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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.

TAXMAN’S ‘NUDGE LETTERS’ PUTTING FOCUS ON OVERSEAS ASSETS AND INCOME

By Chris Moir, Associate Director and Head of Personal Tax at RMT Accountants & Business Advisors Ltd Along with root canal work and motorway blowouts, getting a nudge from the taxman is something that most of us will be hoping to avoid. But for anyone with overseas assets, the likelihood of a nudge coming your

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RMT welcome new recruits….

RMT Accountants & Business Advisors has taken on ten new recruits across the business service and outsourcing sectors. Founded over 60 years ago, it works with UK companies of all sizes both within and outside the North East, as well as a range of international clients. RMT provides the full range of financial and business

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ASSOCIATE DIRECTOR PROMOTIONS FOR RMT TAX EXPERTS RACHEL AND CHRIS

Two long-serving members of RMT Accountants & Business Advisors’ specialist tax team have earned promotions into new senior roles. Head of Corporate Tax Rachel Warriner and Head of Personal Tax Chris Moir are now Associate Directors of the Gosforth-based firm and have taken on additional responsibilities for the management of the independent business alongside their

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URGENT PENSION TAX ISSUES FOR DOCTORS TO ADDRESS

By Richard Humphreys, director at RMT Healthcare, the specialist medical division of RMT Accountants & Business Advisors If you asked most doctors which of the ancient Greeks they’re most familiar with, the answer is likely to be the ‘father of medicine’ Hippocrates, after whom the oath that they traditionally took before beginning their practice was

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Furnished Holiday Lets – What tax reliefs are available?

The UK has seen a boom in the ownership of Furnished Holiday Lets thanks to the increase in staycations. As the summer holidays draw to a close many of us may be considering purchasing a holiday let to boost our income, but there are some very specific tax reliefs to consider when doing so. What

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Top tips for securing finance for new businesses

There were stunning figures released in a new survey about business start-ups recently. Data from small business lender iwoca showed that 93 new businesses were created every hour. Despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year. Data from Companies House show over 402,000 businesses were

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Back to basics: Job expenses

Expenses incurred by employees are generally the responsibility of the employer. Quite often, however, employees have to bear the cost themselves when travelling for work, having meals and even providing clothes, which in most cases are not tax deductible. What employment expenses qualify for tax relief in the UK? Work-related travel Having to travel to

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MANAGING THE MANAGEMENT BUY-OUT PROCESS

By Michael Cantwell, head of corporate finance at RMT Accountants & Business Advisors Ltd One of the main outcomes of the pandemic has been a change  in priorities for many people when it comes to their work. For some, this has meant stepping away from their jobs earlier than they’d previously planned or deciding to

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ENSURING A SMOOTH TRANSITION INTO NEW GP PARTNERSHIPS

By Maxine Pott, director of RMT Accountants & Business Advisors’ specialist healthcare division One of the trends that we’ve noticed during our work with primary care practices is the increasing number of salaried GPs who are investigating and then taking on full partnership roles. There are a number of drivers for this, including the greater

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