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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.

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Business Exit Planning

Strategic Business Exit Planning When embarking on a new venture, it is unlikely that you will give much consideration to how you will exit the business when the time comes. However, it is very important to plan ahead and consider business exit planning in order to maximise the personal financial gains, as well as ensuring

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New HMRC Campaign on second homes

New HMRC Campaign On Second Homes

Residential landlords across the north east are being targeted again by the taxman, this time in a new campaign designed to recoup undeclared profits on the sale of second homes. HMRC’s new Property Sales campaign aims to claw back any unpaid capital gains tax (CGT) from people selling property that is not their main residence,

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What you need to know about company car tax

The basis for taxing those who use company cars is to tax a figure calculated by multiplying the car’s list price by an emissions-based percentage (the “appropriate percentage”), with a 3% surcharge on diesel powered cars. The maximum taxable value of the benefit is 35% of the list price of the car when first registered.

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Capital Allowances

Capital allowances permit businesses to write off the cost of capital assets, such as plant and machinery, against their taxable income. They take the place of commercial depreciation, which is not allowed for tax. Annual Investment Allowance (AIA) For the period up to 1 January 2013 the first £25,000 of the year’s investment in plant

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How to Balance your Bank Account

When you enter records of money paid into and out of your bank account into the cash book, there is often a delay of at least a couple of days until these transactions are cleared through the banking system and appear on your bank statement. Therefore, the bank balance according to the cash book will

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RMT add two more members of staff

RMT Adds Two MoreTo Expanding Team

RMT Accountants & Business Advisors has continued its ongoing recruitment drive by bringing in two new members of staff. Ashleigh Doran and Rachel Ormston have joined the Gosforth-based firm to bring the total number of new recruits to 5 in the last year. Ashleigh, from Houghton-le-Spring, has moved from a smaller regional practice to become

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Boost for bikers’ safety after new app launches

MORE than a million motorcyclists can feel safer in the saddle thanks to a new safety technology that is guaranteed to save lives. A Newcastle-based team of five bike enthusiasts has secured £275,000 through various investors to launch RealRider, a GPS route tracker via smartphone that determines when and where a rider has suffered a

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Ransom attacks – are you next?

Paul Holborow, Head of IT Services at RMT Accountants and Business Advisors Ltd, looks at the worrying trend of ‘ransom attacks’. Ransom attacks occur when cybercriminals get on to your network and encrypt data drives, and then demand a ransom in return for decrypting the data. Whilst a couple of recent cases may appear to

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Branding agency surreal creative to help others expand

Branding agency Surreal Creative to help others expand

A BRANDING agency is looking to help other North East businesses find the same success it has enjoyed overseas. Houghton-le-Spring-based Surreal Creative has secured more than half its work in continental Europe after strategically reshuffling the business when the recession began to bite in the UK. The firm now includes international businesses such as Sonae

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