Audit and assurance

Our audit services include: Business Audit, Charity Audit and Internal Audits.

As a firm of accountants, a significant part of our business is delivering cost-effective and added value audit services for clients.

Our audit clients range from small but growing private companies to not for profit and private clients. Our not for profit team provides audit services to a variety of not for profit organisations of varying sizes, services and organisational structures.

Our clients benefit from our audit services for the following reasons:

Client centred and experienced partners

Your audit will always have at least two experience partners, who will provide hands on involvement with the audit team and the audit process during the life of the audit. One will act as the engagement partner the other will be a backup and kept up to date with the audit process and progress. The engagement partner will remain available for discussions/ questions and will be ready to provide advice.

All year long contact

Our contact with you will not just be during your audit period but throughout the year. We recognise that we might be able to be of help in terms of providing advice and assisting with problems or challenges. We welcome contact with you and will schedule regular calls and / or emails with your organisation’s directors and finance team. Rest assured that this contact will all be part of our service to you, and minor matters will not usually incur an additional fee. Your contact will extend from your partners in charge to managers who will work on your audit.

Staff you know

You can rest assured that there will not be unsettling changes in the staff that deal with you and your organisation. We understand that a successful, efficient and quick audit is dependent on staff at Moracle knowing the particulars of your operations and not constantly having to spend time learning about your operations and structures.

Tax services

Corporation tax

The team will ensure your tax charge is managed and tax in other areas of your business affecting shareholders’ wealth and employee benefits is minimised.

An efficient, cost effective compliance service assures the fiscal obligations of your business are met to the benefit of your business.

Self Assessment

We offer a Self Assessment filing service for our clients and will make your tax filing as simple as possible.

You will need to register for Self Assessment if you know you have additional taxable income

We can register you for Self Assessment, please call 07939 017649 for more information.

Sole Trader Accounts and Tax

Self Employed people are taxed on the Profits of their business under the Income Tax system, i.e. not on the money they take out of the business.

Year End Accounts are prepared first. Tax on the business, along with other personal income, is then calculated as part of the Self Assessment process.

Class 2 National Insurance and Class 4 National Insurance are also payable, if your Profits are greater than the thresholds.

To summarise, if you have not registered your business as a Limited Company, you are regarded as being Self-Employed by HMRC and you will be taxed under the Income Tax rules.

We recommend that you start the accounts and tax process in good time. We also believe that your Year End Accounts should be prepared for your own benefit, and we will help you understand them.

Tax is frequently the only reason why businesses prepare their Year End Accounts. As a result it can be quite stressful and gets low priority. However, delays can be costly.

Penalties are charged by HMRC if a Self Assessment is filed late.

When do I need to pay my Income Tax under Self Assessment?

Income Tax must be paid by 31st January for the previous tax year. Eg, for Tax Year 2017/18, ended 5th April 2018, Income Tax is payable by 31^st January 2019.

Tax Services

Our Services can save you the time and the hassle. We will prepare your Income Tax calculations and Self Assessment and submit them to HMRC.

Our Tax Services also include: • VAT • Payroll / PAYE • P11D • CIS

VAT

Value added tax is one of the most complex tax regimes imposed on businesses – so complex that many businesses and not-for-profit organisations inadvertently overpay or underpay VAT.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to.

Our integrated VAT planning and compliance services include:

• Assisting with VAT registration
• Advising on VAT planning and administration
• Using the most appropriate scheme
• Reconciling VAT and control measures
• Helping with the completion of VAT returns
• Planning to minimise future problems with Customs and Excise including dispute resolution and representing you at VAT tribunals

Consultancy services

Businesses’, Individuals and Charities

Business Consultancy

During the life of any organisation, there are challenges and opportunities it faces for which its internal skills are found wanting. Whether the issues are around growth being restricted by inadequate structures or loss of opportunities; Moracle might be able to help you through any difficult times.

We can draw on our wide experience with delving into different sorts of organisations and the breadth of our associates to help you resolve any management, organisational, business development, marketing, human resources, governance or financial issues. We can provide this help to companies, not for profit organisations and individuals.

