We understand the needs of law firms, solicitors and other organisations operating within the legal sector, having supported various practices since our founding in 1949.
We offer a wide range of services that complement the work of legal departments, helping Partners, solicitors and others within each team to focus on achieving successful outcomes for their clients.
We know from previous experience that law firms can often benefit from the expertise of an accountancy team, so we can offer advice and services relating to:
Estate planning and IHT
Helping with tax issues and the preparation of estate accounts, tax returns and computations.
Residential Property Capital Gains Tax Returns
We have a proven track record of preparing returns well within the 30 days required, offering quick CGT calculations, as well as advice on planning prior to a transaction or disposal.
We can offer advice to businesses on strategy, exit planning and capital structure, backed up by the latest business intelligence.
Regular Strategy Meetings
As well as assisting firms with their day-to-day work, we can also offer regular meetings where we can focus on practice goals, identify pressing issues and provide a sounding board for various matters.
Tax planning for law firms
We can look widely across a practice’s structure and partners’ individual circumstances to find tax savings, including helping with employee remuneration packages.
Solicitors Accounts Rules
The SRA rules are difficult and onerous, which is why we can help you to report to the SRA and provide practical advice on effective accounting systems.
We can help with the preparation of annual accounts and advise on effective computing systems that can give you key financial insights. We can also assist with regular management accounts and provide a VAT return review.
Managing the pay and benefits of a legal firm can often be complex. We offer a simple system that allows you to make one payment to our client account and we do the rest, including providing electronic payslips and managing your auto-enrolment requirements.
We can help to cover the cost of dealing with a tax enquiry, with our Tax Enquiry Fee Cover, which covers the cost of expert advice in the event of an HMRC investigation.
Here to help
We work collaboratively with legal firms to offer them the advice and support they need, while also looking ahead to new challenges and opportunities that may present themselves.
To find out more about our tax, accountancy and business services for the legal sector, contact us.