“Fawcetts have provided me with excellent financial support and advice during 2 business start ups and continuing growth. I have a dedicated adviser, Nick Jones who plays a key role in the management and strategic direction of my company and is always accessible for routine and impromptu meetings. Through personal experience i have experienced that the size and scale of a business is immaterial to Fawcetts – the commitment is always the same and they really make you feel as though you and your business matters. I have recommended Fawcetts and Nick to my colleagues and will continue to do so. ”
Lou Whiting – Salisbury
“Fawcetts take a very professional approach via every point of contact. We have found each member of their team to be approachable, friendly and most importantly experienced and knowledgeable. The management team would not hesitate to recommend the services of the Fawcetts team to any business regardless of size and industry”
G Blamire – Salisbury
“Fawcetts introduced me to the magical system of Xero at the Salisbury Business Expo and I am so pleased that they did. James at Fawcetts took all the hassle out of managing my business finances and has been a constant source of information and help since hiring him. I would highly recommend anyone to use James’s accounting services and the fantastic system that is Xero.”
Jack McConnell – Bath
“Having met James at a local networking group I liked his friendly, supportive and personal approach and knew I could build a strong professional relationship. I have been very impressed by the service and support I have received and I’m looking forward to working with Fawcetts to grow Travel Waves Marketing to the leading Marketing Services Company here in the South West.”
Claire Riches – New Forest
“A breath of fresh air’ – Straight forward, understandable, approachable, informative, good value accounting. Xero accounting is so quick & simple to use!! Thank you. I enjoy my side of the deal now! ”
Sue S, Devizes
“Fawcetts provide excellent support tailored to our business needs. They are always available for advice and have a reassuring and professional approach that makes you feel as though you are their only client. James Hayes has expertly guided us through the process of choosing and implementing Xero as our new accounting system. We have found Xero to be user friendly, intuitive with many intelligent processes. Importing bank transactions to reconcile is a quick and easy task. James helped us utilise the tracking facility to enable us to look at profitability for each individual project. The flexibility of a cloud based system means we have access to financial information anytime, anywhere.”
Brian Keane– Stockbridge
“We have found Nick to have an exceptional ability to grasp the issues we have as a law firm operating internationally. His advice is always clear and candid, and he has demonstrated a flair for lateral solutions to many of the problems we have. He helped us to manage our set-up and has guided us as we grow, and is considered to be one of our most trusted advisors.”
Andy Leppard – Somerset
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Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications.
Until recently accountants and workers themselves have been able to obtain a paper copy of form SA302 that lenders require in order to complete the mortgage application process.
However, from 4 September 2017 HMRC has confirmed that it will no longer issue paper copies and will instead provide digital versions.
This will make the process of securing a mortgage more difficult for self-employed workers and may even further restrict the number of lenders that will offer a mortgage, with reports already coming in of lenders insisting on original paper copies rather than electronic printouts.
Self-employed individuals and their advisers will be required to supply the relevant year’s tax computation, printed from the adviser’s software, along with the tax year overview that advisers can print from HMRC’s online services website, in order to act as a self-serve SA302 that will satisfy lenders.
HMRC has already undertaken discussions with UK Finance, formerly the Council of Mortgage Lenders, about lenders’ requirements. However, the list of lenders who will accept self-serve SA302 forms omits some big high street names.
Many accountants are therefore reminding self-employed individuals to check their lender’s requirements early on in the mortgage application process.
LINK: SA302 Tax Calculation