Solicitors and Trustees Accountancy Services
Solicitor accountancy services
Here at Alexander Bursk, we deliver a fully compliant accounts package for your solicitors firm. With many years of experience in accountancy solutions for solicitors, we ensure that all mandatory accounting documents adhere to the regulations set out by the Solicitors Regulation Authority (SRA).
We offer solicitors a full reporting package in addition to your Solicitors Account Reports. The following services are available to our clients.
- Solicitor accounts preparation and audit
- Tax planning and compliance for the law sector
- Partner/Partnership and corporate tax returns for Solicitors
We also offer comprehensive advice to Solicitors on peripheral matters such as personal and business planning. This includes issues such as limited liability partnership conversions and incorporations, partnership changes and tax-efficient remuneration planning.
As qualified, registered auditors, we possess a wealth of knowledge to help your solicitors firm make the best accounting decisions. Contact us today to arrange a call to discuss how we can support your business needs.
Frequently asked questions
Do I need SRA accounting reports?
Under the Solicitors Regulation Authority (SRA) all solicitor firms who deal with client money are required to obtain Solicitors Accounting Reports. There are two exceptions to this rule set out by the SRA:
· All of the client money held is specifically for legal aid
· The amount of client money held within the client account does not exceed :
(i) an average of £10,000 and
(ii) a maximum of £250,000
What is the SRA reporting deadline?
The SRA states that the Solicitors Account Report must be acquired within six months of the end of the accounting period and if qualified a copy must be sent to the Solicitors Regulation Authority (SRA).
Do we offer a full accounting service?
Yes. With many years of experience dealing with the accounting needs of Solicitors, Alexander Bursk are able to offer a full bespoke accounting service. This service includes but is not limited to – Preparation of the accountants report for the law society, accounts preparation for HMRC, tax planning and tax returns for partners. For more information please contact us on 0161 773 7737 or email firstname.lastname@example.org