Some banks and lending companies may ask you to show proof of income if you qualify for Social Security payments, or have other income during retirement. Are you applying for a mortgage while on maternity leave? First home buyers in South Australia may be eligible for a $15,000 grant. First, you must start the letter with a proper letterhead. On your accountant’s company letterhead, including contact numbers and the firm’s Australian Business Number (ABN). Now, © 2021 The Trustee for the Dargan Financial Discretionary Trust | Australian Credit Licence: The introduction of your letter can start with a statement saying that you, as the confirming authority of the company, certify that the individual concern is employed in the company. If you have any further queries please do not hesitate to contact me on 02 0000 0000. Find out why lenders require it & how you can get one before settlement. To register a South African Close Corporation (CC) visit www.saclosecorporations.com . This is your ultimate guide to FHOG in NT. I confirm that the Borrower is a registered tax payer with the Australian Taxation Office (‘ATO’) and have lodged their most recent tax return for ATO assessment of income tax. These payments given to you by your employer or client is reflected in your bank statements. Aside from an income verification letter, banks or lending companies may require other proof of income. In addition to this, the lender may also ask for an employment verification letter in order to demonstrate that the borrower has a steady source of income. After the letterhead, you include the date when the letter was made or written. If you’re a non-resident, do you have all of your paperwork in order to apply for an Australian home loan? A direct deposit statement is a reliable proof of income because it shows that you have a constant source of income through your employer. The documents required to process your mortgage application vary depending on the type of loan. The First Home Owners Grant Queensland is a one-off payment to help first home owners manage the costs of buying a home. They were very transparent about all aspects of the process.”, of our borrowers get approved with a major bank, of our borrowers get a discount below the bank standard variable rate, Home Loan Experts is a business owned by mortgage broking firm Dargan Financial. I have acted as an accountant and tax agent for the above mentioned client since 1/1/2010. It helps the employee have a chance of getting his/her loan application be approved by the bank or lending company. The lender requires for this king of document in order to make sure that the borrowing party is capable of paying the loan. PO Box 3726 Rhodes Based on enquiries with the director and recently lodged BAS, it would be reasonable to expect the income from John’s business in the next financial year to be equal to or better than that in the most recent 2009/2010 financial year. Shawna Easton Director of Accounting GMC Associates 17 Chestnut Street, Ste. There are many more situations where the lender may require a letter from your accountant. An income verification is an important document because it helps provide a full picture of the borrower’s capacity to pay the loan or debt. Adam Johnston Contain the name of the person who signed the letter. Insert other duties and skills of the employee as per the need. We get a complete understanding of where you’re at and what your ultimate goals are. They provided very clear information and responded to any queries quickly. Thank you for getting me a great deal with a home loan that really suited my needs....”, “ ...absolutely outstanding!!!! This letter is often produced before the landlords, income tax department or banks as to give a proof that the concerned person is capable enough to take his/her responsibility. Contain details of any industry memberships / CPA qualifications. The profit generated by Smith Family Printing Pty Ltd has significantly increased between the 2008/2009 and 2009/2010 financial years. We confirm that her income is $40,000 p.a. A tax return is also an acceptable tax document used as proof of income. Letter to previous advisor You will also need to get a letter from your client confirming the instruction, and requesting full disclosure from the previous advisor. You can ask your accountant to use this sample letter from accountant confirming income as a template. I would give more than 5 stars if I could. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required. 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