Call us now:
HMRC Debt Treatment in Insolvency Situations
Win your case with our Forensic Accountants [starbox] HMRC Debt Treatment in Insolvency Situations Introduction: Navigating the Complexities of HMRC Debt and Insolvency Since 1948,…
Win your case with our Forensic Accountants
Contents
show
[starbox]
Should You Engage a Forensic Accountant for Your Divorce? Expert Advice
Introduction: The Complexity of Divorce Proceedings
Looking for forensic accounting solutions that you can trust? Fill in the contact form on the right and a member of our dedicated team will contact you to discuss next steps.
Divorce is often a lengthy and stressful process, involving not just emotional turmoil but also complex financial matters. When assets are involved, particularly high-value or hidden assets, you might need a forensic accountant to ensure a fair division of assets. This article aims to provide expert advice on when and why you might require forensic accounting services in your divorce proceedings.
What is Forensic Accounting in the Context of Divorce?
Forensic accounting is a specialised field of accountancy that comes into play in various family law matters, especially divorce. A forensic accountant can help uncover hidden assets, discrepancies in tax returns, and other financial discrepancies.
Here at Jack Ross Chartered Accountants, we recognise that divorce is a distressing time for all those involved. When we provide forensic accounting services during such matters, our aim is to tackle the process in a fair, unbiased manner, ensuring that assets are split according to each parties’ rights.
When Do You Need a Forensic Accountant in Divorce?
- Hidden Assets: If you suspect one of the spouses is trying to hide assets, a forensic accountant can help uncover these.
- Business Ownership: If one partner owns a business, valuation becomes complex. A forensic accountant can play a significant role in this.
- High Net Worth: If you are going through a high net worth divorce, the financial matters become intricate, necessitating an expert forensic accountant.
The Role of a Forensic Accountant in Divorce Proceedings
A forensic accountant plays a significant role in divorce proceedings, particularly in the division of assets and providing a fair financial settlement. They can:
- Audit Financial Statements: To identify financial inconsistencies and ensure a fair distribution of assets.
- Provide Expert Testimony: Forensic accountants can also help by offering expert testimony in court.
- Asset Valuation: They value marital and business assets and provide a comprehensive picture of the couple’s financial landscape.
The Benefits of Hiring a Forensic Accountant
- Fair Settlement: A forensic accountant ensures a fair financial settlement in your divorce case.
- Trust and Transparency: By uncovering any attempt to hide or dispose of assets, a forensic accountant can restore trust and transparency in divorce proceedings.
- Injunction and Freezing Orders: They can assist with legal measures like injunctions and freezing orders to prevent the disposing of assets.
Conclusion: Forensic Accountants Can Ensure Fair Play
While divorce is inherently contentious, the presence of a forensic accountant can make the financial aspects more straightforward and fair to both parties. If you are going through a divorce and are concerned about hidden assets or the fair division of complex financial elements, a forensic accountant can be an invaluable resource.
Looking for comprehensive forensic accounting solutions that you can trust? Fill in the contact form below and a dedicated Jack Ross Chartered Accountants expert will contact you to tailor a package that fits your needs perfectly.
[starbox]
Frequently Asked Questions
If you want to ensure a fair divorce settlement, then it may be beneficial to engage the services of a forensic accountant. They can use their investigative skills to uncover assets during the divorce process and provide evidence for financial disputes. A forensic accountant may also play an important role in helping determine tax implications or providing advice on spousal and child support payments.
When going through a divorce, it is very important that both parties get an equal share of any marital assets. Forensic accountants have the skills to trace high value assets and look into spending habits, dummy corporations and other methods that someone might use to hide capital gains or income from their spouse. By engaging a forensic accountant you can ensure you will achieve a fair outcome in your divorce.
If there are any suspicions about hidden assets or income then it’s better in most circumstances to investigate whether there is anything further right away rather than waiting until 2024 or later when paperwork has been long forgotten. In such circumstances it’s wise to contact us today so we can discuss whether you need hire our team as your expert witnesses.
Professional Testimonials
Charles Eastwood, Barrister, St Johns Buildings Chambers
I would recommend Jack Ross Chartered Accountants as great leaders in the field of providing forensic accountancy.
Our Reviews
Sofia Carlini
April 25, 2023
The Jack Ross Team has been an absolute delight. Professional, nice and fast during the Audit procedure. Thank you Jack Ross Team.
Katrien Vanassche
April 20, 2023
Very good service from the Jack Ross Team. They gave us good advice and completed a very efficient audit. They have a friendly and competent team. I would surely recommend them.
