Thanks for the reply Zimba. Can you please share with me the year and month of policy guidance you are looking into. I just looked into the clause no: 51 of guidance updated in April, 2016. This is what it says: 51.Money for investment can be shared by a team of a maximum of 2 entrepreneurs. Each te...

Hi there, I have generated over £100K worth of sales in my business during last three years and gradually transferred 50K worth of director's loan from my personal account to the company account through out the three years period. However, I have also paid myself £20K worth of director's wages throu...

Hi, Can we create three part time employees at 20 hrs each to claim points for two full time employees? That's because the total number of hours combined for three employees (when each of the employee works 20 hrs) sum up to 60 hours, which is also the total no of hours required to create two full t...

Hi, Can we create three part time employees at 20 hrs each to claim points for two full time employees? That's because the total number of hours combined for three employees (when each of the employee works 20 hrs) sum up to 60 hours, which is also the total no of hours required to create two full t...

hmmm.. Well, II think the point I can make is it was just a human error as wage rates keep chaning all the time and could easily be missed and so when realized, the difference was immediately paid and filed to HMRC. Secondly, the criteria for the award of job creation points as per the policy is tha...

Hi there, I have managed to hire a settled worker for a period of two years at 40 hrs per week. However, last year while I was paying him a minimum rate of £6.5 per hour, I did not notice that the wage rate has gone up to £6.7 from October 1st. So I kept paying him the same rate of £6.5 for another ...

You can add a note in next page and add the note reference to 'amount falling due after one year'. In that note you can mention your name and that this amount is an unsecured director's loan. I don't think you need to resubmit your accounts to HMRC, as you are not making any changes in the accounts,...