Accountant Negligence: The Real Price to Pay

So your accountant was negligent and due to his negligence you feel like you might have benefitted financially. In fact others might also suspect that the negligence has worked in your favour. What do you do about it? Is it a big deal?

People who have experienced accountant negligence have experienced professional negligence and as such need to pursue a professional negligence claim. But they also have experienced an almost unspoken questioning as to their integrity. HMRC may well assume that the errors in tax paid or VAT were down to the individual and they could even then be accused of fraud. Or people who are aware of what happened, but may not know the full facts may also hold this erroneous belief.

To many people this might not seem like such a big deal, however those whom have suffered accountancy negligence would be quick to disagree with this. It is a double attack; it is quite bad enough that you have had to deal with your negligent accountant let alone others accusing you of fraud, this can be much worse.

We must remember that many of those people whom have been the victim of accountancy negligence have been left with big tax or VAT bills from HMRC. So after you have suffered professional negligence, you may also be faced with a huge tax bill and with questions raised over your financial integrity. It is like being hit from numerous sides at the same time!

The effect that this could have on the person's life could be quite dramatic and it should not be underestimated. People can almost feel like their lives are decimated and all because someone that they trusted was basically negligent.

So that is why anyone who has experienced accountant negligence needs to make a professional negligence claim to ensure that accountants clean up their act and that the instances of negligence are greatly reduced. If people do not claim against professional neligence then accountants will get away with it and it will not be stopped.


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Bonallack & Bishop can help you with your professional negligence claim, so for specialist advice on account negligence claims, contact them today. Senior Partner Tim Bishop is responsible for all major strategic decisions at the firm, which he has grown by 1000% in 13 years and Tim sees himself as a businessman who owns a law firm.