Professional Services

Our professional Services Group is a team of partners, directors and managers dedicated to servicing all types of Professional Service businesses.

Professional Services Explained

As partners in a medium sized professional practice ourselves, our experience in running our own firm is a valuable tool in helping us advise our professional practice clients.

Our clients cover the full range of professional services and currently include law firms, solicitors, accountants, estate agents, chartered surveyors, patent and trade mark attorneys, architects and insolvency practitioners.

Sometimes people forget that the Professional Services group face similar challenges to many others in the current economic climate. These include:

Complying with increased government regulation
Managing a business which involves people
Attracting and motivating high quality individuals
Managing change in the business
Operating the business and associated processes efficiently
Operating a tax efficient structure

We help our Professional Service clients in a number of ways including:

Preparation of year end accounts for partnerships, limited liability partnerships (LLPs) and companies
Audit, including adherence to Solicitors’ Accounts Rules (SAR) and other client money regulations
Preparation of partnership, LLP, individual and company tax returns
Corporate and partnership tax planning
Payroll
Advice on practice management
Review of current business processes, design and implementation of more efficient processes
Assisting with mergers and acquisitions including due diligence
Advising on the most suitable business structure, whether corporate, LLP or hybrid
Creating effective remuneration and profit sharing strategies to reward and incentivise key staff and owners
Succession planning
Providing effective personal tax planning for partners, directors and employees

Other services include:

Indirect Tax Services
Outsourcing
Advice on working capital management
LLP conversions
Litigation support/forensic
Advice on financing
Benchmarking