We work with accountants who understand the legal sector and can, therefore, point you in the right direction. Call us to discuss your requirements and we'll help you find the right accountant. We cannot provide accountancy advice, but our contacts can.
Our accountancy contacts understand the unique accounting and taxation needs of the legal profession and have worked with many firms as they transition from the traditional sole trader or partnership models to the more protected LLP and company structures.
The accountants we work with have dedicated teams specialising in the needs of solicitors. They act for a large number of law firms of all sizes across the country, tailoring their approach to meet the needs of the client.
Free initial discussion and quote
For a free initial discussion about how we can put you in contact with the right accountant, please call us on 0115 8700443 or email info@marketinglawyers.co.uk
SRA Audits
Accounting for solicitors and legal professionals is a specialist area that requires an understanding of rules and regulations in the sector.
The accountants that we work with assist clients with their regulatory compliance including ‘SRA audits’ where required, systems review work and ad-hoc advice for those day-to-day queries. They work with clients to improve and maintain compliance, whilst supporting owners to maximise profitability.
Account Rules
All solicitors holding Client monies are required to comply with the Solicitor’s Accounts Rules, a comprehensive document defining Client money, specifying how those monies should be dealt with and the related records maintained, to ensure the protection of the solicitor’s clients and their funds.
Unless exempt, solicitors have six months from the end of their accounting period to obtain an Accountant’s Report.
Our contacts are also qualified auditors and can undertake this work and produce the necessary report, including submission to the Solicitors Regulation Authority (SRA) where required.
Accountancy Services
Our specialist accountancy contacts can provide the following services:
- Accountancy, bookkeeping, payroll services, VAT and PAYE
- Advice on tax-efficient law firm structure, from an LLP to an ABS
- Advice on the financial impact when a partner joins or retires
- Assisting with a cloud-based accounting system.
- Audits
- Business funding for law firm growth
- Business Valuations
- Personal tax service for law firm partners
- Support for international expansion
When you’re managing a legal practice, getting the right accounting and compliance support in place will make a significant difference to your firm’s profitability.
Our accountancy firm contacts have an excellent track record of providing solutions to law firms across the UK.
How to get in contact
For a free initial discussion about your requirements and for more information, please call us on 0115 8700443 or email info@marketinglawyers.co.uk
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