Reply to: SJD (Manchester) Service Going Down The Pan?

[noddy2]

Sadly i got notice of him leaving right on my year end so too little time to move this FY. I know where he has gone if that would help....?

It would please - I was on holiday when he left so didn't even have chance to wish him well and ask where he was going thanks!

[Eirikur]

Antonio by any chance?

Yep

[ceebeepps]

Snap! Which was a real shame, as Antonio was great.
I'm also looking for a new accountancy.

Sadly i got notice of him leaving right on my year end so too little time to move this FY. I know where he has gone if that would help....?

[noddy2]

Antonio by any chance?

Snap! Which was a real shame, as Antonio was great.
I'm also looking for a new accountancy.

[d000hg]

SA302 seems like a step forward to me, although when we were last looking our IFA juggled accounts, SA302 and other things for each lender to put things in the best light. Made me feel it was a service worth using

[ceebeepps]

Hemel Hempstead office is also not doing well. new accountant every 6 -12 months and my last one left a month ago and no replacement so far.

Antonio by any chance?

[JB3000]

Many lenders are now accepting Sa302 forms as proof of income but of course they only show what comes out of the business as opposed to in. HBOS, I understand, now ask for SA302"s as default rather than accounts.

Barclays require signed accounts.

Do you do them? And if so, how much do you charge (one man band ltd on free agent)?

[LondonManc]

So if your money is in the business more than paid out, they can't help?

Correct. But they don't know your cost base/money that you need to retain versus what you consider your warchest. HSBC seem keen on your warchest being in a personal account rather than a business account.

[Alan @ BroomeAffinity]

So if your money is in the business more than paid out, they can't help?

Pretty much. They'll lend based on withdrawals from the business. Thinking of accounts refs I've completed recently many lenders are only interested in what's taken out. Santander don't even ask about turnover or profits, just salary and divis - I think.

[PerfectStorm]

Many lenders are now accepting Sa302 forms as proof of income but of course they only show what comes out of the business as opposed to in. HBOS, I understand, now ask for SA302"s as default rather than accounts.

So if your money is in the business more than paid out, they can't help?

[LondonManc]

Many lenders are now accepting Sa302 forms as proof of income but of course they only show what comes out of the business as opposed to in. HBOS, I understand, now ask for SA302"s as default rather than accounts.

Same goes for HSBC. The new rhetoric for banks, as of spring last year, is apparently to get lending more but be more careful who you lend to.

[Alan @ BroomeAffinity]

Anyone can sign a mortgage statement but whether the bank accepts it depends on the bank. If there is someone who is ACCA you should be ok. Some accept AAT.

Many lenders are now accepting Sa302 forms as proof of income but of course they only show what comes out of the business as opposed to in. HBOS, I understand, now ask for SA302"s as default rather than accounts.

[Waldorf]

Usually only owners/directors of an accountancy practice would be required to hold a practising certificate, so employees of SJD or any other accounting company would not normally hold one.

Anyone can sign a mortgage statement but whether the bank accepts it depends on the bank. If there is someone who is ACCA you should be ok. Some accept AAT.

[JB3000]

I am unsure why you think this. SJD have a number of staff that hold practicing certificates.

Martin

Can these staff sign accounts for mortgages?

Is there an extra charge for this?

[ContrataxLtd]

Without a directory of SJD's staff I don't see what you could be looking for.

We are not an ACCA registered firm, nor have we claimed to be. We are no longer regulated by an Accounting body, the reason for this is because the owners of the business do not hold the necessary accounting qualifications.

Having said that, we have far more qualified staff than any of our competitors. If I were a paying client, I would be more interested in the qualification level of the staff and management doing the day-to-day work, than that of the owners.

Thanks Martin, you've provided the clarifications I was after in terms of regulation etc.

Again, my apologies for any confusion I may have caused too. I was more relating to the firm being regulated by an accountancy body post takeover rather than individual staff and the practicing certificate side of things.

I would also agree with you that the qualification level of the staff/management doing the work is the most important factor rather than that of the owners.