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Up to you, you are not a director anywaymohsensari wrote:Hi all
I have a conversation with my accountant , He Suggest me to show my investment (transfer money from my personal account to my business account) as loan to my sole trade ( self-employ) business, I want to check is it okay as this is self-employ business and there is no director loan agreement available?
Money being in your bank account and showing in your accounts will sufficemohsensari wrote:many thanks Zimba88,
What other option is available to show investment except give loan to business
No, loan agreement is for directorsin case If my accountant wants to show as loan from myself to business. Do I need Loan agreement?
Yes as balance sheet will not have this kind of information anywaymohsensari wrote:Dear zimba,
My accountant changed place of that paragraph from balance sheet page to note page.as he said isn't standard to put in balance sheet. is it okay?
Kindly refrain from posting company/solicitor/accountants names. This is not permitted on the forum. Suggest re-read the forum T&Cs, as you were required to do upon registering on the forum. See READ MEAdvisor wrote:Hi,
I would advise that you should change your accountant as in sole trader accountant there is no option of loan from the proprietor. The loan option is for company only. The sole trader account only has an account for owner called Capital introduced so any money you invest in goes to this account. Also make sure to tell your accountant to put your name next to Capital accounts for example "Capital account - Mr xyz"
If you have any issues with your accountant then try xxxxx. They are brilliant.
Thanks
Accounts are prepared digitally. Also there is usually no need for them to sign itmohsensari wrote:Dear Zimba,
my accountant Write the company name by hand writing as signature (xyz accountant LLP).
In my view a bit strange .
Is this kind of signature is acceptable by HO?
No, just follow the lawmohsensari wrote:Dear zimba,
Is there any age restriction for job creation under this visa? as we the minimum wages is 16 to 18 years old is 3.87 per hour, is this minimum wage acceptable by HO?
It simply means your accountant has done no auditing (your accounts are unaudited). Most small businesses are exempt from audit.mohsensari wrote:Dear zimba,
My accountant put a paragraph in the second page of account as below:
"We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not therefore express any opinion on the financial statement"
Is it okay to have this paragraph?