No up-to-date financials? There are other ways to show your income.
Running a business means tax returns can run behind. Some lenders will look at other evidence of what you earn.
Sound familiar?
Your tax returns are a year or two behind
The business kept you busy. The paperwork can wait, but the bank says it cannot.
Your income looks lower on paper
Good deductions at tax time can work against you when it is time to borrow.
You haven't been in business very long
Two years of financials is the standard ask. Not everyone has them yet.
It’s not your fault. The standard checklist was built for payslips, not business owners.
Running your own show shouldn't close doors.
There are more ways to show what you earn than a tax return.
The paths worth exploring.
Every situation is different, so we look at yours first. These are the kinds of options we often find. All subject to a full assessment.
An accountant's letter confirming your income
For some lenders, a signed letter from your accountant does the heavy lifting.
Your BAS statements
Quarterly BAS can show lenders how the business is really tracking, right now.
Business bank statements
Steady money in the account tells a story that an old tax return cannot.
Lenders set up for business owners
Alt-doc lending exists for exactly this. We know which lenders do it well.
Judged on his better year, not his worst.
Dave runs his own contracting business in New South Wales. One strong year, then a lean one while a major client dragged out payments. Most lenders wanted to average the two years, and the average told the wrong story.
We found a lender able to work from his most recent strong year on its own. That opened the door: equity accessed, tax debt cleared, and then an investment property purchased as work picked back up.
Details shared with the client’s permission; names and locations changed. Your situation will be different.
Two very different years, and lenders averaging him down.
A lender that assessed his stronger single year.
Equity accessed, investment property purchased.
Let's find your way.
Tell us what’s going on. No judgement, no credit check to chat.