₦airaland Forum

ifyalways:
Nay, you can and should. All profit is not yours to spend . The right term though is owners draw not salary.

Net profit is your to spend on whatever you like because it doesn’t affect the running of the business.

My

mulannoire:
Thank you @Justwise @ ifyalways.

If i make about 500k monthly (fluctuates)...can i pay 350k as profit into my savings monthly?

I have 2 savings and intend to split the 350k with one part going to my proper savings acc.

Pls bear with me i know my questions are plenty

My question to you is this.. is 350k truly your profit and can you support that with evidence?

All you are trying to do here is to eat the chicken and the egg.

How much do you have in your business account? What is your gross profit?

blank:
In running a business, you need to pay yourself a salary and properly categorize the rest as profit. The profit can be invested, reinvested in the business or spent, up to the owner. But you need to recognize a salary for yourself as part of your operational expenses. It's Entrepreneur 101.

Paying yourself a salary in one man business and still put aside profit is cheating yourself. Your net profit is yours and part of it can be reinvested and the remaining goes to personal use eg traveling.

How do you determine how much to pay yourself and why would the ECO believe you that you truly worth that amount ? You wouldn’t have such problem if that money is declared as profit.

kokoli:
Good Evening everyone. Please i need some clarification on the checklist. I suppose not all the items in the checklist should be provided rather only the one that concerns you. please can someone shed more light?

Which item on the checklist are you planning to leave out?

eayobami:
I have gone back to check my statement and the transaction questioned was a cash transfer and not cash deposit and it was 1,634,600 and not 1,534,600 as stated by the ECO. And my submitted statement didn't end on may also as stated by the ECO in the refusal letter. The fund was for a supply I did for a band to acquire musical instruments for them . my statement of account shows the outflow of what I paid my dealer to supply me the goods and the invoice that I was issued. I also issued a receipt to them for the money I was paid. Both of this invoices was part of my application and also the transfer slip I used for that transfer to my dealer. The money wasn't lodged, I only made 140k profit from that transaction. Prior to that march I was paid 2.3m for an installation I did for a church and I also included the receipt I got for the equipments I bought. That 2.3m wasn't questioned at all.

Please what other ways can one prove source of find apart from receipts and invoices looking at the nature of sound engineering job being informal. Just a phone call , negotiate price, submit list and you get paid.

Please I want to reapply asap.. My fiancé is coming to Nigeria this weekend and we plan going back together for the Christmas and new year holiday.
Thanks.

Like i said before reapply and point out those mistakes you noticed and explain another transaction in that account that you did not explain before.

Most importantly address those issues raised by the ECO in that refusal letter.

MaBuk:
Please i will be travelling from Nigeria to Kenya (Spend 5 days in Kenya) then from Kenya to Uk then Uk to Nigeria. Please what is required to enter Uk from Kenya. Do they need vacination document or any other document. I am a first timer in this. I need help on this.

All you need is your passport and ticket, no vaccination is needed.

ifyalways:
It should be a fixed amount and it does not matter if you label it as salary or not. Do remember to mention in the form (other information) that you pay yourself this amount monthly from the company profits.

You can't pay yourself a salary when you run one-man business because all profit is yours. Better to transfer the money to personal account as profit and not salary.

mulannoire:
Thank you very much @Justwise...you are too kind. I still have a few questions pls bear with me.
1. Do i transfer funds from coy acc to my savings anytime i want?

2. My biz is service based and is usually sealed via verbal agreements. What paper evidence do i submit in this case. Do i need to create evidence for every significant deposit in my corporate acc?

3. Do i submit my CAC docs/corporate acc to show ownership of business?

4. Must all significant deposits in my savings be from my corporate acc?

1. Don't just transfer money to your personal account, make sure that you are not transferring your business money to personal account just for the travel because it will reduce your tie to Nigeria which is your business, if little money is left in business account then you have nothing to come back to Nigeria for which is the whole ideal of tie to home country.

2. You have to explain that in the for if there is no paper evidence.

3. Yes

4. Yes.

ifyalways:
I think thats same thing he want to do.

