Solicitors
Solicitors
Preparing accounts for a solicitor’s practice is strewn with complexity. The preparation of accounts for solicitors are regulated by the SRA (Solicitors Regulation Authority). SRA Accounts Rules are complex and wide ranging; an accountant’s report and an exclusion to acquire one, operating a client account, keeping accurate client accounting records, joint accounts and record keeping, planning for and completing an accountant’s report, third-party managed accounts. The rules even extend to the retention of reports and accounting records. You will need an accountancy practice familiar with these regulations and rules.
Understanding how legal aid practices differ will also add confidence that your unique problems and difficulties and pressures that contracting brings will be addressed.
The experience we at Cartwrights have built dealing with many different solicitors’ practices, from small to large, enables us to provide a confident, tailor-made service. We also have a number of legal aid practices as clients. We can tailor our services to suit or we can provide a complete package – from monthly visits to write up all the books of account, to payroll, to SAR, final accounts and, of course, tax planning.
To incorporate or not to incorporate – is a question many solicitors have found themselves asking in recent years! We have been able to provide proactive guidance and advice to our clients. Ensuring this whole process is managed effectively and efficiently and with minimal problems from the tax man.
We are also experts at providing SAR audits –specialist compliance work that we do effectively, efficiently and cost effectively for a standardised fee.
