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Professional Services

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.

What constitutes a “fair” client account interest policy for law firms?

Tuesday, 12 September 2023

With law firms being encouraged to make their own arrangements with clients, what is a fair amount of interest?

The SRA Accounts Rules: Banking facilities updates

Tuesday, 28 March 2023

Our Legal accounting team examines the SRA’s new case studies to help firms comply with the SRA Accounts Rules and provides some action points for law firms.

How can law firms analyse time management to improve efficiency?

Tuesday, 28 February 2023

Our legal specialist team discusses how law firms can analyse time to add value and increase efficiency while saving time and money.

Options for law firms facing cash pressures

Tuesday, 28 June 2022

We set out options available to law firms whose cash is under strain and how getting business advice can help.

Why should UK law firms look at business structure?

Tuesday, 3 May 2022

We discuss the pros and cons of different business structures, including tax reliefs.

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.

SRA Accounts Rules

Wednesday, 18 August 2021

As we approach the second anniversary of the SRA Rules, is it time to consider your systems and whether they embrace the new rules?

SRA Accounts Rules – are you using these to your advantage?

Tuesday, 26 January 2021

As the new SRA (Solicitors Regulation Authority) Accounts Rules have been in force for just over a year, it's a good time to review the rules and what they mean for you in practice.


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