Owner managed businesses
Running an owner-managed business – whether you’re starting out on your own for the first time or are the latest in a long line of generations to take the reins – means that you are constantly juggling dozens of different demands.
That’s why you need advisers you can trust to help you run your business in the most cost-effective and efficient way, identify and make the most of new opportunities and to plan for the future, so that your business can continue to develop and grow in the longer-term.
At Fawcetts accountants in Salisbury, we can help to free up your time, so that you can concentrate on running and building your business, by dealing with day-to-day financial issues, including bookkeeping, payroll and VAT.
If your business needs are more complex, we offer expertise to assist with business strategy and planning and corporate tax planning.
We can use our experience in raising finance to help you if you’re planning investment and growth and support you every step of the way with mergers, acquisitions and sales.
When it comes to passing on your owner-managed business, whether it’s to the next generation or through an in-house takeover or external sale, we’ll also make sure your succession and retirement planning starts well in advance so everything is in place for a smooth transition.
For more information on Fawcetts accountants’ services for owner-managed businesses in Salisbury, please contact us.
Millions of people from across the UK could be paying more tax than they need to, it has emerged, after figures from HM Revenue & Customs (HMRC) showed that more than 15 million individuals have not checked their Personal Tax Accounts.
The figure means that less than half of taxpayers have accessed their accounts, risking errors in the amount they pay.
Personal Tax Accounts were introduced by the Revenue in 2015 and include details of income, state pension records and National Insurance contributions.
They were intended to make taxpayers responsible for ensuring they are on the correct tax code.
Personal Tax Accounts can be accessed at gov.uk/personal-tax-account. Registration requires your name, an email address and a password. This will generate a 12-digit Government Gateway ID which will be needed in future when you log in.
You will also need to enter a phone number to generate a separate access code, which will be sent by text or automated call.
To access your account, you will be asked to enter information from a passport, payslip or P60 as well as to answer some security questions.
Under the income section, you will find information on your tax code, including deductions made by HMRC.
It is worth checking your Personal Tax Account as soon as possible. Figures show that 6.7 million people paid the wrong amount of tax last year because their tax code was wrong.
Link: Is your online tax account fiddled with mistakes?
"Fawcetts take a very professional approach via every point of contact. 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
"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."
Lou Whiting - Salisbury
"James has always gone beyond the traditional approach of just accounting for what we have already done and continues to help us develop our company in testing times."
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"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!"
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Jack McConnell - Bath
"James has been a huge help to me as I look to incorporate Creativemint, talking me through all the options, offering advice and helping me to feel relaxed and happy about the transition and services I will need."
Miles Murray - Salisbury
"Nick has been a great help year on year providing my business with efficient services and ever useful and practical advice."
Mrs Zanne St John Marchmont
"We have found Nick to have an exceptional ability to grasp the issues we have as a law firm operating internationally. 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."
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Julian Bennett - Bournemouth