If you’ve suffered financial loss because of accountant negligence, you may be feeling let down and frustrated.
Accountants are used by individuals and businesses to help manage their finances, including financial advice, bookkeeping and administrative services. When you’re paying for such a specialist service, you expect your accountant to handle your finances professionally and put your best interests first.
While small mistakes can happen from time to time, accountant negligence can have serious consequences for you and your business.
You shouldn’t be financially worse off because of a negligent accountant and our Professional Negligence Solicitors can help you put things right.
Get in touch to see if you can make a Professional Negligence claim.
Meet some of our Professional Negligence Solicitors
Why Choose Simpson Millar?
- Members of the Professional Negligence Lawyers Association – our Solicitors are accredited experts in litigation and dispute resolution, so you can be confident that your case is in the best hands.
- No Win, No Fee – we handle many Professional Negligence claims on a No Win, No Fee basis, which means you’ll only pay our legal fees if we win your case.
- Open Lawyers – our Professional Negligence Solicitors will give you clear and straightforward advice throughout your claim and always keep you updated so you know exactly what’s happening with your claim.
Examples of Accountant Negligence
Every case is different but examples of accountant negligence include:
- Incorrect tax advice
- Missing deadlines to file annual tax returns
- Failing to draw up accurate accounts
- Not advising you about tax regulations
- Over or undervaluing company assets
- Failing to advise you on capital allowances in a commercial property transaction
- Failing to identify an entitlement to relief for research and development for all or part of your business
You may not know if your accountant’s actions were actually negligent, so it’s always best to get specialist legal advice as soon as possible if you’re not sure. Our Professional Negligence Solicitors can look at your situation and tell you if you’ve been affected by negligence.
What are my Rights?
In England and Wales, most accountants are accredited by either the Association of Certified Chartered Accountants (ACCA) or the Institute of Chartered Accountants in England and Wales (ICAEW).
If you’re not satisfied with the accounting service you’ve been given, you can make a complaint directly to one of these independent bodies.
But professional negligence is different to simply getting poor service. Professional Negligence is where a professional owed you a duty of care, they breached that duty because their service fell below the standards expected of them and you suffered a financial loss because of this breach.
What’s the Process for making a Professional Negligence Claim?
- Give us as much information as you can, along with any instructions or paperwork from your accountant. If you have a contract with your accountant, we’ll need to analyse its terms and conditions.
- Our Solicitors will assess the validity of your case and outline the grounds you have for making a claim. To establish your claim, we’ll need to get an opinion from another accountant.
- We’ll examine whether you suffered a financial loss because of your Accountant and collect evidence to demonstrate their We’ll also arrange for an expert opinion from a Forensic accountant, if needed.
- We’ll aim to settle your claim without having to go to Court. If we do need to issue proceedings, we’ll be with you every step of the way.
One of our Professional Negligence Solicitors can talk you through the claims process in detail when you get in touch.
Time Limits for Making a Professional Negligence Claim
In England and Wales, you must make a claim within 6 years of the date of the negligence, or within 3 months of the date when you first knew you’d suffered a loss.
We recommend getting legal advice from a Professional Negligence Solicitor as soon as you can so you don’t miss any important deadlines.
How Much Does it Cost to Make a Claim?
We can usually deal with Professional Negligence Claims on a No Win, No Fee basis. This means you won’t need to pay any legal fees upfront, and you’ll only pay our legal costs if your claim is successful.
We’ll always be transparent about our fees and we offer free initial legal advice without any obligation to continue. Get in touch to see how we can help you.
For free legal advice call our Professional Negligence Solicitors
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Simpson Millar Solicitors are a national law firm with over 500 staff and offices in Billingham, Bristol, Cardiff, Catterick, Lancaster, Leeds, Liverpool, London and Manchester.