Questions
Q: How did you find me? A: We regularly analyse information provided by Companies House relating to companies who have recently be placed into administration or liquidation. Based on the basic information we can quickly identify individuals who have a good opportunity to reclaim tax.
Q: Can I reclaim company or personal tax? A: This is purely a personal tax issue relating to your status as a shareholder of the business. It bears no relation to company tax affairs.
Q: Will I have to find old paperwork and submit it to you? A: No, once appointed by you we will be able to gain access to the relevant documentation on your behalf.
Q: If the company still owes money to the Inland Revenue does that affect my changes of reclaiming money? A: No not at all, the financial issues relating to the company don’t affect your personal taxation rights.
Q: What happens if I didn’t pay an income tax? A: Unfortunately you won’t be able to claim any refund.
Q: What happens if I owe money to the Inland Revenue? A: Upon a successful refund your claim will be placed on your Inland Revenue file and will affect your tax liability accordingly. Once any outstanding tax debt has been cleared you will be paid any surplus amount in the form of a cheque.
Q: I already have an accountant so can he arrange this for me? A: Yes of course, however, not all accountants are specialists in this area, those who are may choose to charge you irrespective of the outcome of your claim. We are not taking the place of your existing accountant (unless you ask us to!) but working in a complementary capacity.
Q: Will I need to advise my existing accountant that I have appointed you for this purpose? A: No not unless you choose to, this is a separate issue to the general accountancy service provided by your existing accountant.
Q: I have already received funds through EIS, does this affect my potential to claim? A: It might do but we will explore this on your behalf. You may still be entitled to make a further claim.
Q: My relatives haven’t received a letter from you but they were also involved in the business, why is this? A: In order to qualify you must be an original company shareholder and original allottee. If your family members are then we will happily write to them for you.
Q: My tax affairs are not up to date, should they be before commencing this claim? A: Yes! We recommend that if possible you ensure your tax affairs are in order prior to commencing a claim. We can assess your current status and advise you on the best course of action with regard this claim.
Q: Can Sterling Financial help me with my general tax affairs and investments? A: Yes of course! We can help you with any personal or business related tax and investment strategies.
Q: How long will the claim take? A: More simple cases average 12 weeks, in more complicated cases it may take longer.
If you would like a more detailed explanation to any of the answers above or have any further questions call Georgina Jones or Clare Lancaster on 01543 483 500 and we'll happily discuss with you.
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