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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.

(COVID-19) Self-employment Income Support Scheme

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed. For full guidance please visit https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme. Who can apply You can apply if you’re a self-employed individual or a member

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Business Support and Advice – COVID-19

The impact of COVID-19 on both the domestic and international economies is already being felt by UK businesses and companies are naturally concerned not only about the short-term impact on their business, but also the medium to long term consequences of a COVID-19 pandemic. RMT is here to assist and guide you through these challenging

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Companies House to allow coronavirus-related filing extensions

20 March 2020: businesses affected by the COVID-19 pandemic can now apply to Companies House to request an extension to file their accounts, reports and confirmation statements. The maximum extension is three months, but stringent conditions apply, the most important being that any appeal must be lodged before a company’s filing deadline. Updated government advice states that

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Business Rate Reliefs and Grant Funding

On 17 March 2020 the Chancellor set out a further package of targeted measures to support businesses through this period of disruption caused by COVID-19: • increasing the retail discount from one-third to 50 per cent for eligible retail businesses occupying a property with a rateable value less than £51,000; • extending the retail discount

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Statutory Sick Pay (SSP) Claims

Measures to support businesses experiencing increases in costs or financial disruptions Employment costs Legislation will be enacted to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows: • The refund will cover up to 2

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Employment law: What’s the priority for employers?

What is the priority for employers? The priority for most employers is going to be retaining staff if they can. The key message is talk to your workforce and below a few areas to consider which should be read in the light of the following; 1. The government intends to put a full package of

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Covid-19: Time to pay arrangement for outstanding tax liabilities

We have been informed that businesses who have used time to pay are receiving good support. Since HMRC has a set up a phone helpline to support businesses and self-employed people concerned about not being able to pay their tax due to coronavirus (COVID-19) last week, SME businesses have started getting support to delay payment

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Covid-19 Response

At what is an uncertain time, we understand that everyone will have differing concerns and priorities. The landscape in relation to COVID-19 is changing daily but we wish to reassure our clients and associates that RMT has already instigated a comprehensive business continuity plan to ensure we are able to provide an uninterrupted service Whilst

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RMT Accountants New Starters March 2020

RMT Accountants Adds Eleven New Recruits to Expert Team

RMT Accountants & Business Advisors is scaling up to meet client demand by adding 11 new recruits to its growing team. The independent Gosforth-based firm has made the appointments across its various departments after increasing its work with existing clients and winning several new contracts with well-known regional businesses and organisations. Nick Dalton is now

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