Financial plan
An annual forecast is a financial plan showing expected income, costs, and profit for the coming year. It gives you a realistic picture of your financial position and helps you plan with purpose rather than react.
Services
Annual Forecast
An annual forecast gives you as an entrepreneur advance insight into your expected revenue, costs, and profit for the coming year. This lets you adjust early, invest thoughtfully, and better prepare for upcoming tax obligations. TaxMate prepares the forecast in consultation with you, ensuring the figures reflect your reality.
Added value
With a forecast you know in advance whether to expect tax assessments, whether reserves are needed, and when you have room to invest. Banks and financiers often require a forecast when applying for financing.
When to use
When applying for a business loan, scaling your operations, hiring staff, or simply maintaining financial control: an annual forecast helps you make the right decisions at every growth stage.
Annual forecast when applying for a mortgage as an entrepreneur
Applying for a mortgage as an entrepreneur is more complex than as an employee. Lenders have no payslip as proof of income; instead they look at your profit over multiple years and a current forecast for the ongoing year. A professionally prepared annual forecast is a key document: it shows what you expect to earn and supports that with historical figures. TaxMate prepares this forecast in line with the requirements of banks and mortgage lenders, ensuring your application is immediately complete and convincing.
What does the lender expect from your financial forecast?
Banks and mortgage lenders calculate your maximum mortgage based on your qualifying income, typically the average fiscal profit over the past three years. The forecast for the current year plays a decisive role if your income has recently increased: it demonstrates that your earnings are sustainable. A well-founded forecast with a realistic build-up of revenue and costs significantly improves your chances. TaxMate knows exactly what format and content lenders expect and delivers the document accordingly.
How is your qualifying income calculated as a self-employed person?
The qualifying income for a mortgage is based on fiscal profit from your annual accounts, not on turnover. Some lenders use the average of three years; others take the lowest year as the basis; and a limited number use the most recent year if higher. TaxMate maps this out for you and advises on the timing of your application and the best way to present the forecast to optimise your maximum mortgage.
Annual accounts as the foundation of a strong application
A convincing forecast never stands alone, it is always anchored in your historical annual accounts. TaxMate links your forecast directly to your previous years' accounts, creating a logical and credible line in the development of revenue and profit. If you have recently grown, we support that with concrete explanations: new contracts, expanded services or demonstrable client growth.
Three scenarios for greater confidence in your mortgage application
TaxMate works with three scenarios as standard for mortgage applications: realistic, optimistic and conservative. This gives the lender confidence: you show that you understand your own risks. The scenarios also help you make a responsible decision about the mortgage amount, a manageable monthly payment gives peace of mind as an entrepreneur today and in the future.
Why TaxMate for your mortgage forecast?
Preparing a mortgage forecast requires specific knowledge: what lenders expect, how qualifying income is calculated and how accounts and forecast connect. TaxMate guides freelancers and entrepreneurs through their mortgage application and delivers a complete package: historical annual accounts, a supported forecast and if needed a written explanation for the mortgage adviser. This significantly improves your chances of approval.
Financial clarity
Know where you stand, all year long.
An annual forecast provides clarity, prevents tax surprises, and strengthens your position with banks and investors. We create a realistic, well-founded forecast together with you.
- All tax returns filed on time
- Dedicated point of contact
- Insight via MyTaxMate dashboard
- No hidden costs
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