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If a negligent accountant has caused you loss, we can help you make a claim.
If you have put your trust in an accountant, and then suffered financial loss as a result of their advice or actions, we can help you claim compensation from them.
Our expert team of professional negligence solicitors has much experience in advising businesses and individuals on claims against accountants. Our solicitors will work to take the stress out of the situation, and will always give you straightforward, practical advice.
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Types of claims against accountants
Our professional negligence lawyers can provide a range of support and knowledge, including:
Suing An Accountant
Our expert team of professional negligence solicitors has many years of experience in advising businesses and individuals on professional negligence claims. We can help you if your accountant has caused you loss.
We understand that you may feel a little nervous by the idea of suing an accountant, and are likely to have many questions about your rights and the processes. When you work with Levi Solicitors, you will receive bespoke support every step of the way.
Accountant Duty Of Care
All professionals owe their clients a duty of care. This means that they must perform their jobs to a reasonable standard and with reasonable care. However, if your accountant’s advice or actions fall below the standard that you should reasonably expect, you may be able to make a professional negligence claim against your accountant.
When you first make contact with us, we will start by establishing whether your accountant has breached their duty of care. Where we believe you have a case, we can discuss costs and the next steps.
If you do not have the basis of a professional negligence case, we may still be able to guide you to make a complaint against your accountant, depending on the circumstances.
Accountant Professional Negligence
Businesses and individuals regularly use accountants to advise and act on their finances. In most cases, their advice and actions are of a good standard. However, sometimes things go wrong, meaning that you lose out financially as a result. Examples of accountant negligence include:
- Incorrect or negligent tax advice
- Failure to detect misappropriation of funds or fraud
- Failure to complete a tax return resulting in penalty charges
- Negligent completion of an audit report
- Negligent overvaluation of a company asset
- Incorrect valuation of the goodwill of a business
- Failing to follow instructions.
If you feel you have a claim against an accountant, it is important to seek specialist legal advice from an experienced professional negligence solicitor. There are strict time limits for professional negligence claims including those against accountants. Generally, this is six years. However, there are some exceptions, so it is always worth contacting us to discuss your claim. We always recommend that you contact us as soon as you become aware of any negligence.
Complaints Against Accountants
Many accountants in England and Wales are accredited by the ACCA (Association of Chartered Certified Accountants) or the ICAEW (Institute of Chartered Accountants in England and Wales). Both bodies have complaints procedures and you may be able to approach them if you have received poor service.
If you have a complaint against an accountant, we can advise you on whether it is worth approaching the professional body to make a complaint as well as making a professional negligence claim.
Even if you have had a negative decision from the professional body, we may still be able to help you.
Frequently asked questions about professional negligence claims against accountants
Can I make a claim against my accountant?
Accountants’ negligence can arise from all sorts of different instructions and scenarios. We will work to resolve any issue that has arisen out of an accountant’s negligence, and to ensure that you are adequately compensated for your losses.
How do I make a negligence claim against an accountant?
Our team will start by reviewing the circumstances of your case. If they believe that you have the basis of a claim, we will gather the appropriate evidence and start to build your case.
On what grounds can you sue an accountant?
Under these circumstances, you may be able to sue your accountant, on the grounds that the owed duty of care was breached.
Cases like these are referred to as instances of professional negligence. To bring a professional negligence claim against an accountant, you will need to instruct a solicitor to assess, build and pursue your claim, eventually securing compensation if successful.
What are types of accountant negligence?
- Providing incorrect or negligent tax advice
- Incorrectly valuing a business asset or the goodwill of a business
- Failing to complete a tax return (in time or at all), resulting in penalty charges
- Negligently auditing a company
- Failing to detect fraud
- Providing advice which might constitute tax evasion.
Is there a time limit to make an accountant negligence claim?
There are some cases where a different time frame might apply, so it is important to seek specialist advice as soon as possible.
How much can I sue my accountant for?
It is hard to determine exactly how much compensation you can receive for a claim against an accountant. At Levi Solicitors, we handle claims from £10,000s to £1,000,000s.
Is my accountant insured?
Non-chartered accountants are not obliged to have professional indemnity insurance. However, it is certainly advised.
We will investigate the accountant’s insurance status for you and advise you on the best course of action depending on the results.
What can I do if I have received a poor service from my accountant?
Professional Negligence Team
What Our Clients Say
Working with Levi Solicitors has been a very good experience. I am really pleased that I selected the firm to represent me in this professional negligence claim and I am delighted with the highly satisfactory outcome of the case. Thank you very much! I would heartily and sincerely recommend your services.
I dealt with Steven Newdall in a professional negligence claim and I have to say his legal judgment and skill throughout the process was simply brilliant. In addition to that, having matters explained to me in layman’s terms, and being kept fully informed throughout kept me at ease and took the stress of dealing with this away from me. I would highly recommend Steven.
“Professional and knowledgeable. Levi Solicitors were absolutely brilliant, very knowledgeable and professional. I have 100% confidence that anything I need from them will be done to the highest standard.”
“I would definitely recommend Levi Solicitors as I found their legal services to be professional, effective and efficient.”