There’s a common, misguided believe among people who are otherwise unaware that solicitors and lawyers should have a hand in all forms of money management, both when it comes to the finances of their clients and their own personal wealth and tax allowances.
This is simply not the case. Though it’s indeed true that many solicitors and lawyers could see to their own accounts should they so wish, it’s generally agreed that this is not a good use of your precious (and let’s be honest, expensive) time.
There are a wide-ranging number of benefits to working with an accountant specialising in the accounts of solicitors and lawyers. Just a small number of these benefits are as follows:
We can help you choose an appropriate business structure
If you’ve not yet done so, our professional accountants here at TaxAgility can help you choose an appropriate business structure if you’re currently an independent solicitors or law firm.
From working with many solicitors and law firms over the years we have identified which business structures are more appropriate for which types of solicitors and law firms (depending on your size, ambitions, and more). This can include alternative business structures, if operating your business in an alternative manner will allow you to stand out from your competition.
We will become your full-service accountancy firm
You have a lot on your plate. We mean, you really have a lot on your plate (more than our resident accountants during a typical Christmas dinner). For this reason, we’ve found that our solicitor and lawyer clients appreciate our full-service approach to working for you.
Here at TaxAgility, we provide a full suite of accounting, bookkeeping, and tax services to solicitors and lawyers in order to help take the guesswork out of your accounts. We know you work in a stress-filled environment; our job is to remove the stress of your accounts out of the equation.
We’re here to help you grow, while avoiding growing pains
Here at TaxAgility, we recognise that the legal sector is changing very quickly, which can be tricky at a time when law firms are trying to become more innovative with their pricing.
Growing your solicitors or legal practice comes with a lot of baggage. We’re here to help. We’ve worked alongside (and continue to work alongside) numerous solicitors as they attempt to grow their business over time, and from that we’ve learned how complex such an operation can be. Here at TaxAgility we talk all of our solicitor and law firm clients through the most effective growth strategies for them, keeping in mind tax reduction and ease-of-growth, in order to help grow their business the right way.
Experienced Accountants for Solicitors
To speak with a professional accountant to discuss our unique accountancy packages for solicitors and lawyers, contact us today on 020 8780 2349 or get in touch with us via our contact page to arrange a complimentary, no obligation meeting.