Specialist accounting for solicitors
There is no doubt about it – the unique accounting and taxation requirements of the legal profession require the expertise of a specialist accountancy firm.
Afford Bond have numerous years’ experience working with local and regional solicitors, and as one of the few registered auditors in the region, we will equip you with an up-to-date Accountant’s Report including submission to the SRA (Solicitor Regulation Authority) where required.
Our dedicated SRA team understand the regulatory compliance which must be undertaken, particularly with regards to SRA Audits.
We ensure the complex rules of SRA compliance for solicitors holding client monies are adhered to and evidenced while helping you stay profitable. More than anything, we understand that no legal practice is the same, and our partner-led approach will tailor your practice’s needs to ensure compliance and improve efficiency.
We have also worked with many legal practices as they transition from the role of ‘sole trader’ or partnership models to the currently more protected LLP and other company structures. In addition, our team can handle personal taxation and associated advice for private practice.