Transfer or pay in a certain amount each month from his profits/company account to personal account. Reapply using funds from personal account as opposed to company account

The money has to be his profit and not just transferring money from business account to personal one else he will weaken his tie to Nigeria which is his business

Lucky4real28:
Please folks help me analyze this refusal note, I own the company but don’t pay myself, I stated I will be paying for the trip myself because I thought the company is still me. I submitted company account with 6 months turn over of 36M, balance 1.3M personal dorm account 3 months with turn over of $44,830 balance $220. And a savings account I use to pay bills with a 3 months turn over of 1.1M, balance 11k. My aim was to fund the trip from my company account, travel date is 27th December.
Travel history, Russia, SA 3 times, UAE, Kenya, Ghana. Even though I submitted reference letter stating I am a sole signatory to the company account. I was still refused.
I am filling a new form stating company will be funding the trip and I will transfer the sum to my savings account with payment reference stating “for UK trip”. I aim to use priority service so I can get a decision earlier. Please advice. Travel date is 27 December.
I don’t pay myself salary nor keep savings because I believe this is beneficial to banks, instead I reinvest my profit and tranfer out of my account for personal use whenever I want to.
I am married with kids and I also submitted 4 landed docs with combined purchase amount of 32M. Please should I just move about 1.2M to my saving and write a letter on my company letter head stating the money is for my trip to UK.

You don’t have enough money to fund this trip and you can’t fund the trip from your company’s account because that is purely for your business. The balance in your personal accounts are not enough to make this trip.

mulannoire:
Hello gurus in the house, i need your help.

I was refused a visa 2 months ago despite travel history to the UK as the officer stated he was not convinced the funds in my accounts were mine to spend ( i submitted 2 savings accs).

I was advised by an agent to run my company account and to pay myself salary each month, while also creating payslips. How accurate is this? Thanks for your time.

If you own that business then it makes no sense paying yourself a salary, the profit from that business is completely yours and should be seen as that and not salary.

Explain the source of money in your account with paper evidence and avoid using your compay’s account as the funding source of your travel. Fund the trip from your personal account and not the business one.

eayobami:
@ekpotek @justwise



Got my package by courier today. Application was denied.

My fiancé invited me for 11 days as her father insisted that I visit before we get married and relocate that he doesn't believe in gambling.

I studied this thread for almost 1month before I apply.

I have 2 jobs, I submitted payslips from both jobs. I work in a church and I also work as a project manager for a company which I started in September. I also freelance as a sound engineer which is work I'm doing for the church . I do installation of sound equipment, setup for rallies, crusade, parties and occasions and I also purchase equipment for churches and sound group from Alaba. I make enough money from this.

I submitted my statement from February to show a pattern in my account because sometimes my balance is low as I have to supply goods before getting paid. All these I explained in my cover letter defending my statement from zenith and STANBIC. Attached about 40 evidences in receipt, invoices issued and received, statement from my sister showing the money I transfered to her and her husband to help raise 2000 catfish in their fish farm. Chats from me and customers.


Don't know what to do. How soon can I reapply and what do I need to do. The ECO obviously made a mistake as I applied for priority so I can travel in December. I didn't have a cash deposit of the said amount to my account on the said date, and also my statement didn't end on may, it ended in November. Just confused.

If these mistakes by the ECO are true then reapply anytime and point out those mistakes in a letter clearly pointing out those mistakes.

Mancala:
Being that I was the "culprit" that suggested giving up the kids for adoption, I feel the need to clarify. First, the suggestion was that if she eventually married a U.S. citizen to regularize her stay, she should consider getting the man she marries to adopt her kids. This means her new spouse will become their "legal father" while she remains their legal/biological mother. The biological father remains just that! She would need to get the consent of their biological father to do this hence my suggestion to have that discussion now rather than later. Why consider doing this? It would help bolster the evidence of a "real marriage" to USCIS and make the AOS interviews much easier. I have seen this happen and believe me, it makes a big difference.

