Business A has £130k capital introduced by me Cost of sale(profit & loss account) has purchase of £133k Business account statements has limited entries just one or two pages, Major entry of £86k look like has been paid to solicitor, other entries has not major justification of paying invoices by res...
1. 110k as you said is usable but it has shown as drawing in business A final accounts. And because money stayed into same business account, its didn't go to business B via my personal account, my solicitor doesn't count that under 200k, as mentioned earlier it counts 0 inv in business A 2. I have c...
Time line Approved Aug -14, transaction 110k done by Dec 14 from personal to business Money was into same business account from business A to B, same business account has only business name & address has changed, so money stayed into same account business A & b both are partnership firms, as evidenc...
Basically, money taken from business account to personal account and reintroduced again from personal to business account either in same business account and 2nd business account, can count that fund under 200k which has gone from personal to business?, also, having drawing amount on accounts is nec...
According to account 1. Business A capital introduced £110k after profit share amount £5k, total money withdrawn £115k and introduced to business B, entry from business to business, so business A investment count 0 2. Business B, capital introduced £115k to bus. account 1. From business account 1 to...
According to current situation, I have shortfall to meet requirement of £200k inv. Because of short time, even if I'm aware of shortfall, if I still make an application and after my visa expires if I arrange amount of shortfall as capital introduced into my account and spend into business, do I qual...
According to current situation, after accounts done, major shortfall has came up for 200k ent. extension, because of short time, if I make application and I'm aware of it will be a rejection but when I will get result, if shortfall amounts will be arranged after application and will be transferred f...
It has been resubmitted but we have decided to make application by not submitting may(11th month) payslips, because we have met requirements by 12 month 2 full time position and as your suggestion we will still get points.
In regards to first question, in 11th months payslips & fps reverted. If I skip that month payslips & other related documents. If I submit payslips & fps all under one name for 13 month period but one month missing documents(11th), will that meet requirements? Payslips from June, 16 till April, 17 (...
Thanks for your advice 1. Business A which has been sold, I'm relying on that for majority part of investment. Business account statement haven't got business address because postal address was completely different. Bank is not giving any kind of letter for confirming business address and not even h...
I have the choice of either class 2 or class 3 – essentially I haven’t paid National Insurance because profits have been too low 1. Class 2 would be cheaper but will you be able to advise further? In Dec, 14 business A, sold on lease in July,15 NI paid that time Jan, 16 business B, no NI paid becaus...
That's fine. Let me put it this way, 1. Business A sold, closing balance for example 50k which originally came from personal account. 2. Business b start with business account x and y, opening balance 50k in business account x (same business account because only business name and address has changed...
Right okay. For question one, about money transfer from one business account to personal and then from personal to another business account of same business, that fund will not be counted according to you. But originally when first business was sold closing balance carried out into business account ...
Thank you for your advice. Also, 1. My one business has two business account. One of the investment amount has transferred from one buinsess account to my personal account and then from personal to another business account. Will this be count as my investment under 200k ? 2. My business has done an ...
I agree it's confusing, I'm glad to know it is not an issue at all. Appreciate your help. You have got all points correctly though in point 3 you menioned everything reverted in partnership name, payslips and payment account, Payslips has reverted which is correct but by payment account what exactly...
Hello, In regards to employee creation, For 12 months position, all payslips, payment record and other necessary documents have been prepared, though business mode has changed from partnership to company. For 10 months employee position were hold and then partnership business has changed to company,...
