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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.

TrendBible Joanna Feeley and RMT Julie Cuthbertson on business expansion

TrendBible forecasts business expansion

RMT Accountants and Business Advisors are delighted to have assisted long-term clients, TrendBible, in their business expansion plans by securing a new three-storey office on Leazes Park Road in central Newcastle. The 2,000 sq ft space has been designed to provide a flexible base for members of the growing, 22-strong TrendBible team to use when

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Louise McGuire outlines the benefits of outsourcing payroll services

The benefits of outsourcing your business’s payroll function

Managing a company’s payroll can be a time consuming and complex process. Whether that’s for a growing businesses taking on more staff or smaller firms where the management teams already have enough on their plate, it makes sense to consider outsourcing payroll services so owners can focus on day-to-day operations. It’s therefore no surprise that

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Industrial strategy required to ‘focus on innovation’, says IoD

The Institute of Directors (IoD) has urged the government to create an industrial strategy to help ‘define specific long-term priorities for the UK economy’. In its latest survey, an overwhelming majority of IoD members (88%) favoured the development of a meaningful industrial strategy aimed at defining specific long-term priorities for the UK economy. Less than

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Post-Brexit trade plan must be replaced, says think tank

The Resolution Foundation think tank has called for the government to replace the initial post-Brexit trade plan with a ‘far more ambitious’ strategy to help protect Britain’s manufacturing firms and seek new markets for UK services firms. A report published by the Foundation found that the UK’s initial post-Brexit trade plan to secure Free Trade

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UK inflation stays at 8.7%

The UK’s rate of inflation plateaued at 8.7% in May, data published by the Office for National Statistics (ONS) has shown. Inflation was expected to fall in May but remained at 8.7% – the same rate as was recorded in April. The rate of 8.7% is higher than economists had expected, and many now anticipate

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MTD expected to cost £1 billion more than originally forecast

A report published by the National Audit Office (NAO) has found that HMRC’s Making Tax Digital (MTD) initiative is expected to cost around £1 billion more than its initial £226 million budget, which was forecast in 2016. MTD is intended to modernise the tax system for income tax self assessment, VAT and corporation tax.  It

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HM Revenue & Customs

HMRC close self assessment helpline for three months

A trial to redirect Self Assessment queries from the helpline to HMRC’s digital services will run between 12 June and 4 September 2023. HM Revenue and Customs (HMRC) will pilot a new seasonal model for the Self Assessment (SA) helpline, to prioritise helping those with urgent queries. For 3 months from 12 June 2023, HMRC will

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HM Revenue & Customs

HMRC extends deadline for voluntary NICs

Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension – an extension of nearly 2 years – the government announced. Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying

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Paul Gainford of RMT with Fat Hippo founder Michael Phillips

Fat Hippo Group’s success continues with RMT’s ongoing advice

A successful independent North East restaurant group is putting on a show in the heart of London’s theatre district with the launch of its first West End venue. The Fat Hippo Group has opened the doors at a new 100-cover venue on Wardour Street in Soho as part of the latest stage of its continuing

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