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Home Personal Finance

Can I dismiss my company accountant?

newszabi@gmail.com by newszabi@gmail.com
May 8, 2025
in Personal Finance
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Can I dismiss my company accountant?
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I run a small tech start-up, and I’ve good motive to suspect that my in-house accountant is stealing firm funds, leaving my firm at risk of chapter. What burden of proof do I have to dismiss him with out the specter of unfair dismissal authorized proceedings?

Headshot of Harry Abrams, employment partner at JMW Solicitors
Harry Abrams, employment associate at JMW Solicitors

Harry Abrams, employment associate at JMW Solicitors in London, says a key query is how lengthy has the accountant been employed by your organization? Begin-ups sometimes have a workforce with low tenure and if so with this worker, the matter is decrease threat.

If the accountant has been employed for lower than two years, he can have no recourse for unfair dismissal, as presently to convey such a declare an worker must have two years’ steady service as on the date they go away employment. The one authorized claims open to the person could be discrimination (if he believed the dismissal was motivated by a protected attribute, comparable to race or incapacity) or whistleblowing (if he believed it was motivated by the very fact he reported wrongdoing by the corporate). Each of those claims will be introduced by any worker no matter size of service.

Assuming neither of those claims apply, the worker will be dismissed with out the specter of a profitable declare, even with out proof of his actions. It’s enough if the corporate merely feels the belief is now gone with this worker. If his misconduct is assessed as gross misconduct, he wouldn’t be entitled to any discover pay.

If the worker has labored for you for greater than two years, there must be a good course of earlier than a sanction is issued. Usually, this would come with an investigation, offering the worker with detailed allegations as to what the corporate believes he has performed after which a disciplinary listening to, the place he would have the ability to put ahead his “defence”. The worker needs to be permitted to have a companion on the listening to — sometimes a piece colleague or commerce union consultant.  

Typically, there isn’t a concrete proof of misconduct and, on this case, it might want a prolonged forensic investigation to ascertain whether or not funds had been stolen. Nevertheless, despite this, it is going to be enough if an organization has a real and cheap perception that the worker is responsible of the allegations. An organization doesn’t require certainty of the misconduct and, notably, a dismissal could also be honest even when the worker is later proven to not have been responsible of the alleged misconduct.

The worker needs to be given a proper of enchantment following his dismissal.  

You must also contemplate whether or not to contain the police and to report the person to the suitable regulatory physique. Lastly, you must study how the federal government’s employment rights invoice will influence what you are promoting when it takes impact.

Our subsequent query

I’m planning to maneuver in with my new associate earlier than my divorce is finalised. My associate has a big home, which is nearer to my youngsters’s college, so it is going to be sensible for all kinds of causes, which is why I’m eager to make the transfer sooner somewhat than later. Will this have any monetary implications?

Whereas the danger of authorized proceedings can by no means be extinguished completely, following the above steps will definitely minimise the danger of a profitable declare of unfair dismissal. 

The opinions on this column are meant for normal info functions solely and shouldn’t be used as an alternative to skilled recommendation. The Monetary Occasions Ltd and the authors will not be chargeable for any direct or oblique outcome arising from any reliance positioned on replies, together with any loss, and exclude legal responsibility to the complete extent.

Do you’ve a monetary dilemma that you simply’d like FT Cash’s workforce {of professional} specialists to look into? E mail your drawback in confidence to money@ft.com.



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