Are you considering upgrading your truck? What about remodeling your home, or even buying a new home? These are big financial decisions that will often require a loan. As a self-employed individual, the process of obtaining a loan can involve more steps.
Now that you’re self-employed, you do not have pay stubs or W-2s that show your annual income. With this being the case, lenders may request a compilation of financial statements that include a current balance sheet showing your assets and liabilities and a current profit & loss statement showing your income and expenses. They may also request your previous two years’ tax returns and verification letters related to your financial wellbeing or creditworthiness. If you’re in the market for a loan, Abacus can assist you with these lender requests. Abacus can compile financial statements, including a current profit & loss statement, for you to provide to your lender. Abacus can also assist you in preparing prior year tax returns as well.
Contact you tax professionals at Abacus CPAs for assistance with these services by email at transportation@abacuscpas.com or by phone at 417.380.5000.
At Abacus™ CPAs, our focus is you! Contact us today if you need help or more information on this valuable topic. Abacus™ professionals provide leadership by relentlessly pursuing the best guidance possible so those we serve can make smarter decisions.
Abacus CPAs is one of the fastest growing firms in Southwest Missouri, is wholly dedicated to helping our clients achieve their financial objectives. Our passion for our clients and employees is the driving force behind all our work and the reason we are recognized as an entrepreneurial leader in Southwest Missouri.
You’ll find that things are a distinctively different here at Abacus CPAs, and we’re proud of it. We are here to serve you and your business. Contact us today by calling 417-380-5000, or visiting our website at www.abacustrucking.com
