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UK Inflation Rises at Fastest Rate for 40 Years as Food Costs Jump

Posted on 30th June 2022

Prices are continuing to rise at their fastest rate for 40 years with food costs, particularly for bread, cereal and meat, climbing. UK inflation, the…

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Firms Warn Time is Running Out to Save UK Economy

Posted on 30th June 2022

The boss of a business lobby group has told the government to get its “house in order” to “save the economy” as firms struggle with…

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Making Tax Digital for Accountants

Posted on 30th June 2022

This month HMRC are sending emails to remind businesses and agents that all VAT registered businesses now need to keep digital records, sign up for…

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The Queen’s Platinum Jubilee

Posted on 27th May 2022

We would like to take this opportunity to congratulate Her Majesty The Queen for reaching her Platinum Jubilee. The Queen has this year become the…

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Every Household to get Energy Bill Discounts of £400 this Autumn

Posted on 27th May 2022

Every household in the UK is to get an energy bill discount of £400 this October as part of a package of new measures to…

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Government in Contact with Victoria and Albert Museum over Allegations Against Trustees

Posted on 27th May 2022

The government has spoken to the Victoria and Albert Museum about allegations made against its trustees, the charity has confirmed. The Mail on Sunday newspaper…

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Business Confidence is Falling, says Natwest Boss

Posted on 27th May 2022

The cost of living crisis presents challenges because so many firms and customers have no experience of high inflation and rising lending rates, NatWest boss…

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Warning of Economic Downturn as Interest Rates Rise

Posted on 6th May 2022

The Bank of England has warned the UK faces a “sharp economic slowdown” this year as it raises interest rates to try to stem the…

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Companies House Latest News

Posted on 6th May 2022

Click on the links below to access the latest updates from Companies House. Protecting your Company from Fraud and Scams Removing your Home Address from…

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Outrage as Government Signals Audit Reform on Ice

Posted on 6th May 2022

The wait goes on for reform of the UK audit market. Although earmarked as a “priority”, there will be no draft bill in the forthcoming…

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Government Borrowing Halves as COVID-19 Costs Fall

Posted on 29th April 2022

Government borrowing in the last financial year more than halved from the amount borrowed a year earlier when the UK saw major COVID-19 restrictions. Borrowing…

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Number of Firms in Critical Financial Distress Rises Sharply

Posted on 29th April 2022

A growing number of UK businesses are at risk of going under, as costs spiral and COVID-19 loan repayments come due, a report has found….

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Ukraine War to Cause Biggest Price Shock in 50 Years – World Bank

Posted on 29th April 2022

The war in Ukraine is set to cause the “largest commodity shock” since the 1970s, the World Bank has warned. In a new forecast, it…

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Companies House Reform will Increase “Red Tape” for SMEs

Posted on 8th April 2022

The UK government’s newly unveiled shake-up of corporate transparency legislation and Companies House will disproportionately hinder the already struggling small business population, according to Sanjay…

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National Insurance Rise Starts to Hit Pay Packets

Posted on 8th April 2022

The burden of tax falling on workers and employers has increased as a hotly-debated rise in National Insurance payments takes effect. Employees, businesses and the…

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UK Gender Pay Gap: Women Paid 90p for £1 Earned by Men

Posted on 8th April 2022

Women in the UK were paid just 90p for every £1 earned by a man, according to the latest figures released through the government’s gender…

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Spring Statement

Posted on 25th March 2022

Chancellor Rishi Sunak has set out measures aimed at combating soaring energy, food and fuel prices, in his Spring Statement. He cut fuel duty by…

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ACCA Urges Government to Empower Regional Leaders to Meet Levelling Up Promises

Posted on 25th March 2022

The Association of Chartered Certified Accountants (ACCA ) has called on the government to empower regional leaders through devolved funding projects to grow innovation initiatives….

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Inflation Hits New 30-Year High in February

Posted on 25th March 2022

The cost of living continued to soar last month, according to official figures. Prices rose by 6.2% in the 12 months to February – the…

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The Role of Accounting Firms amid the Crisis in Ukraine

Posted on 18th March 2022

At first glance, Russia’s invasion of Ukraine might seem well outside the purview of small to medium-sized accounting firms, especially in the UK and US….

