Blog | RMT Accountants and Business Advisors Newcastle

January 9, 2023

Bank of England raises base rate

The Bank of England Monetary Policy Committee voted on 15 December 2022 to increase the Bank of England base rate to 3.5% from 3%. HMRC interest rates are linked to the Bank of England base rate. As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase. These changes

January 9, 2023

Government extends mortgage guarantee scheme

The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder. The Mortgage Guarantee Scheme will be extended by a year, having already helped over 24,000 households get onto the property ladder Launched in April 2021, the scheme supports first-time

November 23, 2022

DISPELLING MYTHS ABOUT CORPORATE FINANCE

By Michael Cantwell, head of corporate finance at RMT Accountants & Business Advisors Ambitious businesses that are looking to expand and develop tend to have a lot of things in common – an experienced management team, a robust business plan, products and/or services that stand out from the crowd and a determination to succeed, whatever

November 16, 2022

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

October 27, 2022

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

October 13, 2022

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

September 20, 2022

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

September 1, 2022

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

September 1, 2022

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