Great news, your knowledge of the client is very valuable to us as we often need to give advice on a short time scale. Background to the business and individuals involved is definitely welcome.
The key to this is a transparent working relationship with both us and your client. Work under both informal and formal restructuring arrangements can be paid for providing the nature of work and likely fees are discussed and agreed in advance.
It is often the case that a business’ accountants have vital knowledge of a business and its operation. Though there is no legal priority for the fees of accountants; however the need for continued services from accountants can be a powerful persuader for addressing historic work.
Yes, we usually find that clients are grateful for the assistance and input from their accountants during such a difficult time. Relationships often finish stronger than they began.
During formal insolvency appointments we are restricted from paying any commissions. During informal work we would expect that you would have direct billing relations with your clients.
For any appointments all our likely costs and the basis of billing are disclosed in advance.