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Interest Rates Rise Again to Counter Higher Prices

Posted on 18th March 2022

Interest rates have increased for the third time in four months as the Bank of England tries to calm the rise in the cost of…

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Big Four Accountancy Firms Cut Off Businesses in Russia and Belarus

Posted on 18th March 2022

EY and Deloitte have followed their rivals and fellow big four accountancy firms KPMG and PwC by cutting off businesses in Russia and Belarus. The…

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Ukraine Brings Significant Economic Uncertainty, Chancellor Warns

Posted on 11th March 2022

Russia’s invasion of Ukraine means significant uncertainty for the UK economy, the chancellor has warned. This is despite UK growth bouncing back in January as…

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New Legislation to Tackle Global Economic Crime

Posted on 11th March 2022

The government has brought forward new legislation to tackle economic crime and improve corporate transparency. Following the commitments announced by the Prime Minister last week,…

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UK Wage Growth Lags Rising Cost of Living

Posted on 18th February 2022

UK wage growth continued to lag behind the rising cost of living between October and December, figures show. Wages rose, but when taking inflation into…

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Quarter of UK Employers Cite Long COVID as Driving Absences

Posted on 18th February 2022

A quarter of British employers have cited long COVID as a main cause of long-term sickness absences, a survey by a professional body has recently…

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Four Day Work Week Could Close Gender Pay Gap

Posted on 18th February 2022

Moving to a shorter working week could help to close the gender pay gap, according to a new report recently released. When unpaid and paid…

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Where are Britain’s Missing Million Workers?

Posted on 4th February 2022

There could be as many as a million missing workers in the UK job market, experts say. Latest figures suggest that the vast majority of…

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Chancellor Defends Response as Energy Bills Soar

Posted on 4th February 2022

Millions of households will typically pay an extra £693 a year on their energy bills from April, but chancellor Rishi Sunak said his support plan…

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10 New Year’s Resolutions Accountants and Bookkeepers Need to Keep This Year

Posted on 6th January 2022

The ball dropped on New Year’s Eve, and swaying along to Auld Lang Syne you raised your glass and made a toast to some well-intentioned…

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Tax Self-Assessment: HMRC Waives Fines again for Late Filings

Posted on 6th January 2022

Fines will be waived for anyone who submits their self-assessment tax return up to a month after the normal deadline of 31st January. HM Revenue…

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Christmas Message

Posted on 23rd December 2021

We would like to wish all our clients and associates a safe and peaceful Christmas this year. 2021 has been another challenging and unprecedented year…

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Business Alarmed at Prospect of Further COVID-19 Restrictions

Posted on 23rd December 2021

Businesses have reacted with dismay at possible tougher COVID-19 measures before Christmas after the health secretary said they could not be ruled out. Asked on…

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New COVID-19 Restrictions are a Setback for Business

Posted on 17th December 2021

New restrictions in England aimed at limiting the spread of the Omicron variant of COVID-19 are a “setback for businesses”, the Confederation of British Industry…

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Omicron Pauses the Return to Economic Normality

Posted on 2nd December 2021

The science may still be uncertain but the Omicron variant has definitively intruded upon recent stock market euphoria. The designation as a variant of concern…

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Audit Committees Must Take Climate Change “A Lot More Seriously”

Posted on 2nd December 2021

The recognition of climate-related matters among audit committees has not been strong enough despite a spate of recent events highlighting the significance of the issue…

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Black Friday Tipped to Hit Record Sales

Posted on 26th November 2021

Sales have made a strong start to Black Friday, early data indicates, with analysts suggesting the event could see record levels of business. Barclaycard said…

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Watchdog Questions Effectiveness of Kickstart Job Placement Scheme

Posted on 26th November 2021

It is unclear whether the government’s Kickstart scheme is creating quality job placements for 16-24 year olds, a watchdog says. It is also unclear whether…

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ACCA President – Give Back Where You Can

Posted on 26th November 2021

In her first column, ACCA President Orla Collins talks of the importance of helping people reach their full potential. “I would like to start my…

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ACCA Welcomes Budget Announcement to use Balance Sheet Information to Achieve Sustainable Public Finances

Posted on 26th November 2021

Innovative approach to the UK’s fiscal framework is a game changer and puts finance at the heart of government decision making, according to the ACCA….

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COP26: UK and Global Accountancy Bodies Aim for Net Zero Emissions

Posted on 4th November 2021

The UK professional body for accountants has joined global peers in making a public commitment to net zero emissions. The Institute of Chartered Accountants in…

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Budget 2021: Price Rises Could Hit Highest Rate in 30 years, says Forecaster

Posted on 29th October 2021

The cost of living could rise at its fastest rate for 30 years, the government’s forecaster has warned. Its latest forecast says inflation, which measures…

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Budget 2021: Small Wins for Business, but a Lack of ‘Wow’

Posted on 29th October 2021

The measures outlined in the Budget’s speech are welcome, but do little to address immediate cost and supply chain pressures. Chancellor of the Exchequer Rishi…

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Autumn Budget 2021

Posted on 29th October 2021

The Chancellor of the Exchequer presented his Autumn Budget to Parliament on Wednesday 27th October 2021. Setting out the government’s tax and spending plans for…

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Moracle Foundation Training Resources

Posted on 28th October 2021
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Inflation Likely to Hit 5%, Warns Bank of England Chief Economist

Posted on 22nd October 2021

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill…

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Record Vacancies May Not be Good News for Jobseekers or Businesses

Posted on 15th October 2021

Record job vacancies across many sectors of the economy may seem like good news for workers. But the reality is likely to be more nuanced….

