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Acting for clients in the legal profession...
We act for a number of clients in the legal profession including solicitors and barristers whose firms vary in size from sole practitioners to multi office partnerships.
Our experience allows us to assist in a variety of ways all of which are designed to develop, strengthen and protect those who are in business in the Legal Profession.
Our services include:
SRA Compliance and Reporting: Ultimately income streams depend on continued SRA registration which can be put at risk if the Solicitors Accounts Rules are not complied with. We have an experienced team to undertake SRA Reporting Accountants assignments. LMDB are also members of the ICAEW Special Interest Group on Solicitors.
Did you know that virtually no SRA inspections arise due to the filing of qualified reports? The expectation is that law firms will take the necessary steps to correct the matters found. Indeed the SRA expect Accountants Reports to be qualified in some form or other as human error will result in a breach albeit it corrected on discovery.
If you wish to discuss a particular issue then we offer a free initial consultation. We also offer Fixed Price Agreements for any recurring items of work payable on a monthly basis. These agreements include unlimited adhoc telephone advice with any member of our team. These Agreements offer peace of mind that you will not receive an unexpected invoice.
Please contact Stuart Murray FCA, FCCA on 01323 732748 or StuartM@LMDBaccountants.co.uk for further information.
02 Aug 2019
The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector.
From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.
From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency.