicle (EV) salary sacrifice scheme. Not only are many EVs better for the environment, but they could also offer businesses considerable savings. Businesses can use employee salary sacrifice – similar to schemes offered for pension contributions, cycle to work schemes

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The VAT Reverse Charge for the Construction Industry Scheme – Are you ready?

From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. This change affects both contractors and subcontractors and the supply of certain kinds of construction services in the UK. Under the new rules, VAT registered subcontractors who provide a service

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Depend Group

RMT Accountants’ Advice Helps North East Entrepreneurs Acquire Adaptive Living Firm

Advice from RMT Accountants & Business Advisors has helped to bring two successful North East adaptive living businesses together under one roof. Dolphin Stairlifts (North East) and Shape Adaptations have been bought by Stephen and Mary Smith and brought together to form the new Depend Group, which will act as a one stop shop for

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Requests for exemption from publication of furlough claims must be submitted by Monday 25 January

HM Revenue & Customs (HMRC) has confirmed that the final deadline for employers to request an exemption from the publication of furlough claims will be this coming Monday 25 January 2021. Shortly after it was announced in the autumn that the Coronavirus Job Retention Scheme (CJRS) would be extended and reset to resemble the original

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COVID-19 business interruption insurance – Are you due a payout?

Thousands of small businesses across England and Wales may be about to receive insurance payouts from business interruption insurance policies, following a ruling in the Supreme Court. More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments

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Are you making full use of the Government’s COVID-19 financial support package?

As we find ourselves in yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level of support on offer from the Government and local authorities is unprecedented via the various grants, loans and payment holidays now available. To help you make sense

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FSB proposes move to turn Covid emergency debt into shared ownership schemes

The Federation of Small Businesses (FSB) is calling on the Government to introduce new measures to help companies struggling with COVID-related debt, including employee shared ownership. The FSB has said that businesses are facing “unmanageable” levels of Coronavirus debt – with four out of 10 small businesses describing their indebtedness in this way. Already nearly

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The post-Brexit Agreement – what this means for you and your business

There are more than 1,000 pages of the post-Brexit trade agreement under scrutiny at the moment. From an initial review, these are the key points you may wish to consider which may affect you and your business as we start 2021. From 1 January 2021, the process for importing and exporting goods has changed. In

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