When you are running a business or have a lot of money that needs to be handled correctly, you might consider hiring an accountant. This is the person that you trust to deal with your accounts and make sure that everything has been managed properly. Of course, accountants make mistakes, and sometimes clients can make a claim over their professional negligence. Here, we are going to talk you through some of the reasons why this might be possible.
Lack of Account Preparation
Your accountant is often left in charge of preparing your company accounts and making sure that they are in order. They need to be doing this correctly, so make sure you give you provide all the right and relevant information. Some companies who find that some of their documents contain errors and have not been appropriately prepared might be able to make a claim against the accountant for professional negligence. Make sure to get in contact with a professional negligence solicitor who can let you know if you can make a claim against your accountant.
Too Much Tax Paid
Paying tax for your business can be a tricky matter and so employing an accountant to handle this and make sure that you are paying the right amount each month can be a great idea. However, if you find that your accountant has mishandled your taxes, and this had led to you paying too much – you might find that you can make a professional negligence claim against them.
HRMC Fines
Another reason why you might want to get in contact with a professional negligence solicitor is when your accountant has caused issues with the HMRC. As you know HMRC tend to give out fines if things haven’t been filled in time and over time these can build up. Make sure that you put in a claim with a professional negligence solicitor if your accountant has caused you to receive fines.
Tax Return Errors
As we have already discussed, your accountant tends to be in charge of dealing with your taxes and your tax returns. Many different things can go wrong with tax returns and there are consequences for each of these. Although you should be checking in with your accountant regularly to make sure that everything is going okay, you should also make sure to claim if something does go wrong.
Final Thoughts
Professional negligence is a significant matter, and if you are ever a victim of this sort of issue, then you should make sure to get in contact with your solicitor as soon as possible. Make sure to check up on your accountant regularly and make sure that everything is going smoothly regarding tax returns. If you do receive any fines, you might find that you can make a claim against your accountant and prevent this from happening in the future. Get in contact with a reliable professional negligence solicitor to see what they can do for your business.
