Generally, the income of self-employed borrowers is verified by obtaining copies of personal (and business, if applicable) federal tax returns for the most recent two-year period. However, based on your entire financial situation, we may not need full copies of your tax returns. We'll review and average the net income from self-employment that's reported on your tax returns to determine the income that can be used to qualify.

Yes! Some lenders offer an N.I.Q. (no income qualify) mortgage where they use your stated income to qualify, on approved credit. You still get favourable rates and, depending on the lender, could get up to 100% financing!

Absolutely. We have access to 100's of mortgage loan programs, including no-income verification mortgage programs (where you don't have to show your income at all to qualify for a mortgage), and even self-employed mortgage programs: where you can still get a mortgage even if you don't have consistent income.

No. Either a PE or LS in your company must verify or a PE or LS outside your company who has knowledge of your engineering or land surveying experience.

owner is considered self-employed if their business is not a partnership or a corporation and is owned but just one person (a sole proprietorship). The Workers' Disability Compensation Act covers employees of a sole proprietorship, but the person who owns the business, the sole proprietor, is not an employee of anyone and accordingly is not covered by the Act. top

YES. We can help you if you're self employed whether you have three years trading accounts or no proof of income.

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We can help! Because we're specialists within the vehicle finance business, we concentrate our efforts in removing barriers, making it easier for everyone to apply for vehicle finance, whatever their circumstances.

You may be able to take an immediate expense deduction of up to $110,000 for 2007, for equipment purchased for use in your business, instead of writing it off over many years. Additionally, self-employed individuals can deduct 100% of their health insurance premiums. You may also be able to establish a Keogh, SEP or SIMPLE plan and deduct your contributions (investments).

The Fire Safety Order applies to all premises including those occupied by the self-employed. You will need to carry out a fire risk assessment and have an emergency plan appropriate for the premises you occupy.

To avoid penalties you must file your income tax return by June 15th, 2004, however if you have a balance owing you must make your payment by April 30, 2004.

Yes. We have access to a large number of loan and mortgage products that will accept incomes that are self certified i.e. you cannot provide any other proof of income such as a letter from an Accountant etc. Our professional underwriters will contact you, in the strictest confidence, and discuss the options available to you.

If you are self-employed you need to take the same action to protect yourself as an employer takes to protect employees, and to use protective equipment on the same basis as employees. Employers also need to take action to protect those who are employed by them to work at home.

Yes, you must provide two years earnings statements indicating your income level. See your lender for more information.

Health and safety law applies to all businesses however small. It covers employees, full or part-time, temporary or permanent; self-employed; young people doing work experience; apprentices; charity workers; mobile workers and home workers. Even if you are self-employed, and do not have employees, you still need to assess health and safety risks which may affect you and others, eg other contractors, office staff, members of the public.

Answer: We look to the borrower's Schedule E, or actual leases, rental letters or estoppel certificates. We also do loans with no income verification (NIV). These loans look to the property to have sufficient net income and we do not look at the borrower's income to support the payments.

Consider setting up and contributing as much as possible to a retirement plan. These are allowed even for sideline or moonlighting businesses. Several types of plan are available: the Keogh plan, the SEP, and the SIMPLE.

Income Protection Insurance is available for employed individuals, self-employed individuals, contract workers and housepersons. Employed workers base their benefit on their gross annual salary, this will need to proved in the event of a claim. Self employed workers will need to base a benefit on their pre-tax profits from their business after deduction of trade expenses. Upon event of a claim they would need to prove this income.

No. People who are self-employed, partners or S-Corporation shareholders aren't really considered employees, which is why they don't qualify for pre-tax employer contributions. However, your contributions are eligible for an above-the-line deduction on your tax return.