Blog | RMT Accountants and Business Advisors Newcastle

February 10, 2023

BCC warns SME exporters ‘under tightening pressure’

The British Chambers of Commerce (BCC) has warned that small and medium-sized enterprises (SMEs) that export are facing ‘tightening pressure’ as a result of decreasing export sales. Most Small and Medium Sized Enterprise (SME) exporters report no improvement to exports, with 27% reporting decreased export sales in the quarter and 47% reporting no change. Only 26% of SME exporters saw increased export sales

February 10, 2023

Small firms ‘facing challenges when applying for financing’

Many small firms in the UK face challenges when it comes to finding and applying for funding, according to a report published by the Federation of Small Businesses (FSB). The “Credit Where Credit’s Due” report highlights concerns around access to finance among small businesses, which will be crucial to any future economic recovery New Federation

February 10, 2023

Government launches consultation on R&D relief

The government has launched a consultation on simplifying the UK’s research and development (R&D) tax relief system, driving innovation and growing the economy. R&D tax relief reform set to simplify the system and help grow the economy Clearer information about how much relief business will receive to be offered up front, helping them budget for

February 10, 2023

Bank of England raises interest rates to highest level in 14 years

The Bank of England (BoE) has raised the base rate of interest. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February 2023, the MPC voted by a majority of

February 10, 2023

Energy bill support for firms to be reduced from April

Businesses will receive reduced support for their energy bills from April. The Government has announced a new Energy Bills Discount Scheme (EBDS) from April 2023 to April 2024 for eligible non-domestic consumers in Great Britain and Northern Ireland. The current Energy Bill Relief Scheme announced in September comes to an end in March 2023. It

February 9, 2023

Restructuring Advisors say Charity Sector facing a challenging 2023

The number of charities in financial difficulty is expected to rise this year as a result of the increasing economic challenges facing the sector. That is the view of a North East restructuring expert, Chris Ferguson, who is Head of Recovery & Insolvency at RMT Accountants & Business Advisors based in Gosforth, Newcastle. His advice

February 9, 2023

Upcoming corporation tax changes

It was announced at Budget 2021 that from 1 April 2023 different rates of corporation tax will apply depending on the level of taxable profits of a company and number of ‘associated’ companies. This is very similar to the corporate tax rules which applied prior to 1 April 2015. In summary, from 1 April 2023

January 31, 2023

AISMA Doctor Newsline Winter 2022/23

As experts in accounting for healthcare professionals, we are pleased to introduce you to the Winter 2022/23 edition of AISMA Doctor Newsline, the newsletter for GPs and practice managers published by our membership organisation, the Association of Independent Specialist Medical Accountants. With big financial changes ahead for GPs, Luke Bennett opens the issue with an

January 25, 2023

Hanover Dairies Agrees NatWest Finance Restructure Deal To Support Investment Plans

The North East’s leading independent milk delivery service is planning further investment in its business and services after securing a new refinancing agreement with NatWest. Hanover Dairies delivers a wide range of milk, eggs and non-dairy products to customers across the North East, North West and Southern regions from a network of 12 depots across