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UK Economy Grows on Camping and Dining Out

Posted on 15th October 2021

The UK economy grew by 0.4% in August as more people dined out, went on holiday and attended music festivals. The Office for National Statistics…

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Businesses Welcome Back Workers as Furlough Ends

Posted on 8th October 2021

The wave of job cuts many expected at the end of the furlough scheme has not happened, early data suggests. The number of redundancies proposed…

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Furlough Scheme Ends with Almost 1 Million Left in Limbo

Posted on 30th September 2021

The furlough scheme closed on Thursday, with uncertainty ahead for people who have not yet returned to work. Nearly one million workers were expected to…

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UK Lockdown Rebound Stronger Than First Thought

Posted on 30th September 2021

The economic rebound triggered by the easing of COVID-19 restrictions during spring was stronger than initial estimates, official figures show. From April to June the…

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Most Workers Do Not Expect Full-Time Office Return

Posted on 17th September 2021

Most people do not believe workers will return to the office full-time after the COVID-19 pandemic, an exclusive survey for the BBC suggests. A total…

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Numbers on Furlough Drop to New Low

Posted on 10th September 2021

The number of people on furlough has continued to fall, with young people leading the way, latest figures show. At the end of July, 1.6…

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‘Pingdemic’ Dents UK Economic Growth in July

Posted on 10th September 2021

The UK economy grew by just 0.1% in July as the last COVID-19 restrictions were lifted in England. It was the economy’s sixth consecutive month…

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UK Business Confidence Jumps to More Than Four-Year High

Posted on 3rd September 2021

British business confidence hit highs not seen since April 2017 on hopes the economy is recovering strongly to pre-pandemic levels, according to a survey. Employers…

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UK Audit Reform: Key Takeaways from the Government’s Extensive Proposals

Posted on 3rd September 2021

The UK government’s audit reform proposals aim to restore trust and corporate governance, but questions remain on how the proposed changes will be implemented and…

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Accounting Firms Losing Out On Talent in “Candidate-led Market”

Posted on 3rd September 2021

Skills shortages and shifts in employee demands brought on by the COVID-19 pandemic will combine to create an all-time high of talent strategy changes in…

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Culture is Key to More Women in the Boardroom

Posted on 27th August 2021

The chief executive of the world’s leading accountancy body says that changing culture is crucial in correcting the under-representation of women on boards and is…

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Paying back the Pandemic

Posted on 20th August 2021

There are many reasons to feel optimistic that some form of normal life is beginning to re-emerge from the COVID-19 pandemic. But for many SMEs…

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How the COVID-19 Pandemic has Changed Hiring Habits

Posted on 19th August 2021

The COVID-19 pandemic has radically altered every step of the hiring process and some of the changes may be here to stay. Riva Gold, Canada…

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Post-COVID Crash

Posted on 13th August 2021

A post-COVID crash is looming – and Britain’s auditors are asleep at the wheel. As COVID-related state support for precarious firms winds down, much-needed audit…

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Charity Commission Business Plan

Posted on 6th August 2021

The Charity Commission’s clear purpose is to ensure that charity can thrive and inspire trust so that people can improve lives and strengthen society. In…

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Global Remote Working Could Hit UK Tax Take

Posted on 30th July 2021

The growth of global remote working could seriously diminish the UK government’s tax take as workers fail to return to the UK, according to tax…

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The Six Key Ways Tech is Making Charities More Resilient

Posted on 30th July 2021

Digital technology has been a vital safety net for so many organisations throughout the pandemic. Looking ahead, it’s become clear that digital tech and the…

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Rethinking Risk for the Future

Posted on 16th July 2021

Risk management as we knew it has been catapulted by the ongoing pandemic, and accountants have been presented with an unmissable opportunity to reassess how…

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COVID-19 Support Scheme Fraud

Posted on 16th July 2021

HMRC has conducted more than 12,000 investigations into the use of coronavirus support schemes, including the furlough scheme and the self-employed income support scheme. The…

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Remote Working Revolution

Posted on 25th June 2021

The relative success of pandemic-era working from home could result in as many as six million white-collar jobs being moved overseas, Tony Blair’s think-tank has…

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Cryptocurrency: Accountants Look Beyond the Horizon

Posted on 25th June 2021

Fintech academic and chartered accountant Gavin Brown examines the advancements of the volatile crypto market and outlines what may lie in wait for accountants managing…

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Accounting Standards Come Under Fire from UK Lawmakers

Posted on 18th June 2021

A trio of lawmakers in the upper house of the UK parliament have lined up to launch an unprecedented attack on accounting policy issues. In…

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Accounting Firms: Three Reasons It’s Time for You to Enhance Your Tech Stack

Posted on 11th June 2021

Accountants, like many other professionals, found themselves working remotely during the pandemic, which only further justified the need for accounting firms to upgrade their technology….

