Ask a UK Accountant for Free.

Ask your questions to us and get the best ever solutions in a very quick time. 

Ask Your Question to our Highly Qualified Accountants. Please submit your questions below.







Typical UK Tax & Accounting Questions And Answers

Q

CAN I CLAIM A TAX REFUND?

A

There are a number of circumstances where you may be eligible for a tax refund. If you don’t want to do it yourself, you can enlist professional tax refund companies. Many companies will claim any tax refunds from the last 4 years, and the refunds will reach you in 4–8 weeks. To apply, you’ll need a P45, a P60, or a statement of earnings.


Q

SHOULD I HIRE A PROFESSIONAL TO FILE ACCOUNTS, TAX RETURNS, TO HELP WITH TAX MATTERS?

A

Jupiter Accountants may be able to help you with your tax. We offer services like filling in your Self-Assessment tax return or providing advice if you run your own business. You will need to authorise us to deal with HMRC for you.


Q

DO I HAVE TO FILE ACCOUNTS FOR A DORMANT COMPANY?

A

Directors must prepare dormant accounts for Companies House every year. You will have to do this even if the business remains dormant from one financial year to the next. If your company is not trading, you can tell HMRC that it’s dormant for Corporation Tax and HMRC will acknowledge this so that you don’t file any re


Q

WHICH IS BEST LIMITED COMPANY OR SOLE TRADER?

A

Sole traders have unlimited liability, as they’re not viewed as a separate entity by UK law. This means that if the business gets into debt, the business owner is personally liable. … Tax rates on sole traders aren’t always as kind as they are on limited companies. For further detailed and personalised advice get in touch with our accountants at info@Jupiter-accountants.