Dear Members and specially Zimba, I am a quite member of this forum. I am going to submit my 50 k extension next week. i been to my solicitor with all of my paper work and he was not quite happy and picked up some grey areas. I do not agree with my solicitor. now you people and Zimba pls give your honest opinion about those grey ares.
1.1st year little profit, 2ed and 3rd year company is on big loos. 1st year turnover was 55k and profit 400 , 2ed year turnover 125k and loss around 40 k , 3rd year turn over 80 k and loss 50k. 3rd year. i changed my business premises and sales was stopped for four month.
2. Last 3 years we both directors took around 44k salary.
3. total investment was 120k in 43 instalment but director withdrawn 14k. so net investment is 106 k, if i deduct directors salaries from net investment still our net investment is 62k. all of the transactions are quite clear business and personal bank statement.
4. my business is below level 4
5. all over the 3 years different times different number ( 1 to 8 ) of employee worked for my company and most of them were British. some of them got monthly wages and some of them got 2weekly wages. all of them were on payroll but half of their payment method is cash and another half Bacs. these are clear on their payslips
6. for claiming employment i am showing 2 part timer and 1 full timer, one of the part timer always got cash method payment. Another part timer got first 13 month cash method payment and last 9 month bacs method payment. Full timer always got Bacs method payment.
Guys sorry for take your time. pls give you honest opinion about these grey areas.
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