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Mistakes happen. If the quality of the work carried out by your accountant falls short of reasonable standards and you suffer a loss, there may be justification for a claim of professional negligence to be made.

Davidsons Forensic Accountants deal with many issues arising in Divorce matters and one of the most frequent is that of Directors’ Loan Accounts. Here we set out some of the recurring questions we are asked. How do Directors' Loan Accounts affect the value of a business? What tax is payable on them? When should they be repaid?

This blog discusses the Kittle Principle, where HMRC may deny a taxpayer the right to deduct input VAT in relation to fraudulent transactions. Outlined are some common characteristics of VAT fraud and steps to take to protect your business.

In the next in our series of blogs on Covid Fraud, this week we look at why Insolvency Practitioners and financial institutions are turning to private prosecutions and what steps directors should take to protect themselves after having taken out Business Interruption Loans.

As the transacting and holding of cryptocurrency assets becomes more mainstream in the economy, issues when dealing with divorce proceedings are more likely to arise, such as hidden assets and valuation.

We will need to be vigilant against potential fraud as post-pandemic liquidations and bankruptcies begin to rise. This article highlights some of the red flags that forensic accountants look out for that can indicate potential fraud in the insolvency process.

Furlough Fraud is a problem that is and will continue for many years to be an issue for Her Majesty's Revenue & Customs. How has furlough fraud been carried out? What are the penalties for furlough fraud and how does HMRC investigate? What action should I take now to prepare for an HMRC audit?

The Government furlough scheme ends on 30^th September and no indications have been given that it will be extended. Some argue that there is no need to do so if there are no restrictions on businesses operating normally. However, some predict an avalanche of liquidations and bankruptcies. How is it possible to determine if a business is in financial distress i.e. the business is unable to generate enough revenue or income to meet its financial obligations?

More than 12 months ago we warned that the completion of a simple 2 page self-certification form online would result in a plethora of fraudulent claims. Our worst fears have been confirmed. Bounce Back Loan fraud is being forecast at more than half the £43bn lent.

Everyone seems to be talking about cryptocurrency these days, but many are unsure how to define it and fewer still know exactly how it works. In this blog, we attempt to answer two fundamental questions.