Justwise - why do you think this is such an egregious act? From what we knew at that time, the biological dad had already given up those kids for all practical intents and purposes! Their Mom was making crucial decisions about their future without reference to him. He appeared not to be in the picture. Why not make it official when she has a new spouse and secure the kids future? Dad will forever be their bilogical dad, no one can take that away from him. But in terms of day to day care and welfare, someone else will be responsible. No different from the reality today!

My initial comment regarding this still stand, the end game is to get foreign passport in exchange for your two kids, buy-one-get two free(marry their mum and get two kids) only an irresponsible father will do that.

https://www.nairaland.com/4310114/rich-kids-miami

rich-kids-miami from a rich family but still open go-fund page begging for money

AfonjaBoston:
Nigga he riled you up for a response and you fell for his bait.

Everyone I mean everyone knows who Lucas99 is. You did not have to respond. You fall hand

I know him far more than you do and i also how nairalanders think when accusation is leveled against you and you failed to respond.

Lucas99 is an amateur scammer i have come to know in this section and a lot of people in US student visa thread know him very well.

I replied his post for the sake of people who doesn't know the facts.

narpheesarh:
@justwise @ekpotek and all other gurus in the house.

1. I am a student undergoing my PhD program in the UK. I want to invite my dad and mum to visit me in the UK this December. They have been denied once due to lump sum of money in their account. My dad is a civil servant (works for Osun state government) that earns about 150,000 after tax. Although what they pay into his salary account after all deductions from cooperatives and mortgage is about 50, 000. He has all other sources of income as well, such as money coming from his private sole proprietorship company. He built houses which he rented out as well. He also has a block industry. The issue is, the salary account is really low, and for the other account, all other sources of money go into it, which makes the account irregular. This was the account he used for the last visa application that was refused. Please advice on what to do regarding this. Presently he has about 2million in this account.
2. For my mum, she runs her business. She is a distributor for different food companies . Her business is registered. The issue is, she doesn't really have a separate account for her business. Payments made to her are also in cash. Money made after sales are sent to the company she normally gets her goods from in order to buy more goods. Sometimes if she is not ready to order for more goods, she can make the payment to her account pending the time she is ready as she can't keep money in her shop. She spends from this account as well, she doesn't keep a particular amount on a monthly basis for savings . How do we go about this to increase her chance of getting vusa

3. I am filling the application for them. They will both be funding this trip jointly. What will i fill in the section that talks about, is anybody paying towards your trip? Will i select No for dad and No for mum as well? Both of them will contribute towards the trip

4. Also, my husband is with me and works full-time. We intend to provide feeding for them during their stay, (as the hotel booked is close to our house) but cannot accommodate both of them. Should i mention this in the section of 'will anybody be paying towards your trip

5. For ties back to Nigeria, we intend to include business registration document, landed property documents. I also have a younger brother who is just in 100level. Will he also serve as a tie back home. I mentioned him in the the dependant section.

6. My daddy sponsored my masters program and also the first year of my PhD, I have receipts for these, will this add anything meaningful to their visit visa application

Should i add all of my siblings who are in Nigeria but are married as their dependants as well?

Thanks

Please assist house! I have posted this for a week now.

Regarding your daddy's salary and the money that goes into his account after contributions you have to explain this in the form or extra paper, do the same with your mums business situation.


3. Yes if nobody else is paying for the trip select no.

4. That will be an additional answer to question 3, add that you will be providing hotel accommodation closer to the house

5. That is the right thing to do, add all those information

6. Not really

Fireman01:
Thanks for the response,its called leave travel allowance,its contain in my terms of service ,just that its going to be paid after successful visa applications....though the company is giving me the company account statement and a letter to that effect

All these are questionable for a private trip, what are you doing with company's bank statement when you are not going for an official trip?

Darla:
Good evening.
Please I have a quick question, I am in France on Erasmus studies of 3 months but I live with a family friend.
I am applying for a UK visa and where address should be provided, there are options about the address.
1. own it.
2. rent it.
3. I live with my family
4. Other

@justwise @ekpotek and other people.
what do you advice? I wanted to pick other and explain that I cannot get a housing contract for that short period as I am on Erasmus and will go back to the Netherlands soon.

