As professional advisers ourselves we have a special insight into the accounting needs of the legal profession – including the special requirements of financial reporting to the Law Society.
We also provide advice on compliance with the SRA code of conduct for solicitors which requires them to keep client money and assets secure. We can help you design and compliant financial systems, or review those you already have in place.
Our team of experts are also well placed to advise on practice growth and long-term business planning, including steps that can be taken to manage your tax liability. We also offer tax planning advice to individual partners, too.
Increasingly, solicitors are seeking to move from sole trader or partnership structures to LLP or limited company status. We’ll advise on the tax implications of this decision and, if you do decide to incorporate, can look after the registrations and compliance requirements on your behalf.
Our service includes…
- Central accounting and bookkeeping services
- Solicitors’ accounts rule(SAR) reports
- Incorporation and limited company setup
- Limited liability partnership (LLP) setup
- Practice growth advice