Can I use bank statements and lines of credit to establish employers ability to pay?
Bank Statements and Lines of Credit must show that the line of credit was in effect as of the date of filing and documentation. Absent corroborative documentary evidence, such as audited or reviewed financial statements, or federal tax returns, a statement from an accountant is not considered to be substantive evidence of an organization’s ability to pay the proffered wage. Annual Reports, Profit Loss Statement, Audited Financial Statements can impact upon an employer’s ability to pay proffered wages. If the current assets exceed the current liabilities with sufficient funds to compensate the beneficiary employee upon review of an organization’s current assets to current liabilities on the balance sheet, then the organizations ability to pay the proffered wage is generally considered to be established.
