Financial legal support
Being a lawyer or solicitor, you need to bind your full attention to your clients so you can represent them properly — and not get bogged down by legal accounting. That’s why we offer comprehensive accounting and tax services for the legal sector.
With our legal accounting expertise, you can access dedicated support that ensures your law firm is operating properly, financially and legally speaking.
Solicitors accounts rules audit (SARA) support
We offer assistance with SARAs to help you meet the requirements and accounts rules set out by the Solicitors Regulation Authority (SRAs).
So, we’ll conduct thorough assessments of your systems and processes, ensuring you comply with the SRA rules of safeguarding client money. We can also help you build robust systems to ensure compliance with client money regulations.
Comprehensive accounting services
Our accounting services go beyond audits for law firms. We also provide a range of other accounting solutions, including legal accounts software integration, efficient office accounts management, and real-time financial data analysis.
Our cloud-based accounting software (we love Xero!), coupled with our expertise in law firm accounting, allows you to save time you can spend with clients. It also improves cashflow and helps you make informed financial decisions.
VAT returns and compliance
In most cases, VAT is chargeable of the services offered by lawyers and solicitors. That can be quite a headache if you’re not trained to handle VAT returns.
Fortunately, we’re VAT specialists who live and breathe for this sort of thing. So, we’ll ensure accurate VAT reporting and timely submission while you focus on the firm.
Why choose us?
Tailored solutions. We cater to law firms of all sizes, including smaller practices, moulding our approach to you to ensure our services are tailored to your specific situation.
- Technology-driven. We leverage cutting-edge accounting software to streamline our clients’ accounting processes and help them stay in touch with their finances.
- Compliance and regulatory knowledge. We have a deep knowledge and understanding of legal accounting regulations. We’ll ensure your firm is and remains compliant.
- Customer-focused. We care about our clients and appreciate what they’re doing. We want to help, so we’ll always take the time to listen to your needs and goals so we can provide personalised recommendations and solutions.
- Happy clients. With our track record of successfully serving numerous law firms, we have a reputation for delivering reliable and professional legal accounting services. Read our client testimonials for more information.
Get in touch today?
We’re excited to hear from you and learn how we can help. So, why not book a call to kickstart our journey together? We’re the solution for your legal accounting woes.
Many professional services firms, particularly within the legal industry operate through a Limited Liability Partnership (LLP), with the Members of the LLP being equivalent to directors and/or shareholders of a limited company.
You might wonder why you should take the time to think about the terms of a Members’ Agreement and then pay for the Agreement to be drawn up? Helen looks at the 4 key reasons for drawing up an agreement in this blog.
The Accounts Rule 12.5, holds members responsible for ensuring the reporting accountant who prepares and signs the Accountant’s Report is a member of a chartered accountancy body and is, or works for, a registered auditor.
Want to learn more?
Get in touch with our in house expert Helen Griffiths to see how we can help.
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