Blog | RMT Accountants and Business Advisors Newcastle

August 5, 2014

Your fast track to continuous IT operation – Cluster in a box

In a world where everyone expects 24/7 connectivity, it is more important than ever to keep your business applications up and running. Your IT supports and drives your business. It enables you to comply with regulations, improves your business processes and allows you to respond faster to new demands. Extended downtime can cause a direct

August 4, 2014

Gearing up for better times

By Greg Bolton, head of corporate finance at RMT Accountants & Business Advisors Ltd George Osborne’s recent visit to the North East was designed by the Government’s communications supremoes to be a watershed moment in the UK’s recent economic history. Timed to coincide with the latest GDP figures, which showed that the UK economy had

January 16, 2014

DOZENS OF NORTH EAST JOBS SAVED

Dozens of North East jobs have been saved after a buyer was found for one of the Tanfield Group plc’s divisions. Tanfield Engineering Systems Ltd was placed into administration in November last year by its directors after posting substantial losses in the previous financial year.

December 5, 2013

Expansion – is your business ready?

Recent research shows that micro businesses have grown in number by 40% since 2000, but less than a quarter of these businesses have managed to grow in size. However, around 80% of SME owner managers would reportedly like to expand their business, so this low growth rate cannot be blamed on a lack of ambition.

September 11, 2013

An Introduction to VAT

VAT is a tax chargeable on taxable supplies made in the UK by taxable persons. Credit is given for tax paid to other businesses and the net balance is payable or reclaimable – normally on a quarterly basis. Taxable persons A taxable person is defined as one of the following carrying on a business: A

July 23, 2013

Tax Planning for yourself and your family

Planning for yourself and your family Achieving your objectives Every individual will have a variety of goals in life, which may include raising children and saving for their education, caring for and supporting ageing parents, attaining a desired standard of living for themselves and their family, and financing their retirement. As your accountants, we can

July 22, 2013

Insolvency and Liquidation

There are many different ways of dealing with company debt. In most cases, an authorised insolvency practitioner will be appointed to manage a company’s affairs once insolvency proceedings start. If you think your company is in danger of becoming insolvent you should take independent professional advice at the earliest possible stage. A company is insolvent

July 16, 2013

Raising finance for your business

Despite Government attempts to boost lending, latest figures suggest that bank loans for small businesses have continued to decline in recent months. According to the Bank of England, net lending to businesses suffered its biggest drop in April 2013, down by £3bn since December. If you are struggling to acquire the financial capital you need

July 5, 2013

Cash Flow Forecasting

Cash flow forecasting or cash flow management is a key aspect of financial management of a business, planning its future cash requirements to avoid a crisis of liquidity. Poor cashflow management is the primary reason for a vast proportion of business failures. Many profitable companies find that they are, for all practical purposes, insolvent –