|CEJ CONTRACTOR ACCOUNTANTS|
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As a contractor, providing proof of income for a mortgage or new landlord isn't always straightforward, and to complicate matters, the building societies, mortgage lenders, banks and rental agencies all have their own requirements. If you're lucky, they'll simply ask us to complete an accountant's certificate, which we'll happily do, free of charge and quickly.
But sometimes, they'll start asking for tax returns, SA302's and tax overviews, so here's a guide to help you understand the jargon and plan ahead:
Personal Tax Returns - not all of our contractors have to do a self-assessment tax return, but if you have income other than through your limited company, or you draw more than £30,300 in dividends, or you have a student loan for example, you need to do a self-assessment tax return, and we'll do that for you at no extra cost. We hold this on file for you, so it's simple to get hold of if you need it.
SA302 - This is the calculation of the tax return, and again we can easily send it to you if your lender or landlord requires it.
Tax Overview - this is where it gets tricky! The tax overview is simply a statement of whether or not you have paid the tax declared on your tax return above, and there are 3 ways of getting hold of the tax overview:
This final option will take a week or so to authorise, so our advice to CEJ clients is to let us know if you're thinking about a new house or rental property, and we can get everything set up for you in advance.
Proof of Income is a free service offered to all CEJ clients, and we'll do all we can to make your move as straightforward as possible.