Post
by Cakebiscuit » Tue Aug 23, 2011 7:20 am
Also i submitted bank statements to corroborate the amount on the invoices. I used my personal bank account because i am sole trader .I did not need to open a business bank account.
Responding to the last post:
1) Public & product liability insurance document for protecting your business. -No, i didn't because i am a sole trader and not a company
2) Profit and loss statements -Yes, i included this from the accountant. That was why i said accountant letter, i mean all the document listed on the guidance note for me to produce from Accountant.
3) Balance sheet -Yes, i included this from the accountant
4) Income certificate from accountant to prove your earnings-I dont know what you mean by this but the accountant did a breakdown of my income each month and a cover letter stating my net profit and the type of business i do
5) The amount i used to prove my point is net profit after expenses has been deducted. This is the actual amount that would be taxed.
Hope this helps