Need help. Refinancing my PPOR and Credit Assessor is asking these questions

· 2 years company tax returns and 2 years supporting financials ( P/L & balances sheets) for 2017/2018 and 2018-2019 For [company 1]

· For your directorship with [company 2] I need an accountants letter stating what this entity is, whether it is trading and or not trading and whether it requires you to put any money into this financially to upkeep this entity. Also whether it has any debts and liabilities

Problem is those companies are dormant with no activity so they never filed tax returns for those. Plus the accountant hasn’t done any financials for them, so she doesn’t know the current financial situation thus can’t provide the letter.

Im still following up with accountant. But how am I supposed to get documents that doesn’t exist ???? What am I supposed to do? Can I step down as director or something ? Can the accountant even create a tax return for 2017/2018 right now ?

 

Did you (or your accountant) lodge a nil return for these entities (see Notify us if lodgment is not required)?

 

I dont think the accountant lodged any returns (because of 0 profit) but Ill double check with accountant

 

Ok so if I provide the 12 months statement and they can check that there is no ABN, that should hopefully answer the assessor's questions?

Also did you mean 12 months statement of those years or are you talking about current 12 months?

 

Does the company have a TFN? It would be required to lodge a tax return if so.
This sort of thing happens all the time and I haven't found a way out, but so far everyone has been able to supply a letter.