Specialist client areas

Professional practices

Our team works closely with a number of professional practices, including solicitors, surveyors and architects, providing proactive advice and services tailored to the needs and goals of both the individual partners and the partnership itself.

With a team including members of the Association of Partnership Practitioners and the Solicitors Special Interest Group of the Institute of Chartered Accountants in England and Wales, we understand the unique challenges involved in running a professional partnership.

We can assist with all the day-to-day business issues involved in running these partnerships, including accounts and cash flow, as well as advising on major developments, such as acquisitions, mergers or exit strategies for retiring partners. Our services include:

• audit and accounts – as well as enabling you to meet increasingly challenging statutory requirements, we offer expertise on issues including accounting for revenue recognition
• business structures – we can advise on the best structure for your firm, including limited liability partnership (LLP) or limited company, and handle the transition to a new structure. We can also advise on issues including partnership agreements, profit sharing agreements and succession planning
• regulatory requirements – we advise on regulatory requirements, including Solicitors Accounts Rules and the Royal Institution of Chartered Surveyors’ members’ accounts rules, to ensure full compliance
• taxation – we provide personal, partnership, LLP and company taxation services, including PAYE, capital gains tax, inheritance tax, national insurance, stamp duty and VAT
• tax planning – efficient tax structures and planning are essential to meet the individual and family needs of each partner, so we work continuously with clients to minimise their tax liability.

For more information on how we can help you, please contact us.