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Someone posted earlier that ANZ (when applying for construction loans/home loans) only take 1 year for notice of tax assessment if you're self employed. is this true?
If you take out a joint app, they need just 1 year (latest) of both individuals?
Do they need any other paperwork?
Someone posted earlier that ANZ (when applying for construction loans/home loans) only take 1 year for notice of tax assessment if you're self employed. is this true?
If you take out a joint app, they need just 1 year (latest) of both individuals?
Do they need any other paperwork?
Does this then mean it becomes a 60% lo doc or is it their standard loan?
Does this then mean it becomes a 60% lo doc or is it their standard loan?
Thanks guys.
On the website it requests business tax return, P&L and Balance Sheet - do many sole traders provide this? Might have to give them a call.
Self employed
1 year Individual Tax Return and accompanying ATO assessment notices
and;
1 year Business Tax Return, Profit and Loss Statement, and Balance Sheet.
cheers.
Thanks guys.
On the website it requests business tax return, P&L and Balance Sheet - do many sole traders provide this? Might have to give them a call.
Self employed
1 year Individual Tax Return and accompanying ATO assessment notices
and;
1 year Business Tax Return, Profit and Loss Statement, and Balance Sheet.
cheers.
P & L and Balance Sheet are not mandatory for sole trader. Not everyone has them prepared.
Not everyone gets approved for loans either.
If credit chases for a simple document, one tends not to argue with them, especially where you are using a lender that has a a deep niche which isnt easily replaced by another lender
ta
rolf
And the very fact that this simple document is probably the heart of a business. What sort of business owner doesn't regularly track how their business is going?
pinkboy
Ones who live hand to mouth and use every dollar earned as drawings