Specialist Advice for the Legal Profession
Few other accountants can say they’ve worked in this sector for over 100 years. It’s helped us develop the very specific accounting expertise, experience and technical knowledge that solicitors need - from one man practices to the larger legal firms on the South Coast.
You’ll find our financial, accountancy and advisory services pro-active and personalised and ready to help you face the long and short-term challenges this sector presents - particularly for High Street practices.
Partner, Richard Perry heads up our highly experienced legal practices team. He is a member of the Institute of Chartered Accountants Special Interest Group for Solicitors and regularly attends the Institute’s relevant conferences.
Accounting and accounts appraisal
Practice accounts are essential to determine profit shares and assess your practice’s performance. As well as producing your practice accounts, we can identify problem areas, and suggest strategies and procedures to help you achieve better performance and plan for succession.
Solicitors Accounts Rules (SAR) Reporting
Compliance with the SAR is vital. We can report on your compliance each year, highlight any breaches, and recommend procedural improvements.
Partnership taxation and partners’ tax returns
This specialist area requires high-level tax and planning skills. Our team includes ex-Inland Revenue tax inspectors and can provide an efficient and pro-active service to partners in professional practices.
Advisory services
We also offer comprehensive advisory services. These include everything from strategic practice development, acquisition and merger planning and due diligence, through to advice on partnership and accounting disputes and access to an independent Lexcel consultancy.
We are also accredited Expert Witnesses and offer various services to assist with solicitors own clients - for example, business valuations in matrimonial disputes, acting as expert witness, taxation support and adviser. You can also find us on The Solicitors Group
If you would like any further details on any of the above, or have any other questions, please contact us here or email our specialist team on Legal.