Charted Accountants are highly skilled financial professionals. Individuals and businesses employ the services of Accountants for many reasons, including to advise on financial and tax-related matters.
When an Accountant makes a mistake, the financial consequences can be extremely serious for an individual or business. It can also cause reputational damage and place you in a very comprising position with the HMRC with regards to tax liabilities owing, leading to potential fines.
If your Accountant has caused you financial loss, we must be able to show it was due to the Accountant’s negligence, not other events.
This can sometimes be difficult to prove, and the Accountant may attempt to defend any claim for loss against them. Therefore to robustly prove a causal link between their negligent actions and your loss, we may need to obtain expert evidence from an independent Accountant who is accustomed to the Civil Procedure Rules of England and Wales.
The expert independent Accountant will prepare a report on your behalf. This is to demonstrate and prove that on the evidence and facts of the case, the negligent Accountant caused the financial loss. This expert report will then be used as evidence before a court in support of any claim for financial loss.
The most common Accountant negligent errors are:
We must be clear that we are not able to assist you if the service which you have been provided is simply poor, unless you have suffered financial loss. If this is the case, you may be able to submit a formal complaint; please refer to our ‘Negligence or just a complaint’ page for further information.
We have been approached by many potential clients with the question ‘can I sue my accountant for negligence?’ and in many cases have been able to help them pursue a claim. If you have suffered due to the actions of your Accountant, then contact a claims expert as soon as possible as time limits will apply.
Your Solicitor will be an expert in professional negligence so he will be able to instruct you on the best way forward and the chances of the success of a claim. He will begin by taking a history from you and finding out if professional negligence did occur. If it did, he will then need to show that the Accountant’s actions positively contributed towards you losing money. If necessary, your Solicitor will employ the services of an expert in accountancy to give a second opinion.
If you have approached us to explore the question of ‘can i sue my accountant for negligence?’ and it looks like you have a case where there is a good chance of winning compensation, then your Solicitor will agree to represent you.
There are many ways of funding legal proceedings and some Solicitors offer a ‘no win no fee’ basis if they can. This is great as you will not pay a fee unless the case is successful. Alternatively, if this option is not available, he may recommend other ways of covering your legal costs.
Always seek expert legal help as soon as you can to avoid missing out on financial compensation to cover your losses. Here at Been Let Down, our team of professional negligence Solicitors have a wealth of experience in such claims. If you are ready to explore the question of ‘can I sue my accountant for negligence?’ via a free initial consultation with one of our legal experts, get in touch with us today by phone, email or filling out our online contact form.