If you wish to have a confidential conversation about any concern which is facing your organisation please contact our Consultancy Partner Dr. Jacqui Wilkinson. We may be able to give some insights or advice and if the issues are complex and require more work from us we can agree a level and range of engagement and an appropriate fee.

The following are a sample of different scenarios we might be able help you with:

Organisational & Governance

• The need to improve organisational structure, procedures and process for an organisation that is seeking growth
• Help in developing a business plan as a tool for long-term organisational planning.
• A charity needs help in developing trustees
• The development of a risk management strategy and structures
• Human resources and staff development gaps and challenges
• Establishing internal audit function
• Interim or Transition management
• Change management

Income Generation

• A need to rethink a Fundraising Strategy in the face of lost of funding, contract or grant
• A need to develop a sales, marketing, PR or communications plan

Private individuals

• • Identifying appropriate professional advisers (lawyers, financial planners etc)
  • Rationalising complex personal and business portfolios

Company secretarial services

Your Company filings and statutory obligations!

Complying with all of the composite parts of the Companies Act can restrict the time you invest in your business.

Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors.

Put our company secretarial service to work and we’ll relieve the pressure by carrying out all of these duties for you – ensuring your compliance. Above all, we provide you with the ability to focus on profitable, income generative activity.

 Our integrated company secretarial services include:

• Preparing and filing of statutory returns
• Helping you comply with the Companies Act
• Preparing of all documentation related to minutes and resolutions
• Maintaining your statutory books
• Providing general advice on company law
• Updating you with new legislation
• Filings with the Charity Commission

Outsourcing services

Outsourcing your Company’s internal accounting

Our outsourcing accounting services include:

• Emergency cover for finance function
• Bookkeeping
• Payroll
• A full range of Accounting services

We give you time to focus on running your business. We can help both you and your team by taking care of all the elements of your bookkeeping and accounting needs.

Our clients see us an integral part of their businesses. First, we listen to your needs and gain a full understanding of your business. Then, we structure the components of each of the services you need in an integrated and transparent way.

Financial information and advice is vital to the success of a business. Every business needs to prepare accounts, whether weekly, monthly or annually to suit their own periodic information needs. We prepare annual accounts for our clients and, if asked, their bankers and HMRC. If you’re a company or charity, we need to make sure that your annual accounts comply both with the Companies Acts, Charity Commission and with current accounting standards.

Our integrated emergency cover, bookkeeping and accounting services include:

• Conducting your bookkeeping
• Preparing your Annual Accounts
• Maintaining your VAT records
• Preparing your Management Accounts
• Taking on short-term projects to relieve your team of administrative overload
• Preparing and auditing your pension fund
• Preparing for statutory audit

Training programme

Basic Bookkeeping

This 3-day Bookkeeping and VAT training is designed to help you get a practical understanding of recording, monitoring and processing transactions in a real work environment.

Course Content

• How to set up a new supplier or customers, also set the Vat rate
• How you create a new company by using sage or QuickBooks.
• Error corrections
• Set up a new company and a chart of accounts
• Record transactions.
• Client invoicing.
• Post Petty Cash.
• Post Credit Notes, Write offs and Bad Debts.

Fees and Apply

This course costs £350. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return booking form to book your place on the course.

Download Booking form

Advanced Bookkeeping

This 3-day Bookkeeping and VAT training is designed to help you get a practical understanding of recording, monitoring and processing transactions in a real work environment.

Course Content

• Reconcile office cash book against bank statement
• Extract Trial Balance
• Producing reports
• Analysis and understand the ledger
• Understanding and passing journals
• Record Opening balance
• Excel Spreadsheet Book-keeping and Bank Reconciliation
• Performing Debtor Analysis Credit control procedures
• Deal with VAT, including VAT Bad Debt Relief.
• Computerised Book-keeping, Bank Reconciliation & VAT
• Prepare the Profit and Loss Account and Balance Sheet

Fees and Apply

This course costs £450. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return booking form to book your place on the course.

Comprehensive payroll

This 2-day Payroll training is designed to help you get a practical understanding of manual and computerised payroll in a real work environment.

