I'm self employed. Will an estate agent accept my books done by a chartered accountant as proof of my income?
I've found the most incredible house to rent and I want to move in asap. The only thing is I'm a self employed teacher and I get my money in cash from my private students. My credit history/ bank statements don't look fantastic because I got married to a man a lot older than me and he's always dealt with the finances, and I've always just paid my way in the household with cash. I've also been really sloppy and I haven't done my tax returns for 4 years. Would an estate agent accept my books verified by a chartered accountant? To prove that I can pay the rent weekly. Thank you 17 hours ago - 3 days left to answer. Additional Details And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's?
Renting & Real Estate - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I dont see why not,try it you have nothing to loose
Answer 2 :
Hello, (ANS) YES! that should be fine. Because if your accounts have been professionally done by a qualified chartered accounant then that should be acceptible as proof of your income. Other than this I cannot see what else they could need bank statements would be acceptible but thats going abit far perhaps? **As long as you can verify your source of income or investments that should be enough proof of how much of a risk you would represent to the person or company you are renting from. They are probably being extra cautious or paranoid in the present economic climate. **I guess they just want to make sure you can comfortable cover the actual rental payments. Kind Regards Ivan
Answer 3 :
If you haven't done any tax returns for 4 years you have been breaking the law. An Accountant will not sign off your books as 'true' as you might owe money to HMRC. Have you registered as self employed?, this has to be done 28 days before you start earning. I think you need to talk to an Accountant pronto. As for the house, highly unusual for anyone to give a 3 month contract.
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Tuesday, January 28, 2014
Tuesday, January 14, 2014
Can you see any sense on the maths below. I am having problems with my employer accountant?
Can you see any sense on the maths below. I am having problems with my employer accountant?
C.P - *** Nursery - March ~ Sepetember 2009 {Wages £6 / My son´s fee £ 10 a day} March: 56 hours / 14 days - £196 Received £178 (£20 cash - £158 cheque) *** Nursery own £18 No payslip April : 56 hours / 14 days - £196 Received £168 (cheque) *** Nursery own £28 on the payslip - 48 hours /£288 May: 44 hours / 11 days - £154 Received £230 (cheque) C.P own £76 on the payslip - 48 hours /£288 June: 60 hours / 15 days - £210 Received £230 (cheque) C.P own £20 on the payslip - 36 hours /£216 July: 135 hours / 23 days - £580 Received £205 (cheque) C.P own £375 on the payslip - 35 hours /£210 August: 131 hours / 20 days - £586 Received £751,90 (bank account) on the payslip - 131 hours /£751,90 (£786 - £34,10 NI ) C.P own £165,9 September: 118 hours / 22 days - £488 Received £160,54 (bank account) *** Nursery own £327,46 on the payslip - 120 hours /£692,94 (£720 - £27,06 NI ) Total ***Nursery own: £748,46 Total C.P own: £261,90 Balance due to C.P £486,56 Total received from March to Sepetember £1.293.44 Total should have received from March to Sepetember £2.410.00 Total shown on the payslip £2.446.84 Total my son´s fee already paid £1.190 Please let me know if you have tips to make it less complicate to understand. I am gonna talk to the accountant on Thursday, tried many times but it never gets sorted.
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi, First of all - sorry if there are any mistakes or i dont make anything easier. But this is how i take things to be... First of all, lets take March: 56 hours x £6 per hour = £336 14 days x £10 a day = (£140) Equals £196 owing to you. However, you received £178, therefore you are owed £18. Continue this onto the following months, using the same method. However, certain months are slightly different, like May for instance. 44 Hours x £6 per hour = £264 11 Days x £10 per day = (£110) Equals £154 owing to you. However, as you received £230, you therefore owe CP £76. If you do this for each month, you can come to a running total as follows. In total, Nursery (you?) are owed £748.46. In total, CP is owed (£261.90) Therefore, you are owed £486.56 (748.46 - 261.90) So, Total money received = £1923.44 You should have received = £2410.00 Payroll total = £2446.84 Sons fees = £1190.00 All picked up from individual monthly break downs. Is this what you are after? If not, let me know and i can try again. I hope this has helped a little! Ant
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C.P - *** Nursery - March ~ Sepetember 2009 {Wages £6 / My son´s fee £ 10 a day} March: 56 hours / 14 days - £196 Received £178 (£20 cash - £158 cheque) *** Nursery own £18 No payslip April : 56 hours / 14 days - £196 Received £168 (cheque) *** Nursery own £28 on the payslip - 48 hours /£288 May: 44 hours / 11 days - £154 Received £230 (cheque) C.P own £76 on the payslip - 48 hours /£288 June: 60 hours / 15 days - £210 Received £230 (cheque) C.P own £20 on the payslip - 36 hours /£216 July: 135 hours / 23 days - £580 Received £205 (cheque) C.P own £375 on the payslip - 35 hours /£210 August: 131 hours / 20 days - £586 Received £751,90 (bank account) on the payslip - 131 hours /£751,90 (£786 - £34,10 NI ) C.P own £165,9 September: 118 hours / 22 days - £488 Received £160,54 (bank account) *** Nursery own £327,46 on the payslip - 120 hours /£692,94 (£720 - £27,06 NI ) Total ***Nursery own: £748,46 Total C.P own: £261,90 Balance due to C.P £486,56 Total received from March to Sepetember £1.293.44 Total should have received from March to Sepetember £2.410.00 Total shown on the payslip £2.446.84 Total my son´s fee already paid £1.190 Please let me know if you have tips to make it less complicate to understand. I am gonna talk to the accountant on Thursday, tried many times but it never gets sorted.
