Accounting for Professional Services

As a professional service firm ourselves, we understand very well the stresses and strains of such a business, how to improve throughput and maintain client service. How to grow profitability yet motivate and incentivise a team. How to plan for strategic change, as well as be ready for life’s unexpected surprises, both good and bad!

Our business advice service helps take the pressure off, providing a sounding board for new ideas and a valuable outside perspective on the issues facing the practice.

More and more legal practices are becoming LLPs (Limited Liability Partnerships) or limited companies. Some move between the two structures. Revising your business structure can give you more freedom in terms of ownership, making external investment easier and freeing up partners to focus on client work.

We'll advise you on the options and give you an honest assessment of whether it’s worthwhile. If you decide to go ahead, we’ll guide you through the process of making the switch, including setting up remuneration systems.

We can also help you get external finance, including developing business plans and projections for potential investors.

As well as handling all your business tax affairs, we can take care of the personal tax arrangements for proprietors. We undertake a regular review of personal tax affairs to ensure they are efficient and making full use of up to date allowances.