Latest Posts

Furlough Fraud is a problem that is and will continue for many years to be an issue for Her Majesty's Revenue & Customs. How has furlough fraud been carried out? What are the penalties for furlough fraud and how does HMRC investigate? What action should I take now to prepare for an HMRC audit?

The Government furlough scheme ends on 30^th September and no indications have been given that it will be extended. Some argue that there is no need to do so if there are no restrictions on businesses operating normally. However, some predict an avalanche of liquidations and bankruptcies. How is it possible to determine if a business is in financial distress i.e. the business is unable to generate enough revenue or income to meet its financial obligations?

More than 12 months ago we warned that the completion of a simple 2 page self-certification form online would result in a plethora of fraudulent claims. Our worst fears have been confirmed. Bounce Back Loan fraud is being forecast at more than half the £43bn lent.

Everyone seems to be talking about cryptocurrency these days, but many are unsure how to define it and fewer still know exactly how it works. In this blog, we attempt to answer two fundamental questions.

I am regularly instructed to prepare business valuations for both contentious and non-contentious purposes and the first question I am often asked is what information do I need. To assist I have prepared a basic checklist of the information and documentation I would require to get the process started.

Many businesses have struggled and are continuing to struggle to survive during the pandemic period. Business Interruption insurance is often cited as an opportunity to make a claim for some much-needed cash flow. However, such claims are not straightforward, and insurance policy wording requires careful scrutiny to establish the scope of the loss.

The Criminal Finances Act 2017 was introduced to recover ill-gotten gains from criminal activity but, because of the relative ease of obtaining these orders, the authorities are using these orders in civil recovery as an alternative to bringing criminal charges.

Raymond Davidson talks about instructing a Forensic Accountant in Personal Injury Claims and lists some of the information needed to determine loss of earnings. The blog includes useful prompts for solicitors regarding mitigation of loss and losses claimants often overlook.

Confiscation proceedings are conducted under the Proceeds of Crime Act 2002 (POCA). POCA is designed to deprive a convicted defendant of the financial benefits gained through criminal conduct, thereby having a deterrent effect.

The growth in the number of Private Prosecutions reflects an inability of state bodies, as currently resourced, to meet demand. Many crimes which could be prosecuted are not. This, in many cases, leaves victims looking for alternative remedies, of which Private Prosecutions are one.