Investment Staff Salary

[legendfar]

Hi Cr001
i am creating my own thred
to all expert please advice

If i say in interview
Salary paid £2300
marketing around = £6000
Phone bills = £3000
Accounting fees= £3500
office insurance + Rent = 1200
office desk computer stuff= £6000

total 42,700
and rest was in business bank account at the time of extension
will this answer be satisfactory or is this category fine for investment
thanks

[sm12]

Did you transfer 50,000 from your personal account to business account as unsecured director's loan and/or share capital?
If yes, then it's fine. The spending is ok as long as you didn't use your investment to pay your own salary.

[legendfar]

Did you transfer 50,000 from your personal account to business account as unsecured director's loan and/or share capital?
If yes, then it's fine. The spending is ok as long as you didn't use your investment to pay your own salary.

Hi Sm12
thanks for your reply
yes i did as director loan and transferred from personal account 50 thousands
how sure you are because some people are still confusing me that employee salary comes under expense not investment so i am bit confused dont know whether comes under investment or not did you see somewhere written proof of this so i will be relax thanks

[tier1in2014]

Did you transfer 50,000 from your personal account to business account as unsecured director's loan and/or share capital?
If yes, then it's fine. The spending is ok as long as you didn't use your investment to pay your own salary.

Hi Sm12
thanks for your reply
yes i did as director loan and transferred from personal account 50 thousands
how sure you are because some people are still confusing me that employee salary comes under expense not investment so i am bit confused dont know whether comes under investment or not did you see somewhere written proof of this so i will be relax thanks

Any expense you do for your company like rent,business rate, utility bills ,employee wages ,equipment ,furniture, maintenance ,car etc all are the part of the investment . Just make sure all of those expenses for company use not personal use. Even you don't have spent any thing out of 50k as long its there in company account as directors loan you will be fine .

[legendfar]

Did you transfer 50,000 from your personal account to business account as unsecured director's loan and/or share capital?
If yes, then it's fine. The spending is ok as long as you didn't use your investment to pay your own salary.

Hi Sm12
thanks for your reply
yes i did as director loan and transferred from personal account 50 thousands
how sure you are because some people are still confusing me that employee salary comes under expense not investment so i am bit confused dont know whether comes under investment or not did you see somewhere written proof of this so i will be relax thanks

Any expense you do for your company like rent,business rate, utility bills ,employee wages ,equipment ,furniture, maintenance ,car etc all are the part of the investment . Just make sure all of those expenses for company use not personal use. Even you don't have spent any thing out of 50k as long its there in company account as directors loan you will be fine .

Hi Kapoor
thanks for your reply
if it is so
the calculation i did on upper messages my investment criteria is fulfilling am i right ?
and this is nor written anywhere like this in policy guidance or any other guidance right?

[tier1in2014]

Yes that is correct . I was also not aware of this until I start reading here about this . If you search forums you will have most the answers there .

[sm12]

Yes, earlier we all thought that all the money had to be spent but it is now clear that you don't have to spend all the money. Just make sure you don't use your investment to pay yourself.

[legendfar]

Yes, earlier we all thought that all the money had to be spent but it is now clear that you don't have to spend all the money. Just make sure you don't use your investment to pay yourself.

Hi Sm12
I think the best answer of this i found after so much consideration that

Q. Where did you invest money and how much
Answer: I invested £50,000 and Director's Loan and all my expenses are , this ____, This___ and this___ so forth
isnt ?

[sm12]

Yes, earlier we all thought that all the money had to be spent but it is now clear that you don't have to spend all the money. Just make sure you don't use your investment to pay yourself.

Hi Sm12
I think the best answer of this i found after so much consideration that

Q. Where did you invest money and how much
Answer: I invested £50,000 and Director's Loan and all my expenses are , this ____, This___ and this___ so forth
isnt ?

Yeah, if you are asked about this in the interview, then you can explain it in that way.

[legendfar]

Yes, earlier we all thought that all the money had to be spent but it is now clear that you don't have to spend all the money. Just make sure you don't use your investment to pay yourself.

Hi Sm12
I think the best answer of this i found after so much consideration that

Q. Where did you invest money and how much
Answer: I invested £50,000 and Director's Loan and all my expenses are , this ____, This___ and this___ so forth
isnt ?

Yeah, if you are asked about this in the interview, then you can explain it in that way.

Thanks dear it has been much more clear now ..