Accountants may be sued for negligence when they fail to comply with their professional obligations to act with reasonable care and skill under their retainer. Businesses and individuals rely on their accountants to perform their work correctly and honestly. Where an accountant is found to have failed in that obligation it can cause loss to business and individuals who may need to recover it.

Examples of accountants’ negligence includes:

• Providing incorrect advice about tax and estate planning
• Preparing inaccurate accounts
• Negligently valuing a business’ assets
• Missing deadlines for filing accounts and having a company struck off
• Failing to spot fraud and money laundering
• Failing to follow instructions from their client

Anthony Gold has a breadth of experience acting in claim against accountants. We regularly receive instructions from individuals or trustees who have been provided with incorrect tax and wealth planning advice. As well as taking action against the accountants are team works with experts who are able to provide proper tax advice going forward.

Our commercial litigation team also takes claims against accountants on behalf of third parties who rely on the accounts prepared by accountants when making investment decisions.

Financial advisors may be negligent if the advice that they have provided is incorrect, or they have failed to follow your instructions or carry out their duties with proper care. If this has caused a loss it may result in a claim.

If you believe that accountancy or financial advice you have been given is incorrect and you are suffering loss, contact a member of our team for a consultation.