New Law Journal – 9 November 2018 Users of expert accountants’ reports need to subject them to critical scrutiny. George Sim explains how and why. In Brief Report contents – does the report do what it sets out to do? Limitations on the quality of information relied upon. Expert accountants’ reports vary considerably. Some are
November 2018 Joint business ventures are common between parties who combine resources to carry out a specific activity. It is important, however, for the parties in a joint venture to be clear as to what they wish to derive from it and for the rights and responsibilities of the participants to be expressed as clearly
June 2018 This newsletter aims to give an overview of issues relating to the main UK taxes which may arise from a divorce or the dissolution of a civil partnership. One of the quirks of the tax system is that for some purposes separation is the significant event whereas for others the date of divorce
New Law Journal – 5 January 2018 Rakesh Kapila offers some helpful insights into understanding financial statements In Brief Key aspects can affect the value of a set of financial statements to the user. It may be important for solicitors to consult forensic accountants for their expertise in interpreting and investigating financial statements before deciding
March 2018 The extent to which partnerships codify the relations between partners varies considerably: some have complex partnership deeds whereas others work on an informal basis. All partnerships, however, may experience disputes between partners and, even if a partnership deed exists, it may not address the issue which is the cause of a particular dispute.
New Law Journal – 13 October 2017 The complex job of dividing up pension rights on divorce is best done with the assistance of a forensic accountant, says Rakesh Kapila. In Brief Forensic accountants can offer expertise in valuing pension rights as well as experience of the litigation process. Valuations obtained in relation to different
New Law Journal – 7 July 2017 Forensic accountants play a vital role in litigation, both as advisers to the parties to a dispute and as experts. George Sim shares his experience from the coalface. In Brief It may be important for solicitors to consult forensic accountants for their expertise in valuation methods and their
September 2017 Information on the financial affairs of a business is important in many types of legal action, including loss of earnings or loss of profits claims, and cases in which valuations are necessary, for example shareholder disputes and matrimonial settlements. Since the available information such as financial statements and management accounts relates to the
July 2017 Financial statements summarise the performance of a business over an accounting period, usually a year, and its financial position at the end of that accounting period. Limited companies and limited liability partnerships (LLPs) must comply with detailed statutory requirements covering the form and content of financial statements. There are no such requirements in
May 2017 Forensic accountants examine and report on the financial aspects of legal claims and disputes and play an important role in many types of litigation. The specialism has grown in recent years and there is a choice of firms for solicitors and others seeking financial input on claims and disputes. We list below various