How does bank interest on client accounts affect VAT recovery for law firms?
Wednesday, 6 December 2023
With higher bank interest rates and more money being received from client accounts, law firms need to determine their VAT recovery position as they could now be partially exempt.
SRA Accounts Rules – two years on
Tuesday, 1 February 2022
Two years on, Ellis reviews some of the key changes of the SRA Accounts Rules and how these rules can benefit solicitors and their clients. She also looks at some of the teething issues and additional guidance issued by the SRA.
How can the legal sector plan for cashflow?
Tuesday, 16 November 2021
HMRC recently announced that the ‘Income Tax: basis period reform’ has been delayed until at least April 2024. This may give businesses a little more breathing space, however, if and when the reform is enacted, there are a number of matters to consider, not least the impact on cashflow.
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