Cash is great, right? For self-employed individuals, it may seem advantageous to simply not report cash payments. Self-employed individuals may receive cash payments for all types of self-employment, whether they’re doing landscaping or accounting.
And that may work until you want to get a loan and don’t have the means to show proof of income for self-employed jobs.
What is Proof of Income?
Proving self-employed income is easy to do. Here are some documents that help to prove income: