Job Creation & Investment Question as a Director

[xxtx2503]

Dear everyone,

Regarding the job creation, I've had two UK citizens work in the company as part-time for a while. Now I'm considering to transfer them to full-time employee.

However, one of them is a partner of my business and had been appointed as Director. Is his position qualified for a CREATED JOB? And would his salary be treated as INVESTMENT?

Thanks a lot for your time.

[marcnath]

Dear everyone,

Regarding the job creation, I've had two UK citizens work in the company as part-time for a while. Now I'm considering to transfer them to full-time employee.

However, one of them is a partner of my business and had been appointed as Director. Is his position qualified for a CREATED JOB? And would his salary be treated as INVESTMENT?

Thanks a lot for your time.

For job creation, there is no restriction on partners being an employee. So, it qualifies for job creation.

Investment is money IN TO the company. Salary is money OUT OF the company. So not sure what you mean by that question.

[xxtx2503]

Thanks for the information mate. If the director is as well a created job, I believe my second question is solved.

I was concerning about the calculated amount of investment. For instance,

If 20K is transferred to my own bank account as my salary, the final investment would be 200K - 20K = 180K, correct?

So back to this case, if 20K is transferred to my partner as his salary, the 20K would be the general business expense and my final investment would still be 200K, correct?

Many thanks mate.

Dear everyone,

Regarding the job creation, I've had two UK citizens work in the company as part-time for a while. Now I'm considering to transfer them to full-time employee.

However, one of them is a partner of my business and had been appointed as Director. Is his position qualified for a CREATED JOB? And would his salary be treated as INVESTMENT?

Thanks a lot for your time.

For job creation, there is no restriction on partners being an employee. So, it qualifies for job creation.

Investment is money IN TO the company. Salary is money OUT OF the company. So not sure what you mean by that question.

[marcnath]

For instance,

If 20K is transferred to my own bank account as my salary, the final investment would be 200K - 20K = 180K, correct?

Not really.That is true only if you had absolutely no revenues.

So back to this case, if 20K is transferred to my partner as his salary, the 20K would be the general business expense and my final investment would still be 200K, correct?

Correct.

[xxtx2503]

Many thanks mate !

For instance,

If 20K is transferred to my own bank account as my salary, the final investment would be 200K - 20K = 180K, correct?

Not really.That is true only if you had absolutely no revenues.

So back to this case, if 20K is transferred to my partner as his salary, the 20K would be the general business expense and my final investment would still be 200K, correct?

Correct.