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Tier 1 50k extension--

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

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xeesee
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Tier 1 50k extension--

Post by xeesee » Fri Nov 18, 2016 8:33 pm

Hello everyone,

i am going to apply for T1 50k extension next month.

Question 1= There are so many cash deposit transaction In my business account with some online payment from my clients. Will that be an issue ?

Question 2= what is the best time to make a Director's loan agreement?

Question 3= i transferred £63200 in my business account from my personal Account but take £13000 back because i need that money. but my 3 years accounts show 50,000 as directors loan. is this ok for my extension application?

Question 4= my company is 3 years and 3 months old :lol: and i have my 3 years accounts ready. what shall i do with those 3 months.

please advice me. Thanks

Zimba88 waiting for your reply as well.

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zimba
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Re: Tier 1 50k extension--

Post by zimba » Sat Nov 19, 2016 12:59 am

Question 1= There are so many cash deposit transaction In my business account with some online payment from my clients. Will that be an issue ?
No
Question 2= what is the best time to make a Director's loan agreement?
Before the first transaction, like any other loan agreement !!
Question 3= i transferred £63200 in my business account from my personal Account but take £13000 back because i need that money. but my 3 years accounts show 50,000 as directors loan. is this ok for my extension application?
Yes, min is 50K
Question 4= my company is 3 years and 3 months old :lol: and i have my 3 years accounts ready. what shall i do with those 3 months.
If you have not invested in those three months, ignore them !
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

xeesee
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Re: Tier 1 50k extension--

Post by xeesee » Mon Nov 21, 2016 1:15 pm

thanks zimba

sgdxb
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Re: Tier 1 50k extension--

Post by sgdxb » Mon Nov 21, 2016 11:07 pm

zimba88 wrote:
Question 4= my company is 3 years and 3 months old :lol: and i have my 3 years accounts ready. what shall i do with those 3 months.
If you have not invested in those three months, ignore them !
Hi Zimba88,

I am in same situation. I'm applying after completing three years of business and submitting three years accounts. Investment was done in first year. However my employees finishing required employment period of one year and six months after third year's accounts. Do I need to submit three months management accounts?

Thanks in Advance.
SG

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zimba
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Re: Tier 1 50k extension--

Post by zimba » Tue Nov 22, 2016 1:37 am

You are literally asking the same question as the OP. Answer is the same :?
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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Re: Tier 1 50k extension--

Post by itk » Tue Nov 22, 2016 7:13 am

[quote="zimba88"]You are literally asking the same question as the OP. Answer is the same :?[/quote]

Hi Zimba,
I sent you pm

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Re: Tier 1 50k extension--

Post by zimba » Tue Nov 22, 2016 1:11 pm

itk wrote:
zimba88 wrote:You are literally asking the same question as the OP. Answer is the same :?
Hi Zimba,
I sent you pm
Please don't. Read my signature :!:
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

sgdxb
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Re: Tier 1 50k extension--

Post by sgdxb » Tue Nov 22, 2016 9:35 pm

zimba88 wrote:You are literally asking the same question as the OP. Answer is the same :?
Hi Zimba88 appreciate your reply,

My question is regarding management account but not for investment, because my employees haven't finished required employment period before the completion of three year. One employee finishes a year one month after and third employee finishing six months period, two month after the third year end. So just wondering whether I need to show the staff salary in RTI existing in the accounts or not?

Kind regards,
SG

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Re: Tier 1 50k extension--

Post by zimba » Tue Nov 22, 2016 10:37 pm

There is no relevance between the two
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

xeesee
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Tier 1 50k extension-- FPS

Post by xeesee » Thu Dec 01, 2016 6:23 pm

Hello everyone,

MY accountant using Brightpay software for the payroll. salary slips and monthly FPS from this software will be OK for my extension application? i am paying monthly salaries to my employees.

Thanks

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Re: Tier 1 50k extension-- FPS

Post by zimba » Thu Dec 01, 2016 7:21 pm

No more FPS topics please.... this has been discussed so many times on the forums.
There is NO specific software or format requirement. FPS reports need to show ALL the information as CLEARLY given in the guide.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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Re: Tier 1 50k extension-- FPS

Post by Ams2013 » Thu Dec 01, 2016 7:32 pm

xeesee wrote:Hello everyone,

MY accountant using Brightpay software for the payroll. salary slips and monthly FPS from this software will be OK for my extension application? i am paying monthly salaries to my employees.

Thanks
Brightpay produce detailed and comprehensive FPS report and covers all required information so go ahead with it without any hesitation.

xeesee
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Tier 1 50k extension- current appointment report

Post by xeesee » Sat Dec 10, 2016 11:08 pm

Hello members,

1- Can someone please tell me how can i get a current appointment report? companies house website is bit different now. I need this before Thursday.

2- Bank stamped my Business statement but there is no date on that stamp. is this OK?

Thanks

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Re: Tier 1 50k extension- current appointment report

Post by Mrchaany » Sat Dec 10, 2016 11:26 pm

From companies house website via email or call them £3 charge by post
Strong commitment, extreme faith and honesty will recognize your existence.

xeesee
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Re: Tier 1 50k extension- current appointment report

Post by xeesee » Sat Dec 10, 2016 11:42 pm

Thanks B2B. There is no such service available on companies house website like email.

noajthan
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Re: Tier 1 50k extension- current appointment report

Post by noajthan » Sat Dec 10, 2016 11:48 pm

1) Try WebCheck service :?: :!:

Search for company.
Navigate to 'download company information' area.
Choose CAR - there's a free of charge download option.

See https://www.gov.uk/government/organisat ... r-services
All that is gold does not glitter; Not all those who wander are lost. E&OE.

xeesee
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Re: Tier 1 50k extension--

Post by xeesee » Sun Dec 11, 2016 12:12 am

thanks. got it from webchk.

any information about stamped business bank statements without date?

xeesee
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tier 1 50k extension- Bank statement issue

Post by xeesee » Sun Dec 11, 2016 1:16 am

Hello,

i got my online business bank statements stamped by the bank but there is no date on it. Bank name and address is clear but phone number and date in not available. bank said they have only 1 stamp in the branch and that stamp is not in a condition to print phone number and date of the stamp on the statement.

will this be OK without date and phone number?

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