We are able to offer you a comprehensive range of consultancy and support services, specifically designed to meet the needs of practicing solicitors.
Tax Compliance & Planning
Your individual tax requirements and those of the practice can be met by our specialist tax advisers who have extensive experience in dealing with the affairs of professional partnerships
We do not just advise on one aspect of the practice in isolation. We will first consider the taxation, commercial and practical implications for the business and make a recommendation that balances the needs of each area.
The same specialist can also help you extend the services you offer by augmenting your in-house knowledge and assisting you with your clients’ tax issues including:
Inheritance tax & estate planning
Capital Gains Tax
Audit Changes to Solicitor’s Accounts Rules
Our auditing procedures are not only tailored to produce an Accountant’s Report, but also ensure your records meet the Law Society’s standards.
Following completion of audit and accounts work by our highly trained staff, we will provide comprehensive management letters which highlight any potential breaches and recommend improvements to help you maintain best practice and reduce the risk of potential criticism from Law Society Compliance Officers.
Through a program of technical seminars, your partners and staff will be kept up to date on the Solicitors’ Accounts Rules. We will also provide comprehensive support to assist with implementing any modifications needed to comply with changes.
Implementing Best Practices
Our role is to help your practice manage internal systems and procedures, advise on management issues and promote the cultural change often required to achieve best practice.
The issues we advise on include:
Services and Forward Planning
As well as providing advice on matters affecting your practice, our VAT specialists are able to augment your own in-house knowledge and provide advice to your clients.
Out VAT specialist can assist with planning opportunities and minimizing VAT liabilities with particular reference to:
Land & Property Transactions
Trading with Europe
Negotiations with HM Customs & Excise
Our experts can assist both the practice and individual partners to plan their finances and ensure that optimum rewards are gained both in the short and long term. Our financial services include:
Succession Planning for the Practice
Cash flow planning and assistance with obtaining finance.
We also have specialist teams and associates who offer advice and guidance on:
Insurance, including professional indemnity insurance.