This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

Professional practices

Every professional practice is unique with a continually evolving set of needs. We have been providing solutions to professional service businesses for over 100 years and are fully aware of the challenges affecting professionals, with the changing face of the UK economy, increased regulation, budgetary constraints, partner succession and pressures to retain top performers.

Our specialists provide an integrated service, incorporating compliance and advisory services, to a diverse range of clients including solicitors, barristers, surveyors, architects, engineers, recruitment and business consultants. Our knowledge enables us to offer solutions tailored to both the special circumstances of professional practices and your specific business needs, advising on the latest developments and providing guidance on best practice.

We provide a comprehensive range of accounting and business advisory services. Services specific to the professional practices sector include:

Assurance and tax compliance
Most professional firms face an increasing regulatory and compliance burden, not just around the services they provide to clients.  Our aim is to leverage our expertise and sector knowledge to help organisations meet their governance, risk and assurance objectives.  We offer all the services you would expect from a leading accountant including:

  • statutory audits (including LLP) and reviews of partnership accounts
  • advice and reporting on compliance with specific regulations, such as Solicitors’ Accounts Rules
  • income tax, business tax, VAT and PAYE compliance, including partnership tax returns
Tax advice and planning
Tax is often a key concern for our professional practice clients.  We can help you to manage your tax exposure, while ensuring that the money you keep is protected and working for you.  Our team can provide the partners, directors and staff of your firm with assistance in all areas of their personal financial and tax planning, including individuals’ tax, pensions and investment advice.  We can help with the following:
  • Regular clinics to provide advice to partners, directors and employees
  • Independent pensions advice
  • Remuneration strategies
  • Partnership v Limited Liability Partnership v Limited Company
We also provide inheritance tax and estate planning advice to those residing in the UK and abroad.  Advice includes succession planning for partners and owners and the preparation of the appropriate wills.

Business outsourcing
We offer a full business outsourcing service for professional service firms including accounting, payroll and management reporting.

Mergers & Acquisitions
Mergers and acquisitions are high on the list of strategic priorities for many firms, particularly those facing succession challenges. 

We can help in many ways, from helping up to put together your strategic business plans, to supporting you in financial modelling and due diligence activities.