Moore Accountancy June 2022 Newsletter
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Moore Accountancy Update


We realise in today's economy that happy and successful customers are the lifeblood of our business. To ensure that we provide great customer care and be proactive about areas we can improve on, we shall be sending out customer feedback surveys over the next few months. 

If you receive one of these, then we would appreciate your honest opinions - both positive and constructive.

Moore Accountancy will continue with hybrid working for the forseeable future, as on the whole it works with the team dynamics and their welfare, both mentally and physically. 
Please check our autoresponder for details of staff holidays.

Emails will continue to be passed to the relevant team member and dealt with as if they were in the office.

If you have missed any of our previous newsletters, then our website has a backlog of them here.

Stagflation is a combination of stagnant output and rapidly rising prices. 

Stagflation has been in the press a lot lately as analysts fear the toxic cocktail of rising prices and slow economic growth. 

Post-pandemic supply chain bottlenecks, combined with rising energy prices and the economic effects of the war in Ukraine are seen as the main contributors to the current economic challenges. 

The rise in energy prices is already starting to impact the profit margins of businesses. There is also an intense shortage of human capital which is driving up the cost of hiring good people as firms compete to attract the best and brightest talent. 

The cost of borrowing is also starting to increase as interest rates creep higher and higher. This will put businesses and individuals under increased financial pressure. The tone from economists is cautious, with further interest rate increases expected later this year. Consumer confidence is falling somewhat and people are tightening their belts and spending less where they can. 

All of the above combines to make the current trading environment very difficult for businesses. The best way for businesses to combat stagflation is to find ways to improve productivity. Investing in more efficient software or process improvements can help to streamline your business operations and increase productivity without hiring additional employees.

Businesses should also focus on bolstering their balance sheet. During a period of stagflation, revenue may flatline while costs keep going up. As such, businesses should prepare for tough times by minimizing debt and building cash reserves.
* Prioritise cash flow
* Chase down outstanding debts
* Tighten your payment terms
* Negotiate longer payment terms with your own suppliers, if you are able

Stagflation is a tough environment in which to operate any business, so please get in touch with us if you are struggling.


The National Cyber Security Centre (NCSC) has advice and information for Small and Medium sized organisations (SMEs).

NCSC have recently launched their Cyber Security for Small Organisations and Top Tips for Staff awareness e-learning, both of these are enabled to allow you to integrate the package into your own organisation's training platform. 



On 26/05/22 the Chancellor announced a package of measures to help households dealing with domestic energy bills paid for by a new Energy Profits Levy (Windfall Tax) on the profits of oil and gas companies.

Many were suggesting that the chancellor would also remove the current 5% VAT rate on domestic fuel but that that was not announced. Maybe he is keeping that one up his sleeve for the Autumn Budget.

There has also been a suggestion that he might cut the general rate of VAT to stimulate the economy and at the same time reduce inflation, but we do not expect these changes to happen this quarter.


The UK government have launched a new website to help you find the support available to you to help with the cost of living.

Find out about:
•    Supporting your income
•    Help with your bills
•    Help with childcare costs
•    Housing support
•    Help with transport costs
•    Help finding work

For further information visit: Cost of Living Support  


19/06/22 - PAYE & NIC deductions for month ended 05/06/22 (May payroll) 

30/06/22 - Corporation tax due for year to 30/09/21

06/07/22 - P11d and P11d(b) returns to be filed for 2021/22

19/07/22 - P11d Employer NIC payments to be made

19/07/22 - PAYE & NIC deductions for month ended 05/07/22 (June payroll) and Q1 (if paid quarterly) 

31/07/22 - Corporation tax due for year to 31/10/21

19/08/22 - PAYE & NIC deductions for month ended 05/08/22 (July payroll) 

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Moore Accountancy · 1 Northway · Altrincham · Cheshire, WA14 1NN · United Kingdom

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