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Financially Empowering your Charity Trustees

Posted on 10th June 2021

Following this week’s Wednesday Webinar by our Managing Director, Morlai Kargbo FCCA, please follow the link below to find out more on this topic. This…

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Technology’s Growing Impact on Accounting

Posted on 4th June 2021

Technology and accounting have both changed dramatically in recent years, but nothing has changed the profession quite like the cloud, automation and all its related…

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Rethinking Careers

Posted on 4th June 2021

The COVID-19 crisis has made all of us rethink our career aspirations and our futures. It’s transformed the world of work, shaking up how we…

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How COVID-19 Changed the Accounting Profession for Good

Posted on 28th May 2021

As we continue to see coronavirus restrictions ease, it’s important to reflect on how COVID-19 has changed the accounting and tax industry as we knew…

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Ground-breakers: Generation Z and the Future of Accountancy

Posted on 21st May 2021

In the rapidly evolving world of work, as organisations strive to adopt business practices that are more inclusive, sustainable and recognise environmental and social impacts,…

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Accountancy and Mental Health

Posted on 14th May 2021

With a year of lockdowns under our belt, you might expect that things would get easier. That the more time we spend working from home…

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COVID-19 Business Support

Posted on 30th April 2021

Though the economy and society is gradually recovering from the COVID-19 pandemic, businesses continue to require support and advice. The following COVID-19 support is currently…

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Young Accountants in the Charity Sector

Posted on 29th April 2021

Accountants in the charity sector will face some of the most testing times of their careers, particularly in the aftermath of the COVID-19 pandemic. Ebunola…

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ACCA Exam Inspiration

Posted on 26th April 2021

Moracle has a strong record of producing ACCA-qualified accountants through the Moracle Foundation and many of our staff and associates are currently studying for their…

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ACCA calls for Inclusive Approach to Economic Recovery

Posted on 26th March 2021

To mark International Women’s Day, ACCA is urging more governments to adopt the use of Gender Responsive Budgeting (GRB) to ensure that women and men…

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Budget 2021

Posted on 5th March 2021

The Chancellor of the Exchequer presented his Budget to Parliament on Wednesday 3 March 2021. In a Budget which ‘meets the moment’, the Chancellor has…

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Virtual Reality Meetings

Posted on 26th February 2021

Staff at accounting giant PricewaterhouseCoopers have been holding meetings in odd places: the top of skyscrapers, inside swanky penthouse apartments and even luxury ski chalets….

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New World Trade Organization Chief

Posted on 19th February 2021

The World Trade Organization has chosen Nigeria’s former finance minister Ngozi Okonjo-Iweala as its first female and first African leader, handing her the task of…

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UK-Ghana Trade Deal

Posted on 11th February 2021

The UK and Ghana have recently announced that they have finalised negotiations on a new Interim Ghana-UK Trade Partnership Agreement. This Agreement will provide for…

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Signs of optimism for UK workforce

Posted on 19th January 2021

The UK workforce was starting to feel more confident about their jobs, finances and career prospects at the end of 2020. That’s the latest finding…

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How coronavirus will reshape accountancy

Posted on 11th December 2020

Accountants and bookkeepers have been on the front line supporting small businesses through a turbulent year. Like many of us, they have also been under…

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Does accountancy still offer a safe career after the mayhem of COVID-19?

Posted on 27th October 2020

In times of crisis, the accountancy industry tends to thrive. But will the profession still be a stable career choice in the months and years…

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COVID-19 accounting implications

Posted on 20th October 2020

The coronavirus (COVID-19) pandemic has developed rapidly in 2020. Measures taken to contain the virus have affected economic activity, which in turn has implications for…

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ACCA apprenticeships in England

Posted on 19th October 2020

Our definition of an apprenticeship is ACCA’s world-leading professional accountancy qualification paid for by the government. Click here for the full article to find out…

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How to successfully swap office life with remote working

Posted on 7th October 2020

The urgent need to minimise social contact in the face of the Covid-19 pandemic has seen accounting practices move rapidly to swap office life for…

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Shattering of the glass ceilings preventing most accountants from enjoying quality healthy lifestyles

Posted on 25th September 2020

We are all part of the nature and our survival depend on it. Most accountants are unfortunately unable to enjoy this simple health benefits due…

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Female empowerment and the ACCA

Posted on 22nd September 2020

Historically, and most notably during the mid-19th century, men were depicted as the providers who went to work and provided for their families, whereas women…

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