www.iva.co.uk

being self employed i will have to proove my accounts at the end of the finacial year ..... can you tell me whats the usual details i will have send .... bank statements ? accounts ? both or more
regards
leigh

Hi Leigh,

No idea on this one I'm afraid. Something you need to take up with your IP company. Who are you with?

Maybe one of our other self-employed posters or an IP will be able to give some advice but always best to take the case specific advice of your own IP for a definite answer x

I think I've read on here that you need to provide your audited accounts but requirements may differ from firm to firm. x

Hi
I think it does vary quite a bit from one IP to another.
Regards

IPs will need to see the last three years accounts, tax returns and a trading projection for the forthcoming year. This demonstrates that there is a sound business behind you - demonstrated by the past accounts - and that your trading projections are reasonable. In my firm, we usually fine tune the projections at the face to face meeting with our IPs - this is an essential part of the process and is mandatory before your proposals can be issued to creditors.

It is also important to be up to date with your tax and VAT returns as well - this does not necessarily mean that all payments for outstanding tax have been made, simply that the returns have been completed and submitted.