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From: Anonymous
Here's a curly question for the finance brokers & others in the know on the forum.
Banks refuse to give me normal finance terms
without good financials. If I provide good
financials, then I will be paying a heap more in tax and there fore really defeats the purpose !
To get around this self employment problem,
I am thinking of restructuring my business profits so It looks like I am an employee of a separate entity not connected to me in any way.
Comments please, others must have had to do this in the past? I am not really being dishonest as you are still earning the income claimed, but it just appears in a different way .
Question : If I can provide letter from my employee, pay slips, year to date figures, & provide a contact phone number etc.
1-What is the chance the financier will ring to check my employment?
2-What is the chance the financier would request a past group certificate or tax returns?
Regards
A pissed off self employed person !
Here's a curly question for the finance brokers & others in the know on the forum.
Banks refuse to give me normal finance terms
without good financials. If I provide good
financials, then I will be paying a heap more in tax and there fore really defeats the purpose !
To get around this self employment problem,
I am thinking of restructuring my business profits so It looks like I am an employee of a separate entity not connected to me in any way.
Comments please, others must have had to do this in the past? I am not really being dishonest as you are still earning the income claimed, but it just appears in a different way .
Question : If I can provide letter from my employee, pay slips, year to date figures, & provide a contact phone number etc.
1-What is the chance the financier will ring to check my employment?
2-What is the chance the financier would request a past group certificate or tax returns?
Regards
A pissed off self employed person !
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