Services for Solicitors

Solicitors accountants and audits in Cardiff

We act for many clients in the legal sector and are happy to discuss the special aspects relating to legal clients.

Our experience of solicitors has given us the expertise to offer advice on the issues that often arise in legal practices, including:

  • Partnership and limited company taxation,
  • Admitting a new partner into the practice,
  • Partner retirement issues,
  • Goodwill calculations,
  • Partnership, LLP and limited company structure decisions,
  • Treatment of cars and expenses in the accounts,
  • Forecasting and budgeting,
  • Solicitors Accounts Rules systems and reports
  • Advice to individual solicitors in respect of their personal income and wealth

Consideration of these issues allow law firms to grow and develop smoothly and tax efficiently and we are always on hand to help with this process.

Most of our solicitor clients hold client monies and so we have years of experience of preparing the Solicitors Accounts Rules Accountant’s Reports for the SRA and advising on how to minimise breaches in firms.

We can also provide the following services to you:

  • support when your clients request tax advice or compliance support - we can take on the tax part of the work or provide advice to you or to your clients directly,
  • directly provide your clients with taxation services relating to trusts,
  • recover refunds of tax due to estates
  • prepare business or asset valuations for clients and
  • prepare financial analysis or reports as expert witnesses in legal cases.

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Require more information?

If you would like more information or would like to speak to us direct then call us on 029 2038 8218. Or if you would prefer, ask us a question online.

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