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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.
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.
A forensic accountant plays a significant role in divorce proceedings, particularly in the division of assets and providing a fair financial settlement. They can:
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.
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.
Charles Eastwood, Barrister, St Johns Buildings Chambers
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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.
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!
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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.
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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
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.
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.
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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.
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.
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
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.
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.
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.
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