Personal Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi, First of all - sorry if there are any mistakes or i dont make anything easier. But this is how i take things to be... First of all, lets take March: 56 hours x £6 per hour = £336 14 days x £10 a day = (£140) Equals £196 owing to you. However, you received £178, therefore you are owed £18. Continue this onto the following months, using the same method. However, certain months are slightly different, like May for instance. 44 Hours x £6 per hour = £264 11 Days x £10 per day = (£110) Equals £154 owing to you. However, as you received £230, you therefore owe CP £76. If you do this for each month, you can come to a running total as follows. In total, Nursery (you?) are owed £748.46. In total, CP is owed (£261.90) Therefore, you are owed £486.56 (748.46 - 261.90) So, Total money received = £1923.44 You should have received = £2410.00 Payroll total = £2446.84 Sons fees = £1190.00 All picked up from individual monthly break downs. Is this what you are after? If not, let me know and i can try again. I hope this has helped a little! Ant
Read more other entries :
Tuesday, January 7, 2014
I'm self employed. Will an estate agent accept my books done by a chartered accountant as proof of my income?
I'm self employed. Will an estate agent accept my books done by a chartered accountant as proof of my income?
I've found the most incredible house to rent and I want to move in asap. The only thing is I'm a self employed teacher and I get my money in cash from my private students. My credit history/ bank statements don't look fantastic because I got married to a man a lot older than me and he's always dealt with the finances, and I've always just paid my way in the household with cash. I've also been really sloppy and I haven't done my tax returns for 4 years. Would an estate agent accept my books verified by a chartered accountant? To prove that I can pay the rent weekly. Thank you And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's? And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's?
Renting & Real Estate - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
accounts certified by a chartered accountant are the usualy way of proving yr income if ur self employed. the standard tenancy agreement is for 6 months and rent is payable monthly in advance
Answer 2 :
Yes this should sufficient enough.
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I've found the most incredible house to rent and I want to move in asap. The only thing is I'm a self employed teacher and I get my money in cash from my private students. My credit history/ bank statements don't look fantastic because I got married to a man a lot older than me and he's always dealt with the finances, and I've always just paid my way in the household with cash. I've also been really sloppy and I haven't done my tax returns for 4 years. Would an estate agent accept my books verified by a chartered accountant? To prove that I can pay the rent weekly. Thank you And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's? And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's?
Renting & Real Estate - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
accounts certified by a chartered accountant are the usualy way of proving yr income if ur self employed. the standard tenancy agreement is for 6 months and rent is payable monthly in advance
Answer 2 :
Yes this should sufficient enough.
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Wednesday, January 1, 2014
Dishonest NHS Accountant Jailed - end of the matter?
Dishonest NHS Accountant Jailed - end of the matter?
http://news.bbc.co.uk/1/hi/england/essex/7315550.stm My first thought was, good hes getting what he deserves - but when you look at why he did it... It seem more that he lied to keep his job having been asked to do the impossible by his managers...
Current Events - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The buck never reaches the top, you know that.
Answer 2 :
Damn, it's a tough call isn't it? Seems like six of one and half a dozen of the other to me.
Answer 3 :
I don't think he lied to keep his job. He may have lied to get the bonus!! Even then I think that not to be the case. I think the creative accounting was to present a trust which was meeting its targets and would reflect favourabley to inspection. That was wrong. If trusts are unable to provide the services required because of insufficient funding this must be made transparant. If they make a surplus their budget will be reduced in the next fiscal year an services will suffer. Its from that perspective and that alone I believe he did wrong.
Answer 4 :
Yes it's not fair is it politicians don't get prosecuted for real fraud where's the justice.
Answer 5 :
The Government wants cuts. He made it look better than it was by juggling money. The NHS is now not the service it used to be. Everyone is afraid of losing their jobs. Too many at the top and not enough doing the hands on. Think there is more worthy peeps needing jailed though. Half of them in the Government for starters.
Answer 6 :
Congratulate the government and their targets.
Answer 7 :
If every company accountant was jailed for 'creative accounting', there would be none left! Minimising profits is the staple diet of accountants, to cut tax liability. Maximising profits is just as bad because it gives a false impression of the true value and efficiency of a company.
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http://news.bbc.co.uk/1/hi/england/essex/7315550.stm My first thought was, good hes getting what he deserves - but when you look at why he did it... It seem more that he lied to keep his job having been asked to do the impossible by his managers...
Current Events - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The buck never reaches the top, you know that.
Answer 2 :
Damn, it's a tough call isn't it? Seems like six of one and half a dozen of the other to me.
Answer 3 :
I don't think he lied to keep his job. He may have lied to get the bonus!! Even then I think that not to be the case. I think the creative accounting was to present a trust which was meeting its targets and would reflect favourabley to inspection. That was wrong. If trusts are unable to provide the services required because of insufficient funding this must be made transparant. If they make a surplus their budget will be reduced in the next fiscal year an services will suffer. Its from that perspective and that alone I believe he did wrong.
Answer 4 :
Yes it's not fair is it politicians don't get prosecuted for real fraud where's the justice.
Answer 5 :
The Government wants cuts. He made it look better than it was by juggling money. The NHS is now not the service it used to be. Everyone is afraid of losing their jobs. Too many at the top and not enough doing the hands on. Think there is more worthy peeps needing jailed though. Half of them in the Government for starters.
Answer 6 :
Congratulate the government and their targets.
Answer 7 :
If every company accountant was jailed for 'creative accounting', there would be none left! Minimising profits is the staple diet of accountants, to cut tax liability. Maximising profits is just as bad because it gives a false impression of the true value and efficiency of a company.
Read more other entries :
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