Lost income for the Self-Employed
Lost Income for the Self-employed
Forensic Accountant - Proof of lost income
Self-employed people have the same right to recover lost income as anyone else, although gathering proof of that lost income is a bit more challenging. Claims adjusters often consider lost income claims from the self-employed as suspect. If your lost income is substantial, you may need to hire a forensic accountant.
Forensic accountants can study the past income of a self-employed individual and forecast potential future income. They can prepare a detailed report of future income by factoring in the growth rate of your business and the addition of new customers. They can also factor in the income levels of similar businesses in your area.
If your business is not that complicated, you can do without a forensic accountant. Gather a current financial statement and your tax returns for the past several years. If your business has been growing steadily for several years, you can include the average growth rate in your calculations.
If you were working with potential customers and lost them when you were injured, you can include copies of your correspondence, proving how close you were to bringing them on. If you can get them to write a letter confirming they would have become a customer, if not for your being injured, that would be even better.
Filing a car accident claim may seem like a daunting process, and some may choose to avoid the process altogether. If you have sustained property damage or serious injury in a wreck, speak to a qualified attorney by calling for a free consultation.
+1 407 4780074, contact us by email, or complete our contact form
We can help walk you through the necessary steps and gather all of the necessary information you need in order to present a claim. Or, if a settlement offered isn’t adequate, we can continue negotiations and/or begin the process of filing a personal injury lawsuit.
Find out how we can help you. Call +1 407 4780074, email us, or complete our contact form, in Orlando for a free case evaluation.