Accounts
» Solicitors
Legal Plus
Proven Professionals
Through our association with the Moores Rowland International
(MRI) network of firms, we are able to offer you a comprehensive
range of consultancy and support servises, specifically designed
to meet the needs of practicing solicitors.
The MRI network currently services over 150 law firms in the
UK, with combined revenue in excess of £150m and is proud
of the reputation and long term relationships it has built with
the legal profession.
Working alongside practices we have developed a detailed working
knowledge of the Solicitor's Accounts Rules and a thorough understanding
of the business requirements of professional partnership.
Our LegalPlus services are tailored to plan and manage the growth
of both your business and your personal wealth.
LegalPlus gives you:
Regular benchmarking reports allowing you to compare the performance
of your practice with others.
Highly experienced professionals dealing with both your practice
and personal taxation requirements.
Specialist tax advice to in-house knowledge when advising
your clients.
A specialist audit approach to ensure that Solicitor's Accounts
Rules are strictly adhered to.
Advice on management issues and best practices.
Specialist VAT advice for proactice matters and to supplement
in-house knowledge when advising clients.
A commitement to keeping your partners and staff up to date
through a programme of technical seminars and quarterly newsletters.
Expert assistance with planning the finances of your practice
to ensure maximum fiscal rewards. The Legalplus Services
Benchmarking
One of the unique aspects of LegalPlus us our ability to gibe
you an insight into the profession in which you operate through
our benchmarking service.
We have developed a software reporting tool that shows key
performance indicators allowing you to compare your practice
with others of a similar size, work type etc. This will highlight
areas where improvements can be made as well as identify aspects
of your practice that are performing about expectation.
The report is a love rolling document, giving you up to the
minute informatino to support your decision making and planning
process.
Tax Compliance & Planning
Your individual tax requirements and those of the practice
can be met by our specialist tax advisors who have extensive
experience in dealing with the affairs of professional partnerships
We do not just advise on one aspect of the practice in isolation.
We will first consider the taxation, commercial and practical
implications for the business and make a recommendation that
balences the needs of each area.
The same specialist can also help you extend the services
you offer by augmenting your in-house knowledge and assisting
you with your clients' tax issues including:
Business valuation
Inheritance tax & estate planning
Capital Gains Tax
Audit Changes to Solicitor's Accounts Rules
Our auditing procedures are not only tailored to produce an
Accountant's Report, but also ensure your records meet the
Law Society's standards.
Following completion of audit and accounts work by our highly
trained staff, we will provide comprehensive management letters
which highlight any potential breaches and recommend improvements
to help you maintain best practice and reduce the risk of
potential criticism from Law Society Compliance Officers.
Through a programme of technical seminars, your partners and
staff will be kept up to date on the Solicitors' Accounts
Rules. We will also provide comprehensive spoort to assist
with implementing any modifications needed to comply with
changes.
Implementing Best Practices
Our role is to help your practice manage internal systems
and procedures, advise on management issues and promote the
cultural change often required to achive bext practice. The issues we advise on include:
Management Structure
Services and Forward Planning
Financial Management
Client Care
Managing People
Office Admin
Case Management
VAT Prices
As well as providing advice on matters affecting your practice,
our VAT specialists are able to augment your own in-house
knowledge and provide advice to your clients.
Out VAT specialist can assist with planning opportunities
and minmising VAT liabilities with particular reference to:
Partial Exemption
Land & Property Transactions
Trading with Europe
Business Acquisitions
Negotiations with HM Customs & Excise
Financial Planning
Our experts can assist both the practice and individual partners
to plan their finances and ensure that optimum rewards are
gained both in the short and long term. Our financial services
include:
Pension Planning
Succession Planning for the Practice
Cash flow planning and assistance with obtaining finance.
We also have specialist teams and associates who offer
advice and guidance on:
Forensic Accounting
Litigation Support
IT Development
Banking Issues
Insurance, including professional indemnity insurance.
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