A moral dilemma
Pretty simple question though ethical minefiled.
I have 2 clients who deal with each other in a business sense.
I know that 1, the receiver of services is about to go into administration with no real possibility of the business being saved nor any creditors getting their money.
So do I inform my other client who is currently owed a relatively modest but not insignificant sum. They are not currently doing any work together.
I am mindful that I have this information in my professional capacity and therefore in confidence, but also that the surviving client is likely to be annoyed that I did not warn them. It is also the case the client is resaonably new to our firm and we were recommended by the business which is about to fail.
- PPR exemption - can it be due on a bigger area than 0.5 hectares? 140 2
- Can I take action against my accountant for incompetence? 2,626 60
- Dividend dates 516 9
- Child Tax Credits - date of cessation of qualifying young person 51 2
- VAT on sales net of CIS suffered 407 10
- ACCA Cert/Dip in IFRS 137 2
- 12 Pay Problems 216 3
- VAT online filing exemptions 206 3
- Deduction from Salary 242 7
- Sole properietor 70 3
- Mutual trading organisation has chargeable gain 78 1
- Redudancy 40 1
- Redundancy pay for directors? 468 13
- VAT - Recharge 81 2
- Should Spanish VAT apply ? 347 4
- transitioning payroll 172 4
- Legal title not in the company name 202 9
- Should VAT be charged when land is transferred as part of a TOGC 164 3
- Director forgot to take salary for 2013/2014 2,752 30
- Car financed by employee 192 2
- Property exchange - 8-year legal delay following fall-out 621
- Cancelled 361
- SAGE Payroll Data for Import to MS Dynamics AX 342
- Cancelled 307
- Have you staged yet for auto enrolment? 278
- Probiz 269
- Free-standing washing machine - unfurnished lettings 226
- VAT on non-profit making clubs (ECJ VS West Dorset Golf Club) 225
- Phishing emails purporting to be from CIPFA? 201
- Is this UK incapacity benefit taxable in UK or Jersey? 171