Annual accounts and tax compliance, with added value

Our experience as UK market leading accountants for law firms means that we don’t just prepare your annual accounts, tax computations and returns - we advise on best practice from a position of strength.  Whether that is making pro-active suggested improvements to your outlook, strategy, marketing or compliance based on what we see in the market as a whole; or whether it is letting you know about tax reliefs and effective planning, we don’t take the approach of mere compliance with a ‘see you next year’ attitude.  We’re with you right throughout the year, helping you to achieve your objectives.

What is it?

Preparation of your financial statements, tax computations and returns based on the information you provide to us.

Who is it for?

All law firms of all sizes in all locations.

What are the benefits for your firm?

1. Compliance with accounting and tax requirements so that you can sleep at night. 2. Improvements to your business based on our interrogation of your financial and business affairs, together with use of our bespoke benchmarking report. 3. Access to our specialist team throughout the year – the ability to pick up the phone and ask questions without the worry of incurring additional charges. 4. A quick and efficient process as all of our team already understand the nuances of law firms.

What do I have to do?

Compile and provide certain financial and other information as requested. Pre-agreed partners and staff to be available to provide further information. Partners and head of finance to attend the closing meeting.

What are the deliverables?

Provision of and then meeting to discuss the draft accounts and reports. Submission of financial statements to Companies House. Detailed analysis of your business and suggested commercial, strategic and compliance improvements to implement, making use of a bespoke benchmarking report prepared for your specific circumstances. Preparation and submission of your business and personal tax computations and returns.

What is the cost?

Bespoke fee options provided case by case based on size, complexity and particular requests. Fee options can include fixed fee, hourly rates as well as payments made monthly to ease your cashflow.

How long will it take?

Typically one month, with all services completed within four months of your year end.

Our experience

Armstrong Watson works with approximately 150 law firms annually from sole practitioners to multi-site firms with 40+ partners.

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