We helped our client when an accountant failed to advise on the tax advantages for a professional firm of trading as a limited company. Because they failed to give this advice, our client paid a considerable amount of unnecessary tax. By the time they found out, they could no longer recover the overpaid tax.
We commissioned forensic tax accountants to report on whether a reasonably competent accountant should have advised on the potential tax saving. They also advised on the amount lost as a result of the failure to give that advice. The accountant's insurers have now admitted liability and we are in negotiation with them on the precise amount to be paid, with the continued threat of court proceedings.
If you think you've suffered from professional negligence and you'd like to discuss a potential claim, please call 0117 926 4121 or make a free online enquiry.