Areas of Expertise
Our team of forensic accountants has a wide range of expertise and many years’ experience in providing quantum assessments and financial investigations to assist in the settlement of financial and legal disputes.
We are instructed by solicitors, insurance companies, corporate organisations, local authorities and private individual in both Claimant and Defendant scenarios, ranging from complex multi-million pound disputes to claims valued in the thousands.
Forensic Accounting Services - 0113 387 5670
Our team of forensic accountants are consistently praised by clients for their independent, expert and robust opinions and specialist expertise.
We have honed our specialist forensic accountancy expertise over the years and areas in which we have considerable experience include:
Personal Injury and Clinical Negligence Claims
Our forensic accountants assist solicitors in quantifying the elements of financial loss in all types of personal injury, clinical negligence, industrial disease, military and catastrophic/fatal cases. Our expertise covers loss of earnings, loss of profit, loss of pension, loss of dependency and loss of years in both self- employed and employed scenarios.
Insurance Litigation / Business Interruption Claims
We undertake a considerable number of instructions to assist in the assessment of losses in insurance litigation cases, particularly in relation to business interruption claims (i.e. loss of profit for self-employed individuals). We are also experienced in handling Section 8 matters.
The team at Forths assist in a wide range of criminal defence cases across the UK that involve a financial element. Our forensic accountants are regularly instructed on matters relating to proceeds of crime (POCA), money laundering, conspiracy cases, tax and VAT offences, white collar crime and regulatory offences, confiscation orders and financial fraud investigations.
Commercial Disputes
We can apply our forensic accounting skill set to assist individuals and solicitors in a wide range of commercial disputes. Our expertise in this area includes shareholder/partnership disputes, breach of contract, product claims, warranty claims, compulsory purchase orders and class actions.
Professional Negligence Claims
We are often instructed in professional negligence matters to consider the financial loss caused by negligence professional advice. Our expertise in this covers solicitor negligence, accountant negligence and surveyor negligence.
Divorce and Matrimonial Disputes
It is most commonly the case that there is a dispute over finances and assets when a couple divorce. Forths are regularly instructed to conduct financial investigations to trace hidden bank accounts assets and to conduct business valuations.
Tax Investigations and Voluntary Disclosures to HMRC
Over the last few years HMRC has been pushing hard to clampdown on tax evasion and tax avoidance. We have extensive experience in advising individuals who are subject to a full tax investigation by HMRC. We understand how HMRC work and are able to be the go between during what most experience as a stressful time. We also assist in making voluntary disclosures of tax liabilities to HMRC.
Given our structure we are able to handle high volume caseloads in all areas.
To hear more about our Forensic Accountancy Services or to discuss your specific requirements with a member of our team call 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.
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.