Blog | RMT Accountants and Business Advisors Newcastle

July 19, 2023

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

July 19, 2023

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

July 19, 2023

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

July 19, 2023

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

Paul Gainford of RMT with Fat Hippo founder Michael Phillips

June 22, 2023

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

June 14, 2023

Reaching the right valuation for your company

By Michael Cantwell, Head of Corporate Finance It’s been widely acknowledged that, in the aftermath of the covid pandemic, the attitude of a significant proportion of business owners has changed towards the timing of the exits that they want to make from them. While many would have previously been happy to continue running their businesses

June 6, 2023

RMT advice helps Dubai multinational make first acquisition in UK financial services sector

Advice from RMT Accountants & Business Advisors has helped a Dubai-headquartered multinational group of companies make its first move into the UK financial services sector. The Gosforth-based firm has worked with Aroma Global on the acquisition of longstanding West Midlands investment advisory business MitonOptimal Portfolio Management (UK) for an undisclosed sum as part of Aroma’s

May 10, 2023

Plan. Protect. Prosper. Futureproofing your business.

We are running an event, in conjunction with two other leading professional services firms in the region, for Shareholders and Directors, in a panel discussion hosted by North East Times. When : Thursday 22 June – 09.30-11.30 Where : PROTO – Gateshead College Business Centre, NE8 3BE Partners from law firm Weightmans in Newcastle will talk about the

May 2, 2023

Doxford Group delivers record financial performance as new hotel prepares for opening

A successful Northumberland hospitality group is ready for the next stage of its expansion after delivering record financial results. The Doxford Group, which owns the award-winning Doxford Barns and Charlton Hall in Chathill, more than doubled its annual turnover during its last financial year, from £1.6m to £3.9m, on the back of sustained demand in