Specialist accounting services for solicitors and law firms
From SRA Accounts Rules compliance to strategic tax planning, we provide comprehensive accounting services tailored exclusively to the legal sector. Whether you're a sole practitioner, law firm partner, or practice manager, we understand your unique challenges and regulatory environment.
SRA Compliance & Trust Accounting
Expert client money management and regulatory compliance
- ✓Client account reconciliations (5-week cycles)
- ✓Trust accounting and client money handling
- ✓Annual SRA Accountant's Reports
- ✓COFA support and compliance guidance
- ✓Client ledger management
- ✓Breach prevention and remediation
Sole Practitioner Tax
Complete tax services for sole practitioner solicitors
- ✓Self-assessment tax returns
- ✓Allowable expense claims and optimization
- ✓Making Tax Digital (MTD) preparation
- ✓Quarterly submission support (from April 2026)
- ✓Professional fees and subscriptions
- ✓Tax planning and advisory
Partnership & LLP Accounting
Specialist accounting for law firm partnerships and LLPs
- ✓Partnership tax returns and profit allocation
- ✓LLP member taxation and compliance
- ✓Partner drawings vs profit share guidance
- ✓Basis Period Reform navigation
- ✓LLP conversion tax analysis
- ✓Structure optimization advice
VAT & Compliance
Expert VAT guidance for legal services
- ✓VAT on legal services (20% standard rate)
- ✓Disbursements vs expenses treatment
- ✓Counsel fees VAT handling
- ✓VAT registration and thresholds
- ✓Quarterly VAT returns
- ✓VAT compliance reviews
Practice Finance & Cash Flow
Working capital and cash flow management for law firms
- ✓Cash flow forecasting and management
- ✓Lock-up reduction strategies (WIP + debtors)
- ✓Working capital optimization
- ✓Partner drawings planning
- ✓Practice finance options
- ✓Debt management and restructuring
Practice Succession & Sale
Expert guidance on practice transitions and valuations
- ✓Practice valuation and goodwill calculation
- ✓Partner retirement planning
- ✓Succession planning and structure
- ✓Practice sale tax implications
- ✓Exit strategy advice
- ✓Business Asset Disposal Relief
Need help with something specific?
Every legal practice has unique accounting needs. Whether you're dealing with SRA compliance issues, considering LLP conversion, planning partner retirement, or managing practice cash flow, we're here to provide specialist advice.
Need specialist accounting advice?
Every legal practice has unique accounting needs. Book a free consultation to discuss your specific situation.