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What are the proposed tax changes for the self-employed, sole traders and partnerships?

Unincorporated businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government – which could lead to some facing higher tax bills than expected.

Scams are getting more sophisticated (and common) so beware…

Unfortunately, we are continuing to hear of more people falling victim to scams during the pandemic. These can take many different forms with some about pensions or other high-return investment opportunities. Scammers can be sophisticated, opportunistic, appear authentic, using Covid-19 as an opportunity to persuade people to disclose personal or financial information either online or verbally, and whilst they may be likely to target the vulnerable, anyone can be affected or taken in.

Trusted advice is more important now than ever…

Trusted advice is more important than ever in times like these

Adjusting the numbers – the future of finance in law firms

I was recently honoured to be asked to write part of a new book by Globe Law and Business on the future of finance in law firms.

Details of the book can be found at:

https://www.globelawandbusiness.com/books/adjusting-the-numbers-the-future-of-finance-in-law-firms

Survey highlights businesses’ struggles following third lockdown and impact of Brexit

Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook

Law firms - returning to the office?

Rosy Rourke analyses the recent survey results following Armstrong Watson's Breakfast Briefings on working from home or the office  

Fixed Capital Accounts with Variable (but distributed) Current Accounts

We are finding there are a growing number of law firms approaching us that are looking to include a fixed capital amount in their shareholder or partnership agreements.

Is it worth being a partner in a law firm?

Legal Sector Partner Tom Blandford asks is it worth being a partner in a law firm? 

The trend towards performance related profit share

Traditionally, law firms have rewarded partners using either equal profit share or lock-step to equal profit share.  This approach has felt pressure in recent times, with more firms looking to incentivise and reward behaviours and performance, and also to attract and retain the best people.

An increasing number of firms are looking to implement at least an element of performance related profit share.  Some have done it and it has worked well for them, others have done it and have found it incredibly difficult and divisive. 

Job Retention Scheme changes from 1st May 2021

The Job Retention Scheme is changing from the 1^st May  2021, here's all you need to know to get prepared.