As a freelancer or entrepreneur you have no payslip or annual income statement to prove your income. Yet mortgage lenders, municipalities and other government agencies regularly ask for official proof of income. TaxMate prepares an income statement based on your administration and annual figures, so you can always demonstrate your income as a self-employed person reliably and with solid backing.
An income statement is an official document, prepared by your bookkeeper, that confirms your income as a self-employed person based on your annual figures and tax returns. For freelancers and entrepreneurs this declaration replaces the payslip or annual income statement that employees use to prove their income.
You need an income statement when applying for a mortgage, renting a home, benefits via the Tax Authority, student finance from DUO or schemes from your municipality and the UWV. Increasingly, agencies request substantiated proof of income from a recognised bookkeeper.
You tell us the purpose and period for which you need the statement. We retrieve the data from your administration, review your annual figures and prepare an accurate statement that meets the requirements of the relevant agency. After review you receive the document, ready to submit.
Applying for a mortgage as a self-employed person works differently than as an employee. Lenders cannot rely on a payslip but assess your income based on your taxable profit over several years. An income statement from a recognised bookkeeper summarises these figures clearly and gives the mortgage adviser the insight they need straight away. TaxMate prepares the statement in line with the requirements of banks and mortgage lenders, so your application is complete and credible and you gain clarity about your maximum mortgage sooner.
It is not only mortgage lenders who ask for proof of income. The Tax Authority (for benefits), DUO (for student finance), municipalities, the UWV and landlords often want to see a substantiated income statement too. For freelancers and entrepreneurs without permanent employment this is hard to prove without professional backing. TaxMate provides a statement that matches the specific requirements of the agency, so your application for a benefit, scheme or rental home runs smoothly.
An entrepreneur's income is not determined by revenue but by taxable profit after deduction of costs, entrepreneur allowances and any reserves. Many agencies also look at the average over recent years to obtain a stable picture. TaxMate maps out your actual income position clearly, backed by your annual accounts and income tax returns, so the statement provides a realistic and reliable picture of your income.
Employees prove their income with a payslip or annual income statement from their employer. As a freelancer or entrepreneur that document does not exist, your income follows from your own administration and tax returns. The income statement is the self-employed equivalent: proof of your income prepared and substantiated by a bookkeeper. This means you are taken just as seriously by agencies used to dealing with employee payslips.
The statement contains an overview of your revenue, profit and income over the relevant period, linked to your annual accounts and income tax returns. We also state your tax position and, where relevant, an explanation of special items or your income development. TaxMate ensures the statement contains exactly the data the relevant agency requires, no more and no less.
A reliable income statement requires knowledge of exactly what mortgage lenders and government agencies expect. TaxMate is a recognised accounting firm with extensive experience supporting freelancers and entrepreneurs with mortgage applications, benefits and other schemes. We combine your annual accounts, returns and a substantiated statement into one complete package, typically ready to submit within a few working days.
Whether you are applying for a mortgage or arranging a benefit with a government agency: TaxMate prepares a substantiated income statement based on your annual figures, typically ready to submit within a few working days.
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