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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.

Dog and Cat Shelter

Newcastle Dog & Cat Shelter Fetches RMT Accountants’ Advice in Support of New Facilities Plans

Newcastle’s best-known animal rescue centre is homing in on advice from RMT Accountants to help support its planned investment in new facilities. After building a new cat maternity suite and kitten creche at its Benton North Farm shelter in 2019, the Newcastle Dog & Cat Shelter is planning to create an equivalent facility for puppies

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Beadnell Towers

Beadnell Towers Hotel Owners Eye Next North East Projects After Completing Refinancing Deal

The owners of a leading North East boutique, hotel, bar and restaurant on the Northumberland coast are planning their next projects after concluding a seven-figure refinancing deal. After completing an 18-month, £3m refurbishment and expansion programme at the Beadnell Towers Hotel and the Towers Kitchen, Bar and Terrace in the summer, the management team at

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Is Cloud Accounting Right for Your Business?

Cloud accounting software helps you streamline your business processes, keep accurate accounts and minimise your admin burden. One of the main advantages over traditional accounting software is access to your information. Because your data is now saved securely on remote servers, you can access your financial data anytime and anywhere – provided you have an

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Emirates Riverside Cricket Ground

Durham Cricket Selects RMT Accountants as New Auditor

Durham Cricket has appointed RMT Accountants & Business Advisors as its new auditors. The Club has chosen the independent Gosforth-based firm to work alongside its executive team. The appointment reflects Durham Cricket’s commitment to the regional economy, and follows the recent announcement that it is finalising plans to build a hotel on club grounds as

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Angell Petco Acquisition Measures up for Surveyor Phil After Return From Australia|Angel Pet Co

Angell Petco Acquisition Measures up for Surveyor Phil After Return From Australia

A returning North East quantity surveyor is looking to take a bite out of the online dog food market after completing his first business acquisition. As part of moving back to the region from Newcastle in Australia, Phil Butler had been looking to buy a business to provide an additional income stream for him and

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Chat Heroes

Chat Heroes Talking up Growth Plans After Investment Win

A successful North Tyneside-based managed web chat service is talking up its growth plans after winning a five-figure investment from the North East Small Loan Fund Supported By The European Regional Development Fund. Chat Heroes helps clients across a wide range of sectors convert website traffic into useful business leads by providing a proactive chat

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Considering capital allowances

  Plant and machinery In the 2018 Autumn Budget, the government announced an increase in the Annual Investment Allowance (AIA) for two years, from £200,000 to £1 million, in relation to qualifying expenditure incurred from 1 January 2019. Special rules apply to accounting periods which straddle this date. Other changes made to plant and machinery

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Changes to Entrepreneurs’ Relief

  Increase in the minimum qualifying period The minimum period throughout which certain conditions must be met to qualify for Entrepreneurs’ Relief (ER) is being increased from one year to two years. This has effect for disposals on or after 6 April 2019, except where a business ceased before 29 October 2018. Where the claimant’s

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Chancellor delivers Spring Statement amid ‘cloud of uncertainty’

  Chancellor Philip Hammond’s second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May’s Brexit withdrawal deal. Despite describing the economy as ‘remarkably robust’, the Chancellor offered a clear warning on the potential impact of a no-deal scenario, which he said would put progress on

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