Draw up a financial statement for a self-employed client
Creating a personal financial statement for a client running their own business is generally similar to that of an employed person, except that expenses may need apportioning and the amount of income may be less predictable. Both of these things should be made clear on the personal financial statement.
How to calculate the amount of income that a client can take from the business depends upon the client’s trading status and any special rules that may apply to the type of business that the client carries out.