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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.

Other key changes for 2019-20

  A number of other key changes are coming into effect during 2019, which may have an impact on your business and personal finances. Employer-provided cars The scale of charges for working out the taxable benefit for an employee who has use of an employer-provided car are normally announced well in advance. Most cars are

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Making Tax Digital (MTD)

  HMRC is phasing in its Making Tax Digital regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD

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Looking ahead

  The Chancellor has announced various consultations and publications on possible future changes. These included: NICs Employment Allowance draft regulations Following the announcement in the Autumn Budget of reform of the national insurance contributions (NICs) Employment Allowance to restrict it to businesses with an employer NICs bill below £100,000, the government will invite technical comments

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Drilling Supplies

New Era For Drilling Supplies as Established Group RSK Acquires Business From Long-Term Owner

A North East drilling equipment supply business is moving into a new era after being acquired by one of the UK’s leading providers of engineering, environmental consultancy and technical support services. Drilling Supplies provides drilling equipment, rigs and associated equipment from a range of industry-leading suppliers through its headquarters in Burnopfield, Newcastle. It was formed

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Drilling Supplies

New Era For Drilling Supplies as Established Group RSK Acquires Business From Long-Term Owner

A North East drilling equipment supply business is moving into a new era after being acquired by one of the UK’s leading providers of engineering, environmental consultancy and technical support services. Drilling Supplies provides drilling equipment, rigs and associated equipment from a range of industry-leading suppliers through its headquarters in Burnopfield, Newcastle. It was formed

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New Starters 2019

RMT Accountants Invests in Expansion With Ten New Recruits

RMT Accountants & Business Advisors is scaling up resources across all sectors of its business by bringing in ten new recruits. The independent Gosforth-based firm has made the appointments in response to a stream of new business wins and growing demand from existing clients. Lara Marshall and Suzanne Layfield have joined the firm’s client services

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RMT CF 2019

RMT Accountants’ Corporate Finance Team Expands on Back of Successful 2018

RMT Accountants & Business Advisors’ specialist corporate finance team is expanding after building on its 2018 successes. The Gosforth-based firm has recruited experienced finance professional Ayden De Beer to its corporate finance team to assist in the delivery of its strong pipeline and facilitate future growth. RMT’s five-strong corporate finance team works with entrepreneurs to

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Construction Work Starts at New Amble Residential Development

Construction Work Starts at New Amble Residential Development

Construction work is under way at a Northumberland development firm’s latest prestige project in the county. Northumberland (Whitefield Farm) Ltd is building four high-quality residential properties at Whitefield Farm near Druridge Bay, around four miles south of Amble and close to the beach and dunes. Having installed the drainage systems and foundations required for the

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Making Tax Digital for VAT

Over the coming years, the government will phase in the Making Tax Digital (MTD) initiative, which will see taxpayers move across to a fully digital tax system. The below outlines some of the key issues for businesses and business owners. Making Tax Digital for Business Making Tax Digital for Business (MTDfB) was introduced by Chancellor,

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