Personal Injury and Clinical Negligence
Our team of forensic accountants have considerable experience and expertise to assist in calculating financial loss in all types of personal injury and clinical negligence matters, in both Claimant and Defendant scenarios.
We have developed a range of forensic accounting services to assist in investigating and calculating the quantum loss elements in all types of personal injury and clinical negligence claims. We assist in cases ranging from thousands to multi million pounds, and also have experience of dealing with cases involving international elements.
Our forensic accountancy services are delivered on an Agency / White Label or Expert basis.
Special Damages
Analysing and quantifying financial loss in personal injury and clinical negligence cases can often be complex and encompass a myriad of different factors. Our team of forensic accountants have specialist expertise to assist in calculating special damages and financial loss relating to:
Loss of Earnings
We have considerable expertise and experience in producing detailed and thorough investigations and reports into the assessment of lost earnings for both self-employed and employed individuals, often to consider multiple scenarios.
We have a depth of experience in complex employed Claimant scenarios, particularly in relation to high earning individuals, and employees in local authority, NHS, MoD, Police Service, Fire Service and education.
In self employed Claimant scenarios we consider all elements relating to the client and the loss to their business, for example, associated costs, loss of opportunity, etc.
Loss of Profit
For business owners and self-employed Claimants we are able to assess loss of profit / loss of income to include detailed consideration of trading history, growth patterns, impact on income streams and expense patterns.
We are regularly called upon to liaise directly with a Claimant's accountant in order to obtain all relevant profit and loss accounts information.
Loss of Pension
Pension loss elements in cases are usually highly complex, and we have considerable expertise in this area, particularly in consideration of multiple schemes.
We provide detailed reviews and reports to assist in all types of cases where the client has suffered a loss of pension. In cases involving pension loss we are happy to obtain all relevant pension scheme information to assist in quantifying the client's loss.
Loss of Dependency
In fatal cases we are able to apply our skills to assist in calculating accurate percentage of dependency where a family remains of the deceased. We appreciate that such cases are complicated and delicate. Our forensic accounting skills regularly assist in dealing with the highly complex quantum elements in dependency claims.
Forensic Accounting - Call Forths on 0113 387 5670
We have developed our forensic accounting services to assist in all types and values of cases, and given our size and structure we are able to handle high volume case loads, produce different reporting formats and deliver high quality work to tight deadlines.
We assist in cases valued from thousands to multi million pounds and are regularly called upon to assist in all types of cases including:
- Road Traffic
- Public Liability
- Employers Liability
- Occupiers Liability
- Product Liability
- Industrial Disease
- Clinical Negligence
- Criminal Injuries
- Military Claims
- Cosmetic Surgery Negligence
We provide flexible solutions and are also happy to assist in collating the relevant information to support the Claimant's financial loss.
To hear more about our Forensic Accountancy Services or to discuss how Forths can assist you in Personal Injury and Clinical Negligence cases, call us on 0113 387 5670
Alternatively you can send an email to enquiries@forthsonline.co.uk or fill out an Enquiry Form and a member of our team will contact you at the earliest possible convenience.
Recent tax changes announced by Chancellor Jeremy Hunt may mean that any future loss calculations may require review. If you have an ongoing case that we have assisted with, we would be happy to discuss this with you. Likewise, for any potential new instructions we are always happy to have an initial chat. National Insurance Cuts On 6th January 2024 cuts to National Insurance rates will come into effect for employed Claimants: The main NI rate is being cut from 12% to 10%. From April 2024 for self employed Claimants: Class 4 NI rate will reduce from 9% to 8%, and; Class 2 NI contributions will be scrapped. The changes will affect future Loss of Earnings calculations. State Pension Changes There will also be a rise in State Pension of 8.5% from April 2024. Losses to State Pension are considered on a case by case basis. How We Can Assist Our experienced team assist with Loss of Earnings, Pension Loss and Loss of Dependency elements in all types of PI, Clinical Negligence and Fatal cases. Our approach is to ensure that your client’s Special Damages are optimised. We offer flexible solutions and reporting styles depending on the case requirements, and can assist you in the information discovery process. We are also happy to liaise directly with clients to assist in the progress of the case. For more information about our hourly rates for Expert CPR or White Label / Agency Services, and deferred payment terms, talk to our team. Contact us here Call us on 0113 387 5670 Email - enquiries@forthsonline.co.uk
In the 2023 budget, Chancellor Jeremy Hunt announced fundamental changes to the Annual Allowance and Life Time Allowance charges for pensions savers. What are The Allowances? The Annual Allowance is the amount that an individual can pay into their pension scheme (both their own and their employer contributions) each year before paying Tax on the contributions made. The Life Time Allowance is the total amount an individual’s pension fund can be before they pay additional Taxes on their pension benefits. What Has Changed? The Annual Allowance has increased from £40,000 per annum to £60,000 per annum. The Lifetime Allowance, which was £1,073,100, has been abolished. What Does This Mean for Your Client? If you have a high earning client (often in the public sector where employer contributions are more generous), then your current calculation of lost pension benefits may include deductions for tax under both the Annual and Lifetime Allowance schemes and so may now be materially understated. How Can We Help? Our team have vast experience in assessing pension loss claims for all types of occupations and are fully au fait with the changes to the Tax rules from April. We would be happy to carry out a review of your pension loss calculations either on a stand alone basis or in conjunction with other relevant heads of claim.
Contact us today to find out how we can assist you...
To hear more about our Forensic Accounting Services or to discuss a potential case with a member of our team, call us on 0113 387 5670.
Alternatively, you can email us at enquiries@forthsonline.co.uk or fill out an Enquiry Form and we will contact you directly.