Course Content

• Introduction to Payroll (PAYE forms, codes, allowances and rates, etc.)
• Manual Payroll (computing gross salaries, net pay, pensions, NI and PAYE)
• Computerised Payroll Software (Using Sage 50 Payroll to run the payroll for a company)
• Statutory Payments (computing SSP, SMP, SPP, SAP)
• PAYE tax return filing
• Payroll Administration (preparing payslips, reports and P45’s)
• Salary reports and salary journals

Fees and Apply

This course costs £250. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return booking form to book your place on the course.

Professional Accounting Level 1

This 4-day Accountancy training is designed to help you get a practical understanding of performing accounting procedures following the bookkeeping level in a real work environment.

Course Content

• Understand the Trial balance
• Preparation of schedule for accounts preparation
• Vat Reconciliation
• Adjustment of Trial balance
• Fixed asset and depreciation
• Accruals and Prepayment

Fees and Apply

This course costs £700. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return booking form to book your place on the course.

Download Booking form

Professional Accounting Level 2

This 4-day Accountancy training is designed to help you get a practical understanding of performing accounting procedures following the bookkeeping level in a real work environment.

Course Content

• Sales ledger and purchase ledger
• Production of trial balance
• Bank reconciliation
• Balance sheet
• Adjustment of Trial balance
• Depreciation
• Import of CSV in Iris
• Accrued and Prepayment
• Preparation of schedule and production of statutory accounts
• Management Accounts

Fees and Apply

This course costs £850. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return Booking form to book your place on the course.

Advanced Excel

This 2-day Excel training is designed to help you understand how to effectively use Excel to speed up your tasks and work efficiently in a real work environment.

Course Content

• Introduction to Excel Advanced Formulas
• Tables and formatting
• Conditional Formatting and Data validation
• Advanced Charting
• Pivot tables and Pivot reporting
• VBA and MACROS
• Using Excel productively
• Data tables, simulation and solver
• Integrating excel with other tools

Fees and Apply

This course costs £495. Booking 2 courses entitles you to a 5% discount.

£100 deposit is required to secure your booking and the balance is payable on the first day of the training.

Return booking form to book your place on the course.

CFO Services

The modern chief financial officer (CFO) skills set have become broader. To explain and make sense of complex financial data, CFOs are increasingly expected to possess strong analytical and communication skills. They are also required to master areas outside finance including regulation, risk management, business transformation, supply chain management, reporting, human capital management and finally, IT.

The evolving CFO–CEO relationship is pushing CFOs to play a more active leadership role and reconsider their traditional approaches to overcoming cost pressures, identifying inefficiencies and finding new investment opportunities. It comes as no surprise, therefore, that today’s CFOs are pressured to enhance their skill set. In this digital age, CFOs are expected to increasingly rely on the automation of key business processes and relying more on technology to transform data into actionable insights.

These newly required skills don’t just present challenges but also opportunities as they allow aspiring CFOs to stand out. However, many companies aren’t ready yet to attract the talent they need. Investment in systems and processes hasn’t evolved with the changing demands of the CFO role and having the necessary skills to take full advantage of data isn’t always an HR priority.

At Moracle we offer Outsourced CFO services where our financial experts provide financial strategy services on a part-time or project basis. We also help an organisation resolve challenges such as cash flow issues, raising capital, solving tight margins, implementing more efficient systems, or preparing for growth.

Our Virtual CFO service will supervise a client’s staff to perform various financial and accounting tasks. To be most effective, our Virtual CFO expert will supervise a team providing Virtual bookkeeping services. Our Virtual CFO experts can be retained to manage a client’s staff to make them more efficient and effective.

Depending on the size and the growth stage of your organisation, we provide a flexible engagement model, enabling you to increase/decrease engagement levels, thereby giving you the opportunity of having the best CFO talent assisting you, based on your needs. Our ongoing Virtual CFO retainer engagements can be as low as 2 hours a week and can go as high as 35 hours a week. This flexible engagement model will help you keep your CFO costs variable and low but the experience will always remain enriching and memorable.

With our outsourced accounting function, we assist you take charge of your cash flow, your financial strategy and ultimately your company’s future.

Why not give us a call to see if we can help? And maybe that financial headache can be outsourced too!