That will be suspicious, why would you not provide an address in your application? Even if your school address because you are not homeless

narpheesarh:
@justwise @ekpotek and all other gurus in the house.

1. I am a student undergoing my PhD program in the UK. I want to invite my dad and mum to visit me in the UK this December. They have been denied once due to lump sum of money in their account. My dad is a civil servant (works for Osun state government) that earns about 150,000 after tax. Although what they pay into his salary account after all deductions from cooperatives and mortgage is about 50, 000. He has all other sources of income as well, such as money coming from his private sole proprietorship company. He built houses which he rented out as well. He also has a block industry. The issue is, the salary account is really low, and for the other account, all other sources of money go into it, which makes the account irregular. This was the account he used for the last visa application that was refused. Please advice on what to do regarding this. Presently he has about 2million in this account.
2. For my mum, she runs her business. She is a distributor for different food companies . Her business is registered. The issue is, she doesn't really have a separate account for her business. Payments made to her are also in cash. Money made after sales are sent to the company she normally gets her goods from in order to buy more goods. Sometimes if she is not ready to order for more goods, she can make the payment to her account pending the time she is ready as she can't keep money in her shop. She spends from this account as well, she doesn't keep a particular amount on a monthly basis for savings . How do we go about this to increase her chance of getting vusa

3. I am filling the application for them. They will both be funding this trip jointly. What will i fill in the section that talks about, is anybody paying towards your trip? Will i select No for dad and No for mum as well? Both of them will contribute towards the trip

4. Also, my husband is with me and works full-time. We intend to provide feeding for them during their stay, (as the hotel booked is close to our house) but cannot accommodate both of them. Should i mention this in the section of 'will anybody be paying towards your trip

5. For ties back to Nigeria, we intend to include business registration document, landed property documents. I also have a younger brother who is just in 100level. Will he also serve as a tie back home. I mentioned him in the the dependant section.

6. My daddy sponsored my masters program and also the first year of my PhD, I have receipts for these, will this add anything meaningful to their visit visa application

Should i add all of my siblings who are in Nigeria but are married as their dependants as well?

Thanks

Please assist house! I have posted this for a week now.

I will reply this later

Fireman01:
URGENT PLEASE @justwise and other gurus


My cousin,who is a citizen in U.k is ready to send invitation and other docs ,starting she will cater for my accomondation and feeding during my seven days visit, also my company is given me letters plus travel allowance which would be made available after successful visa application.

My challenge now is that my salary for the past six months are not reflecting in my account as i get paid directly by the accountant,due to changing of bank for salary of staff process ,which i got letter from my company to defend.

Also i have my paying slip . im married with a kid,my closing balance is 700k.


Please note that my company is giving me 800k as my travel allowance and my cousin is sponsoring my acnmdtn and feeding while in the u.k.


Please do i have better chance to get my 6 months standard visitor visa?

Are you traveling for official duty? Your company can't give you an allowance when you are going on private trip

Slimzain:
Hello justwise and gurus in the house.

I just noticed now while going through my docs that the boxes on the document checklist was not ticked at the official only side and signed as well.

I hope it does not have any effect on my application. Also, I feel it is the TLS that makes use of that for document organisation purpose. Pls guys pls this makes me worried a bit or is it nothing to worry about?

Though, the TLS attendant sorted the documents in my presence. Just that the doc checklist looks like something official is missing.

I will appreciate a response guys.

Thanks

That shouldn't be an issue

Heritagee:
Good day famz. @justwise @ekpotek and other gurus in the house
Can you please help me with this as you've always done? A family of 4 living in a 2-bed apartment who's trying to apply for one of the parents to visit, is there a chance visa would be refused based on accommodation even if other conditions are met? It's urgent please. Thank you in anticipation of your quick responses

I doubt that

Veacon:
Thank you.

