How To Avoid Accountants Letters

Let’s not beat around the bush - we know most accountants hate being asked to write income declaration letters for their clients’ finance applications. And to be honest? We don’t blame you.

It puts you in an awkward position. You’re being asked to put your name to something that really belongs in the lender’s risk assessment - not on your firm’s letterhead. And even when you can sign off, it often adds unnecessary time, back-and-forth, and risk to what should be a straightforward loan application.

At MyMF, we get it. That’s why one of our biggest focuses when working with self-employed clients is verifying income without needing an accountant’s letter. We go to great lengths to ensure all other avenues are exhausted first, so you’re not stuck holding the pen unless it’s absolutely necessary.

How We Verify Income Without Bugging You

Here’s what we do differently:

• We deep-dive into tax returns, financials, and ATO portals - We analyse the client’s last two years of tax returns and financial statements, along with business activity statements (BAS) if needed. This often gives us more than enough to satisfy lenders’ requirements.
• We request ATO tax portals and notices of assessment - Straight from the source. Clean, official, and usually more than sufficient.
• We explore low-doc or alt-doc options - Some lenders will accept accountant-prepared financials, BAS, or even business bank statements - without needing a letter. We know who they are and how to present these docs properly.
• We ask better questions upfront - We take the time to understand the client’s structure and income streams early. That way we’re not scrambling for documentation (or dragging you in) at the last minute.

When a Letter Is Required…

Yes - there are still those occasional scenarios where a lender insists on an accountant's letter. Usually this happens when:

• The client’s trading history is irregular or recently changed.
• There’s projected income involved.
• The financials don’t tell the full story on their own.

In those cases, we’ll give you a heads up early, outline exactly what’s being requested (so you’re not guessing), and make sure the client understands why we need your input. We’ll also ensure that you’re not being asked to declare anything outside your scope or comfort zone.

We're On the Same Team

Our goal is to make life easier for everyone involved - including you. We’re firm believers that accountants and brokers can work hand-in-hand to get the best result for the client, without unnecessary admin or finger-pointing.

So if your clients are dealing with another broker who keeps pestering you for letters, feel free to send them our way. We’ll respect your time, your role, and your professional boundaries - and we’ll get your clients’ finance sorted with less stress for all involved.

Got a client who needs a second opinion on their loan? Flick us a message. We’re always happy to chat.

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