Accounting Services For Solicitors
by specialist solicitor accountants
Warr & Co offer a full range of accounting services, covering the usual business accounting necessities and can even provide ad-hoc assistance to your clients regarding forensic accounting, taxation and other related areas.
Our solicitor accountants work with firms across the UK, they have developed an awareness and understanding of the Solicitor’s Accounts Rules (SARs), assisting clients with their regulatory compliance and how law firms must operate within those rules.
With Warr & Co you’ll find that we are proactive solicitor accountants, always with one eye on possible legislation changes, so that we can keep on top of the challenges you face in your firm.
Solicitors have six months from the end of their accounting period to obtain an Accountant’s Report, unless exempt. Warr & Co as a qualified firm of auditors, are able to carry out this work and produce the necessary report, including submission to the Solicitors Regulation Authority (SRA) if required.
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Specialist Solicitor Accountants
At Warr & Co we are able to offer all types of compliance work including:
- Accounts preparation and audit
- Dealing with tax compliance
- Preparing a report under the SRA Accounts Rules 2011
- Partner, partnership and corporate tax returns
Additional Relevant Information For Solicitors
Tax Enquiry Service
What Is A Tax Enquiry?
A Tax Enquiry is an HMRC investigation into your businesses taxes. Often this is not a simple process, as the investigative team from HMRC may want paperwork and face-to-face meetings to discuss your business taxes.
Anyone can be subject to an HMRC enquiry, and you must comply by law. They can target any business they wish to and do not have to have a reason to target your business, meaning that they can open an enquiry even if you’ve done nothing wrong.
This is troubling for businesses, and especially small businesses. The cost of defending your company in a tax enquiry with HMRC is significant and can easily run into thousands of pounds – in addition, it’s not unusual for enquiries to last months or even years. So you need a good accountant on your side to defend you and ensure no errors are made on your behalf throughout the investigation.
What’s Included In The Tax Enquiry Service?
Warr & Co will deal with all HMRC correspondence on your behalf, we will prepare and defend your case, and we will negotiate the best possible outcome for you wherever necessary.
Did you know? Even if you are not at fault and have had no errors in your business taxes, the costs of defending your business in an HMRC enquiry are not refunded. Unfair, yes, but that’s exactly why this add-on service is highly recommended to all of our business clients.
For one small annual fee, your business is covered in case HMRC decides to open an enquiry for your business. Whatever the outcome, you’re safest if you have our Tax Enquiry Service on your side.
We have plenty of information, including a downloadable leaflet about tax enquiries and pricing for this service, on the link below.
Learn More About Our Tax Enquiry Service
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© 2019 Warr & Co Chartered Accountants. Warr & Co Chartered Accountants is a member of The Institute of Chartered Accountants in England & Wales (ICAEW). Whilst the information detailed here is updated regularly to ensure it remains factually correct, it does not in any way constitute specific advice and no responsibility shall be accepted for any actions taken directly as a consequence of reading it. If you would like to discuss any of the points raised and / or engage our services in providing advice specific to your personal circumstances, please feel free to contact any one of the partners on 0161 477 6789 or contact us via our website forms. Warr & Co Chartered Accountants are registered to carry our audit work in the UK, our audit registration number is C002961684, for more information please visit www.auditregister.org.uk.