Financial loss at the hands of a negligent accountant can have serious consequences. On some occasions an accountant or a firm of accountants may fall short of the expected professional standard or fail to act in their clients’ best interests.
If professional negligence by an accountant has directly led to you losing out financially, you may be able to claim compensation on a No Win, No Fee basis – ask us for details.
For free legal advice call our Professional Negligence Solicitors.
Although each case is unique, we do see some common reasons for making a professional negligence claim against an accountant, including:
- Incorrect tax advice
- Missing deadlines to file annual tax returns
- Failing to draw up accurate accounts
- Not advising clients about tax regulations
- Over or undervaluing company assets
- Failing to advise clients on capital allowances in a commercial property transaction
- Failing to identify an entitlement to relief for research and development in respect of all or part of your business
Sometimes it can be hard to work out if the accounting service you received was in fact negligent. But if you speak to one of our Professional Negligence Solicitors, we can clarify the situation for you and advise you if your claim is likely to be successful.
What’s the Process for Claiming against an Accountant?
You'll first need to speak to one of our Solicitors, making sure that you give them as much information as possible, including the instructions that were given to the accountant. If an agreement was made with the accountant and a contract was drawn up, our Solicitors will analyse its terms.
Following this, our Professional Negligence Solicitors will examine whether the accounting service you received led to a financial loss and they'll collect evidence that demonstrates the accountant's negligence. This may include getting the expert opinion of an impartial expert accountant.
Our Solicitors will assess the validity of your case and outline the grounds you have for making a claim. In most cases, the Professional Negligence Solicitor dealing with your case will try to resolve your claim without the need for legal proceedings. This will, however, depend on the nature of your case.
Time Limit for Making a Professional Negligence Claim
English law states you must make a claim either within 6 years of the date on which the negligence by an accountant took place, or with 3 years of the date on which you first knew that you had suffered a loss.
Our Professional Negligence Solicitors have years of experience in bringing claims against Accountants, Architects, Barristers, Solicitors, Surveyors and Independent Financial Advisors.
We’re also members of the Professional Negligence Lawyers Association.
For free legal advice call our Professional Negligence Solicitors
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