Protecting professional fees

Article Abstract:

Accountants are frequently blamed by clients for any misdemeanors uncovered by investigations by the UK Inland Revenue or Customs and Excise, and the subsequent fines can cause a client to sue accountants for negligence and deny payment for service rendered. Accountants can receive protection from the negative consequences of investigations though professional fees protection insurance schemes. Insurance schemes offer accountants many advantages, including prompt payment of fees, recovery of realistic fees, and upfront settlement of premia. Schemes offered by Copperfield & Co Ltd, Hargreaves Lansdown Insurance Brokers, Hambro Legal Protection Ltd, IRPC Tax Protection Service, Johnson Fry Tax Disputes Insurance Protection Scheme, and Professional Fee Protection Ltd are profiled.

Services, Insurance, Investigations, Professional workers, Professional employees, United Kingdom. Board of Inland Revenue, Great Britain, United Kingdom. Board of Customs and Excise, Copperfield and Company Ltd., Lansdown Insurance Brokers Ltd., Hambro Legal Protection Ltd., Professional Fee Protection Scheme Ltd.

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Power steering

Article Abstract:

The power of attorney is a good contingency arrangement for accountants whose clients become incapacitated. The benefits and drawbacks of the enduring power of attorney versus the lasting power of attorney are discussed.

United Kingdom, Management dynamics, Evaluation, Practice, Power of attorney

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