Dan Gazzard
February 25, 2022
Brilliant service from the Jack Ross team in setting up several companies in very quick time, along with providing associated accountancy advice. Can recommend wholeheartedly as a leading accountancy practice with a can-do attitude.
Daniel Connolly
January 11, 2022
First class service for many years from a first class team. Highly recommended. Prompt, commercially aware, personable.
Marc Hourigan
January 11, 2022
Been using Jack Ross for a number of years. Good clear advice and nice people to do business with.
aj shelton
December 22, 2021
Jack Ross is based in Manchester and provides tax planning and Xero accounts. They are a long-standing and well-regarded firm with an excellent reputation. They provide their clients with exceptional service and a wealth of advice. I have no hesitation in using their professional services.
Karen Openshaw
May 14, 2020
Jack Ross has been my accountants since I set up my business in 2016. From the outset I was helped with advice, support and encouragement. I cannot commend them highly enough. Always on hand to answer any question and responsive to any changes in the economy which might concern their clients. I don’t have to worry about the financial side of my business as all of that is taken care of and dealt with by Umar and the brilliant team. If you are looking for a top class accountancy firm which maintains the personal touch they are for you!
J
August 13, 2018
I can confidently recommend Jack Ross Accountants. They are continually improving their service, greatly benefiting our company as well as me personally. The team at Jack Ross have helped suggest and set up innovative accounting software, adding training and support. This alone has been a massive step towards having more control and understanding of our company finances.
Cliff Lansley
August 9, 2018
We have enjoyed a solid and constructive relationship with JackRoss and Can highly recommend them for accountancy services.
Harry Lansley
August 9, 2018
We have been working with Jack Ross for over two years and the service has been fantastic. They have a great and knowledgable team who have taken good care of us and our accounts.
Moray Newberry
August 8, 2018
Meeting to review annual accounts and discuss future plans. Very productive as they definitely talk my language - on reflection probably the best such meeting in recent years. Many thanks Umar and Jamie
Paul Medcalfe
June 4, 2018
Jack Ross has serviced my Personal Tax requirements for the last 5 years. During some complicated challenges their advice was excellent and the customer service second to none and left me with no doubt all was in hand.
stevewright96
May 23, 2018
Following a recommendation, I have used Jack Ross for all my accounting needs (including payroll) since the inception of my business over 12 years ago. The relationship has been completely hassle free and I greatly value their service, which goes well beyond preparation of accounts. Their tax planning advice has been really helpful and I have always felt that they have ‘got my back’. Can’t recommend them enough.
oliver kirk
March 22, 2018
We have finally found the Accountancy firm that we have been looking for! We switched over to Jack Ross towards the end of last year and from the very first contact to the recent submission of our end of year accounts the service provided has been fantastic and has easily exceeded our expectations. Thank you!
Paul Clark
September 29, 2017
Excellent service; very helpful people and work done much quicker than I expected.
Benjamin
February 22, 2017
I have used Jack Ross as my accountants for a number of years. Their service is professional and accurate. They deal with queries promptly and I can always get hold of the person I need to speak to. Their digital product has made a big difference to the efficiency of my business. I would not hesitate to recommend them.
Rob Cowan
February 22, 2017
Jack Ross have been my family and business accountants and financial advisors for over 50 years. The delivery of services is second to none and i would recommend them to anyone. We have also built up great friendships over the years, above and beyond that of a normal business relationship which i value greatly.
Fee Munshi
February 16, 2017
We have been looked after by jack Ross for a number of years. They have given us fantastic tax advise and helped our company grow from strength to strength.A & f
Jonathan Foxcroft
February 14, 2017
Excellent advice and an understandable explanation of a very complex area of tax and corporate law which other (so called) advisors managed to totally confuse me. Thank you.
Holly Jones
February 14, 2017
I have had a relationship with Jack Ross for several years and continue to be impressed by the proactive support and diligent advice received across the breadth of the firm. Excellent at signposting.
Felix Mulderrig
January 11, 2016
Jack Ross have acted for our law company for over 5 years and have been professional, prompt, and knowledgable in all aspects of our dealing with them.
The Role of a Forensic Accountant
Win your case with our Forensic Accountants [starbox] The Role of a Forensic Accountant Jack Ross Forensic Accounting Services Can Help What is Forensic Accounting?…
Should You Engage a Forensic Accountant For Your Divorce?
Win your case with our Forensic Accountants [starbox] Should You Engage a Forensic Accountant for Your Divorce? Expert Advice Do You Need a Forensic Accountant…
Get a Personal Consultation
Office
Jack Ross Chartered Accountants, Barnfield House, The Approach, Manchester, M3 7BX
Contact
info@jackross.co.uk
Open Hours
Monday-Friday 8:30 am - 5 pm