Blog | RMT Accountants and Business Advisors Newcastle

May 16, 2013

Should you buy a franchise?

Franchising is growing in popularity in the UK, and can be a profitable way of doing business. However, there are advantages and disadvantages and Specialist Franchise Accountants can advise on these areas The process involves the licensing of a business ‘blueprint’ by a franchisor, to a franchisee. The franchisee buys the rights and obligations of

May 9, 2013

Embarking on a new venture

Starting a new business venture is an exciting and challenging proposition, which also carries an element of risk. There are many factors to consider, including: the nature of the business; your target market and competitors; the potential for profit; how you will extract those profits; how fast the business will grow; how the business will

April 17, 2013

Business Startup Advice

Before you begin: Is it right for you? Running a business can be an extremely fulfilling experience, but it can also prove a significant challenge. Many small businesses fail in the first essential stages, which is why it is essential to plan your venture carefully. You should start by including us in your initial planning. The

April 11, 2013

The Value of Outsourcing

Most business owner-managers find that they spend only a small percentage of their time on important strategic planning. A great deal of their effort is spent on the day-to-day running of the business – the ‘housekeeping’ side of things. But do you really need to do all this work yourself, when it is possible to

April 10, 2013

Entrepeneur Raises A Cup to Accountants

One of the north east’s brightest young entrepreneurs has raised a cup of tea to the organisations that have helped her get to where she is today. Jules Quinn set up The *TeaShed, a design-led tea, teaware and homeware company based at the Northern Design Centre in Gateshead, after completing her fashion marketing degree at

April 10, 2013

Making sure your PAYE code is correct

The PAYE system aims to collect, over the course of a tax year, approximately the right amount of tax from your earnings. This is done by the issue of one, or sometimes a series of, tax codes, which are used by your employer to calculate the tax to be deducted from your earnings. However, many

April 9, 2013

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

April 5, 2013

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,

April 4, 2013

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.