Hi all, I’m a restaurant owner, and I pay my employees on weekly basis. The rate is £8.72/hr at 35hrs/week. So that works out £305.20/week salary. I transfer £306/week to my employees to round up the numbers. My accountant issues payslip once/month at £1322.53/month. Recently, my accountant asked me...

Thanks very much Marcnath,

Great advice!

Merry Christmas and Happy New Year!

Thanks Marcnath for your advice. I think I may just play safe and hire 2 new 30hrs employees. In this case, the existing employment, both worked 40+ hours, if I cut down their hours to 30(so move some hours to my new hires). Would it be issue? As guide states that create 2 new FT jobs, but I also pa...

Sorry, I may have confused you with my wording. The X limited operate the restaurant, but I’m buying the restaurant not X limited. I will use my Ltd to operate the restaurant. At the moment solicitor went on Xmas holiday but completion will be January. I think the money I pay on completion is either...

Thanks Marcnath,

So I should request a 12 months employees payroll from privious Limited company that owns the restaurant?
For example:
A full time employee has left 2 months before I take over restaurant, in this case I should also find a replacement for it or not?

Thanks again.

Hello, everyone I have 1 question regarding buying a restaurant(lease&fiting etc..) that has existing employees. I bought a restaurant for £100K(it has few part/full time employees), and I will manage to invest an extra £100K to cover it as that £100K didn’t count towards the investment. The res...

Thank you Marcnath, Great advice, I think what I will be buying is classified as business, but I do not want to use the same name and it will be my office registered location. (Because of good location I think I am forced to buy the business). I’m afraid to walk on the edge of the policy. Thank you ...

Thank you Marcnath, It is a relief as premium fee was never planned in the beginning. So my understanding of timing on investment is that: Year 1: spend 50K from £200K on goodwills etc. which left me £150 in UK business account, and I do not have to have all £250K in the uk at the beginning. So Year...

Hi Marcnath, Thanks for your reply, as in the beginning, i was thinking of leasing a empty premise, but now suddenly found a premise in a better location but comes with premium(goodwill/fittings), so have to have extra £50K. So say in year 2, it does not matter whether the extra £50K top up comes fr...

Hi all, I have a question regarding 200K investment. I have 200K in my uk personal account and will transfer to my business account once it is opened. However, let’s say I will need to spend 50K out of 200K buying a exiting business in the first 6 month. I know this 50K isn’t count as investment. Wh...

Thank you for the information I will search the ferry route in case of any unnecessary checks

Hello, 4uvak

Thanks for your reply, and i saw many said there might be checking around

Hello, all, I don’t know if this is the correct section to post. I recently submitted my T1 Entropeuer initial application, and the fee has been deducted. However, I’m planing to travel to Northern Ireland to celebrate my friend birthday and stay around for 2 days. My passport and privious BRP all s...