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You provided a set of accounts for a company, of which you are a paid employee and director. That's all well and good. However, what did you provide in the way of evidence of statements that showed that there were the one and only director and shareholder of that company?A&J wrote:then what went wrong? I don't have a clue?
while not very clear in guidelines, it appears, you can not have double status in the same company to claim your earnings (a salaried employee (salary +dividends) and self employed (net profit).A&J wrote:I applied PEO 10 sept 2012 . after 12 weeks refused tier 1 extension. salary+net profit of my own limited company. not accepting limited company net profits.
only counting salary+ dividends not accepting the money remaining in business account. saying as the money is not transferred into my personal account from my business account it will not be counted as my earnings.
urgent help needed.
as from guidelines
1. limited company directors will be taken as self employed
2. if 100% share holder, company net profit may be considered as earnings
3. if self employed working in form of limited company structure and which to retain funds send the proof.
then what went wrong? I don't have a clue?
A&J wrote:I applied PEO 10 sept 2012 . after 12 weeks refused tier 1 extension. salary+net profit of my own limited company. not accepting limited company net profits.
only counting salary+ dividends not accepting the money remaining in business account. saying as the money is not transferred into my personal account from my business account it will not be counted as my earnings.
urgent help needed.
as from guidelines
1. limited company directors will be taken as self employed
2. if 100% share holder, company net profit may be considered as earnings
3. if self employed working in form of limited company structure and which to retain funds send the proof.
then what went wrong? I don't have a clue?
A&J wrote:I applied PEO 10 sept 2012 . after 12 weeks refused tier 1 extension. salary+net profit of my own limited company. not accepting limited company net profits.
only counting salary+ dividends not accepting the money remaining in business account. saying as the money is not transferred into my personal account from my business account it will not be counted as my earnings.
urgent help needed.
as from guidelines
1. limited company directors will be taken as self employed
2. if 100% share holder, company net profit may be considered as earnings
3. if self employed working in form of limited company structure and which to retain funds send the proof.
then what went wrong? I don't have a clue?