A negligent accountant can cost you more than money
Most people rely on an accountant to manage their financial affairs so they can concentrate on other things, safe in the knowledge that their finances are in good hands. But when an accountant is negligent, it not only affects your financial standing; it can also affect your livelihood and your emotional wellbeing.
How do I know if my accountant has been negligent?
Your accountant may have been negligent if they:
- provided incorrect tax advice
- failed to lodged business activity statements and tax returns
- prepared financial statements or documents that contain significant errors
- prepared a financial analysis of a business that was incorrect
- failed to advise of taxation consequences associated with a financial transaction
- conduct a financial audit poorly
Whether your accountant's negligence occurs through genuine error or by intentional means does not matter. What matters is that the accountant has failed to abide by the duty of care they owe to you.
Professional negligence claims are subject to strict time restrictions. The limitation period varies depending on the legislation applicable in your state, however, it is generally 3-6 years. The limitation period begins from when damage is suffered as a result of breach of duty and until a claim is filed against the professional. Talk to us today to know where you stand.
It pays to speak to an expert
Our accounting negligence lawyers are experts in understanding this area of the law. We have systems and processes in place to help clients pursue claims in a cost-effective and efficient manner. We can manage your claim for you from start to finish and support you every step of the way.
Our team will work closely with you to:
- Identify whether negligence has taken place
- Assess the viability of your claim
- Explore all possible avenues for compensation
- Determine the best course of action to minimise risk and maximise return
- Provide flexible litigation funding options to reduce any financial pressure.
We have the skills and expertise to hold negligent accountants to account. We take pride in offering clear and helpful advice about your options, your prospects of success, and your potential for compensation.
If you have suffered financial losses as a result of negligent or inappropriate advice contact us today.