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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.

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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Your Money – Inheritance Tax Planning

Planning to minimise the liability to IHT is a team effort involving you and your professional adviser. To enable long-term objectives to be set, it is necessary to make decisions about your finances and your family. Currently only 5% of estates have a liability to IHT. When should I plan for IHT? Now! IHT is

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Getting started in business – Your business vision

If you are starting your own business, you probably have a great idea, a new way of looking at things, or a vision. But have you thought about how you can exploit a niche, or differentiate yourself from the competition with a Unique Selling Point (USP)? Many business owners underestimate the importance of researching their

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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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Budget 2013 image

RMT 2013 Post Budget Special

Here you will find all the information you need relating to the 2013 Budget 2013 RMT Budget Newsletter 2013 Budget Report PDF  RMT Budget Presentation Slides Budget Resource Links Introduction and Highlights Business tax and investment incentives Tax and travel National Insurance Contributions (NICs) Real Time Information and PAYE penalties Income tax rates Capital taxes

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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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