Management and Business Support

  

Highlights: Headline-grabbing announcements in the Budget do not hide the reality of challenging times ahead for many in the UK

Moracle's client MRCF's Director wins international award
 

 

  
Accounting, Auditing & Professional Services

Moracle News

   

Headline-grabbing announcements in the Budget do not hide the reality of challenging times ahead for many in the UK

Leading London accountants Moracle have today launched two new free initiatives to help businesses and local taxpayers get to grips with the challenges facing them as a result of the current economic situation.  These are specialist support for businesses and personalised review on how to minimise the amount of tax people pay.  Launching the new services, Moracle partner Morlai Kargbo said that:

“There are some very welcome headline announcements in this Budget, but the devil is always in the detail.  Things are rarely as rosy as Chancellors paint them in their speeches.  But even if the details turn out not to be too devilish, there are two underlying realities that we have to face.

The first is that, due to Britain having the largest deficit in peacetime history and tax rises and spending cuts announced long before the Budget, the impact of these has already begun to be felt by people and businesses.  We were already seeing jobs being lost, public sector contracts disappearing, businesses failing and benefits being cut.  And if people work hard and manage to avoid all that, they could find the taxman taking up to 60p in income tax from every extra pound they earn.

The second is that it is businesses and not Budgets which offer the best hope of putting things right by replacing the jobs and wealth lost and generating extra taxes needed to pay for everything.

Mr Osborne billed it as a ‘Budget for growth’ but the measures he is proposing such as relaxing planning restrictions, setting up new enterprise zones and cutting corporation tax rates just set the context for growth, they will not make it happen.  It is how businesses respond that matters, since they are the engine for growth.  So our jobs and wealth creating businesses need to stand up and be counted by taking urgent action to make it happen.

To help with this, we are today launching a new – and free – Business Builder support initiative to assist London businesses take the right sort of action.  Using leading-edge software, systems and thinking, it will help local businesses discover new ways to create more jobs, profits and wealth.

But that is not all.  Despite the promises of simplification in the future, the 2011 is hideously complicated and contains huge pitfalls for the unwary.  The good news is that it now also allows the really well advised to make some very big tax savings.  So as well as the Business Builder initiative, we are also launching today a free 2011 Tax Minimisation Review service – to make sure that no-one suffers by paying a single penny more than their fair share of tax.”

Businesses who would like to discover exactly what the Business Builder support initiative and 2011 Tax Minimisation Review can do for them can do so by calling Morlai Kargbo at Moracle on 020 8880 4144 or by email at morlai.kargbo@moracle.co.uk.

 

MRCF Director Zrinka Bralo wins 2011 Voices of Courage award- March 14, 2011

Zrinka Bralo, Director of the Migrant and Refugee Communities Forum (MRCF) and a Moracle audit client has won the 2011 Voices of Courage Award from the New York based Women’s Refugee Commission. The Commission which is affiliated to the International Rescue Committee advocates for laws, policies and programs to improve the lives and protect the rights of refugee and internally displaced women, children and young people, including those seeking asylum. Zrinka has been recognised for her work with refugees in urban areas and will be honoured at the ceremony in New York in May 2011. Morlai Kargbo, Moracle's Managing Partner congratulates Zrinka on her excellent work and everyone at MRCF as they celebrate this international recognition of the charity's important efforts in helping refugees and migrants in the UK.

 

New Moracle Foundation Director - November 23, 2010

With the formation of the Moracle Foundation which provides training opportunities to disadvantaged communities in the accounting field, Moracle has now recruited Josephine Matthews as its Director to spearhead the development of the charity. Josephine brings over 20 year of charity and ACCA experience and remarks that "I am thrilled to be given this excellent opportunity to be involved in a charity that is trying to improve the employment opportunities and therefore the life chances of people who would not normally be able to get the opportunities to develop their accounting experience within a practice environment".

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