Change is afoot in the litigation world, I am sure you are well aware of the fixed recoverable cost changes(!) – but did you know about the recent amendment to CPR Rule 28.14 (3)(c)? Effective October 1, 2023, this rule now imposes a 20-page limit on expert reports in Intermediate Read more…
In the world of forensic accounting and expert witness services, we believe it’s not just about numbers and reports. It’s about understanding the human side of the equation, especially cases involving personal injury and loss quantum. At Formby Forensics, our commitment to a personalised and empathetic approach was recently recognised Read more…
I sometimes take it for granted, but first and foremost we are Chartered Accountants â that is what underlies our Expert Witness work on Loss Quantum and related financial matters surrounding disputes and litigation. So, whilst Formby Forensics provides forensic accountancy advice and opinion reports â that work is backed Read more…
At Formby Forensics, our expertise in personal injury cases often leads to clients seeking our valuable second opinions on Earnings Loss Quantum. In these instances we conduct a thorough initial review of the evidence and provide timely preliminary advice, which can be followed up with a comprehensive CPR Part 35 Read more…
As Forensic Accountants we deal a lot with Pension Loss quantum calculations for Personal Injury and Fatal Accident Dependency claims. The Pension Loss topic typically lends itself well to White Label schedule drafting â and so the Courtâs permission to use a forensic accountant, as your agent, to prepare the Read more…
Claimants with limited companies I have already noted the recent change to the taxation of company profits but there are other personal injury loss quantum issues with companies to be aware of. Earnings losses for claimants that trade through their own limited company, will typically be focused on the lost Read more…
Tax changes This year has so far been relatively straight forward on the tax side of things. Some allowances frozen (until 2028), Capital Gains Tax allowance being reduced over time, interesting tweaks to pension allowances and a change to corporation tax, but otherwise â last year (2022) was the year Read more…
Of interest to those involved in dealing with Personal Injury claims There has just opened a Ministry of Justice consultation on the Personal Injury Discount Rate (PIDR), applicable to future losses/costs. At issue is whether there should be Dual-PIDRs, with different rates applied to different elements of future losses/costs. Full Read more…
From Manuscript Ledgers to Digital Records When I started out, as a trainee-chartered accountant, I had my trusted Casio Calculator – we didnât have computers and neither did the clients. Computers were a rarity and business records were recorded by hand. Back in the day, one came across the most Read more…
With a Personal Injury Earnings Loss claim where the claimant has an Ill-health Pension and is also able to continue working (and so has Actual Earnings) then be very careful how those Actual Earnings are calculated â there may be a significant impact on lost earnings. When a claimant has Read more…