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As many as 42% of businesses say that they have lost money due to the actions of an unqualified accountant or tax adviser, finds a new survey.

The research, compiled by AAT, also found that 45% of those surveyed said they had had a negative experience with their accountant or tax advisor – 25% said they’ve overpaid on tax before and 17% say they’ve missed a tax deadline.

Over half (51%) admit that they’ve had to hire a qualified accountant to correct the mistakes of a previous unqualified accountant’s work.

Adam Harper, Director of Professional Standards & Policy at AAT, commented, “These findings underline the risks and higher costs businesses can face when appointing unqualified and unregulated advisers, with over half of respondents having to hire a qualified accountant to correct the mistakes made by their unqualified predecessor.

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“Our survey has also shown that small businesses in particular are losing money through accounting errors.

“This is why AAT has repeatedly said the Government should legally require anyone offering paid for tax or accountancy services to be a member of a professional body, as happens in other professions.

“This would provide much needed assurance to business owners that their accountant or tax adviser is suitably qualified and required to maintain their commitment to the highest standards of professionalism and ethical behaviour.”

To find out more about contracting please contact Jaime on 01442 795 100 or email

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email or

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few

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