I think I need to clarify more. He earns £20000 annually which brings his salary to £1660 + monthly (plus comes from overtime) He started working with his present company in May and we were working towards applying this December, but his November salary fell short (£1510) because sick pay was deducted and his overtime pay (£250) wasn't added either.

My question is, following the error on the payslip (omitted overtime pay), which should increase his November earning to £1760, is there a solution to this?

1. Getting the company to reissue a new payslip with the correction.

OR

2. we apply in January,

then get the company to indicate on the letter they will give him, his earnings, and that there was an error in the November payslip, and also write a signed and stamped note on the payslip indicating the error and what the correct amount is supposed to be and how the correction has been reflected in his December Salary payslip.

What do you think?

Try that first if it doesn't work then go for the second option

Veacon:
Hi Justwise,

Thank you for your response.

He's been with the same company for 6 months (May) and counting (still with d company), and has earned more than the required £18600 annual rate, so I'm a bit confused on what you mean by "wait till we meet the requirement". Please help me elaborate further.

Thank you

Ok if he has earned that much then he can apply and meet the financial requirement either through salary or through savings or both. If he has £16000 in his account now then he is good to go. A letter from his company will state his annual salary too.

Veacon:
Both (unpaid sick leave and pension) were deducted before gross pay.

No he's yet to get the letter, it was supposed to be gotten after we got his 6th payslip, then this came up.

No, he's not worked for a year, He joined the company in May this year.

Please don't be in a rush to apply to avoid refusal, wait until the requirement is met

LUCAS99:
Don’t mind him. We know their type...

Justwise is like your typically Nigeria Uncle in the United Kingdom...

Whenever you call him from Nigeria he will always complain: things are hard. things are hard.. things are hard...

But if you ask him to come back to Nigeria and settle down since the United Kingdom is not working for him, he will refuse to return to Nigeria...

Now tell me what reasonable person will refuse to leave a place that’s unfavorable for him...

That should let you know the kind of person you’re dealing with...

As for me & my family we’re enjoying the United States & appreciate the opportunities this country gives to the common man...

I might not be wealthy right now but I’m better off than I was seven years ago in Nigeria...

You don't know jack about me and what i do for my family but i know a lot about you because all your fraudulent activities are all over online.

dustydee:
I think she deactivated so it may be hard to find.

lol..not for me, just matter of time

maternal:
He also has well off to do family making money. I'm also confused why he hasn't returned.

At the moment i don't see the need to and i'm not living here illegally. I'm wondering why you are missing that last point

dustydee:
I have read on Nairaland here, and I am sure Justwise will remember, of a nairalander and her husband who went to the US and while there the husband lost his job and they decided to stay. She married an "uncle" while the husband "married" someone else to regularise their stay after which they divorced and came back together as a couple. So people go to great lengths that we may not understand why.

Yes i read that post and when i get hold of it i will paste it here though that ID stopped posting after dropping that fraudulent one.

Itiswellblessed:
Are you an immigration lawyer? Can see you're so vast in issues like this.

Please just in case you are thinking of contacting him or he contacted be very careful. He is a questionable character

LUCAS99:
The same justwise that travelled to the United Kingdom about 10 years ago on a Student Visa...

During his interview he was able to convince the Visa Officer that he would leave the United Kingdom at the end of his studies.

That same justwise completed his studies in the United Kingdom but refused to return to Nigeria until he regularized his Stay in the United Kingdom.

That same justwise is advising the op to return to Nigeria without regularizing his stay in the United States.

The Big question is why didn’t justwise return to Nigeria immediately after his studies in the United Kingdom?

If you have done that, I would have personally taking you seriously but you choose the easy way out and got your papers but you now expect the op to come back to Nigeria without his Papers.

You’re not serious justwise...

right

.let me quickly clear up this though i have explained many times before

1. If the lady was on student visa/work visa or her kids were born in US then my view on this issue will be the opposite

2. I did not attend any visa interview during my student visa application neither was i asked anywhere in the form about returning home after graduation.

3. My point about foreign passport not a big deal was in regards to giving up kids for the seek of passport.