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 – 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 didn’t 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 – there may be a significant impact on lost earnings. When a claimant has Read more
Forensic accountancy expert evidence is a valuable litigation tool which, once deployed in the cost-conscious litigation arena, has to be carefully managed in order to achieve maximum impact at a proportionate cost. Good communication – guiding star Once a party has established breach and causation, quantum is everything, and so Read more
Off-payroll working – Big Change from 6 April 2021. If you have an Injury or Fatality claim involving someone who used a Limited Company structure for their business trade – then their loss quantum may be affected by taxation changes that come into place from 6 April 2021. The legislation Read more
Traditionally (well from the 1990’s) forensic accountants were used to present the trickier salary and profits losses for injured Claimants and fatality claims as Expert Witnesses. However, over ‘recent’ years – well around 10 in my experience, so not so recent! I have seen forensic accountants assisting litigators in an Read more