Negligent Accountant Advice

At Taylor Rose, we have a dedicated team of Professional Negligence lawyers. They are members of the Professional Negligence Lawyers Association (PNLA) and have many years handling all types of professional negligence claims.

It is important to appreciate that a claim for negligence is different from being unhappy with the service you received.

In England and Wales, accountants will be regulated by either the Association of Certified Chartered Accountants (ACCA) include www link or the Institute of Chartered Accountants in England and Wales (ICAEW) include www link. If you are unhappy with the service you are receiving you can make a complaint direct to the accountants or their governing body.

Common Types of Accountant Negligence

• Providing incorrect or misleading advice

• Missing important dates for filing or submissions of Tax Returns

• Failing to advise on Tax benefits or liabilities

• Overlooking tax issues in various parts of a business

• Failing to advise and consider specific entitlements, such as Research and Development tax allowances

• Failing to accurately draw up and submit accounts

• Negligence with employee share schemes

• Not advising properly on insolvency

• Negligence when advising on funding including loans, corporate finance or private equity investment

These are just a few of the more common types. Each case will turn on its own facts.

It is important on each case to understand what the duty owed by the accountant was and being able to prove they have breached that duty and consequently you have suffered a loss. It is important to look at the retainer or letter of engagement between you and the accountant.

At Taylor Rose we understand that these situations can lead to worry and stress, especially if there are financial demands being made as a consequence. We understand the concerns and the issues and will provide you with an honest view on your case. We will tell it as it is.