Accountants and Tax Experts for Solicitors
Supporting the legal sector
At Carpenter Box we have been working with lawyers and solicitors’ practices in the South East for many years. Our accountants, auditors and tax specialists have considerable experience in the legal sector, which means we understand the opportunities and challenges facing the profession and are well positioned to add real value to your practice.
Our team will lead you through the minefield of compliance requirements and help you identify opportunities for growth.
Improving your business
The legal sector faces often complex issues, exacerbated by the recent pandemic. In a rapidly changing market, it’s
vital to deal not only with today’s issues and compliance requirements but also to plan effectively for the future.
Our aim is to help you perform better as a business and ultimately become more profitable. Our tax expertise is far reaching – from ensuring relief for all expenditure is maximised, creating effective remuneration packages for your employees, to helping you determine the best legal structure for your business including help with a transfer into a LLP.
Our services
Audit and Assurance
Providing audit and assurance service to solicitors requires a high level of expertise. The Client Money audit is required under the Solicitors’ Accounts Rules, regulated and enforced by the Solicitors Regulation Authority.
By working alongside practising professionals our specially trained team has developed an in-depth knowledge of the Rules, and a detailed understanding of the business drivers of professional legal partnerships.
Partnership Tax
Partnership taxation under self-assessment, whether you are operating through a traditional partnership or an LLP, is a potentially complex area. Take advantage of our expertise in advising partnerships to ensure that tax liabilities are kept to a minimum.
Tax Planning for Partners
As well as dealing with the completion and submission of your self-assessment return and calculating your income and capital gains tax liability, we can advise you on how to take advantage of the available reliefs to partners of professional practices. Our Chartered Tax Advisers have a wealth of knowledge to make your business and personal tax positions as efficient as possible.
How we can help:
- Annual accounts
- Assistance with preparing and/or meaningful review of management accounts
- Benchmarking service
- Finance Director services
- Partnership or LLP tax compliance
- Independent financial advice (in conjunction with Carpenter Box Financial Advisers)
- Payroll
- Help with strategy and business development
- Advice around law-firm mergers and acquisitions