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Accountants & Business Advisers

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