Proof of Earnings Requirements For Own Company

[ArthurHarper]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant?

[Sushil-ACCA]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant?

from ltd company earnings

u need to show 2 ities of 4 below

1.dividend vouchers
2. salaes summary
3. Income statement of company , SALES, PBT TAX DID RESV
4. accts of company -PL & BS


FOR YR SALAEY EANING

PAY SLIPS / EMPRS LETTER WITH detail break up
BANKS STMT
hmrc letter

[MACY]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant?

from ltd company earnings

u need to show 2 ities of 4 below

1.dividend vouchers
2. salaes summary
3. Income statement of company , SALES, PBT TAX DID RESV
4. accts of company -PL & BS


FOR YR SALAEY EANING

PAY SLIPS / EMPRS LETTER WITH detail break up
BANKS STMT
hmrc letter

How abt the Sole Trader is it the same or diff ...?.. tnx

[Sushil-ACCA]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant?

from ltd company earnings

u need to show 2 ities of 4 below

1.dividend vouchers
2. salaes summary
3. Income statement of company , SALES, PBT TAX DID RESV
4. accts of company -PL & BS


FOR YR SALAEY EANING

PAY SLIPS / EMPRS LETTER WITH detail break up
BANKS STMT
hmrc letter

How abt the Sole Trader is it the same or diff ...?.. tnx

Sole trader

u need to show 2 ities of 3 below

1. salaes summary
2. Income statement of business , SALES, PBT TAX PAT
3. accts of bUSINESS -PL & BS

[mvent00]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant? Yes, as per guidance it is sufficient.

Employees who receive a salary and dividend payments:

If the applicant is paid with a combination of salary and dividends, and both payments appear on the applicant’s payslip, this employee could provide:

• personal bank statements for the full 12-month earnings period
and either:
• payslips for the full 12-month earnings period; or
• a letter from his/her employer.

If the applicant is paid with a combination of salary and dividends, and the salary and dividend payments do not both appear on the applicant’s payslip, this employee could provide the documents listed above plus:
• dividend vouchers for each dividend payment claimed, showing both the gross and the net dividend.

[leoseptember]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant? Yes, as per guidance it is sufficient.

Employees who receive a salary and dividend payments:

If the applicant is paid with a combination of salary and dividends, and both payments appear on the applicant’s payslip, this employee could provide:

• personal bank statements for the full 12-month earnings period
and either:
• payslips for the full 12-month earnings period; or
• a letter from his/her employer.

If the applicant is paid with a combination of salary and dividends, and the salary and dividend payments do not both appear on the applicant’s payslip, this employee could provide the documents listed above plus:
• dividend vouchers for each dividend payment claimed, showing both the gross and the net dividend.

Don't know who's right.

[ArthurHarper]

The more I read the policy guidance and forums the less certain I become about proof of earnings for salary and dividends earned through my own Limited liability company.

The policy guidence sort of implies that you only need the supporting letter from your accountant if you are retaining your earnings, however in my case all the profits are distributed to me as sole shareholder.

I have payslips and dividend coupons for all my earnings supported by my personal bank statements. Is that sufficient or proof or do I need to get the additional proof in the form of a letter from my accountant? Yes, as per guidance it is sufficient.

Employees who receive a salary and dividend payments:

If the applicant is paid with a combination of salary and dividends, and both payments appear on the applicant’s payslip, this employee could provide:

• personal bank statements for the full 12-month earnings period
and either:
• payslips for the full 12-month earnings period; or
• a letter from his/her employer.

If the applicant is paid with a combination of salary and dividends, and the salary and dividend payments do not both appear on the applicant’s payslip, this employee could provide the documents listed above plus:
• dividend vouchers for each dividend payment claimed, showing both the gross and the net dividend.

Don't know who's right.

Glad thats been cleared up then?????

Is there anyone out there who has applied or knows of someone who has applied recently in a similar situation without any supporting info from accounttant and were they sucesssful or not