T1 Ent Visa extension approved with 2 traffic offence

vmai wrote:

shanky wrote:

vmai wrote:Can i have account name or any number...we can do same like you.If you can pls send me

I use KPMG , they are bit expensive but super professional, they are one of the biggest multinational accounting firms out thr. But I guess you dont need accounting firm of that level for visa purpose just take any random registered accountant you should be fine, as its only very basic information needed for Visa. I only use KPMG because my clients are CEO of well know multinational companies and most of these multinational companies have KPMG as thr accounting firm so it makes life bit easier for us as same company handles accounts for my business, customer and most of my suppliers. Unless your business don't need that level of accounting don't use KPMG .

Hope this helps

Thanks for your reply

solomondid wrote:Congrats Shanky,

Very informative, thanks for sharing your success.

I interpret the following from your response, please if you could confirm its correct;

1) Employee salaries, except directors has until now been accepted as an investment.

2) director loan agreement can just be one agreement for all small investments you make within 3 years, and monies invested in small bank transfers every month as and when necessary is ok and dont need new agreement for each transfer.

3) losses incurred play any role in decision making?

Thanks and regards,


Hi solomondid

1- Yes
2- Yes one agreement
3- Losses dosent make a difference most of the businesses anyway can not be profitable in first 3 year unless its a dodgy business. Cant generalise depends on business sector some business can be profitable from day first. Will not be a issue if your business is loss

Solomon

Ali272 wrote:Hello Shanky,

Congrats on getting your extension. I am on Tier 1 Graduate Entrepreneur and plan to switch to the main category next year. I plan to invest the £50k as a share capital in one go in coming days. Do you think that's OK? What do you recommend? Share capital or Director's loan? I feel like share capital is less riskier and Home Office prefers it.

Thank you so much
Ali

ishfaqsangra wrote:Thanks Shanky for all inputs.

You paid a lot to your employees being on £50k- appreciated

I have Management Consultancy and I am paying my employees £7.5/hour as one I am using for marketing, the other one as assistance for certain audits/processes

I am going to increase the rate to £9 as recently got another Contract on 17th Nov2015.

Can this be an issue ?

my personal thoughts are that it should not be as I could not afford higher rate at that time

All suggestions are appreciated

nadeem75 wrote:Hi shanky?
Thanks for share a important information.
Could you advise what is account's compilation report and if you forward me sample of report, would be very kind.

Ali272 wrote:Thank you Shanky for your reply.

My university has already confirmed I'm genuine entrepreneur. I was selected in a very competitive competition among hundreds of applicants. I was wondering what else do I need to provide?
I will be spending almost £12000 this year on my tech business and will have extensive marketing campaign in financial magazines such as money week. I don't plan to employ people for the first two years to keep costs low. Would this be alright be genuineness test? What else do I need, to prove I am really genuine? Thanks.

Meesha wrote:Congratulations Shanky,
From your posts it is obvious that u deserved this success very well.
Can you please inform me a little more about the accountant letter that we are supposed to submitt as one of the proof of job creation.
When should accountant generate it? At the start of job i-e when he started generating pay slips? Will not it be too old to submit as an evidence as it will be minimum an year old. Or should accountant made it afresh when you apply for extension.

Thanks for helping us all.

One of them had 2 employees for 1 year but they have done 3095 hours not 3120 hours. That guy got refusal as well. He is now on article 8 (human right).

ali31 wrote:

One of them had 2 employees for 1 year but they have done 3095 hours not 3120 hours. That guy got refusal as well. He is now on article 8 (human right).

If I am not wrong total hours for two employees should be 2880 not 3120. ( (30 hours x 4) * 12 * 2)

sanjay1 wrote:Hi Congratualtions , I have a doubt regarding tier1 entrepreneur visa extension , do we need to register as an employee for our limited company apart from director position?

sanjay1 wrote:Hi Thanks for the reply, but my question for the tier1 entrepreneur 50k route extension , do we need to register as an employee for our limited company?

Napoleon77 wrote:Hi KKL147

Congrats!

What documents did you submit and what is the nature of your business?

Many thanks