Professional practices

We have a unique expertise outside of London when it comes to dealing with the tax affairs of professional practices. For many years our two founding Partners ran the tax affairs of a large actuarial partnership. We can deal with the most complex partnership structure imaginable and we understand the nuances from an in-house and an external adviser perspective.

Our services to Professional Practices

Tax Compliance

Preparing the partnership’s tax computation based on the firm’s accounts, including liaising with auditors and finance committees as required
Preparing the partnership’s tax return and partner statements
Preparing each individual partner’s tax return
Calculating partner tax provisions for the firm’s accounts and liaising with the firm’s finance department
Making payments to HMRC on behalf of individual partners and providing partners with appropriate reconciliations and support
Dealing with P11d’s for all employees

Partner Matters

Dealing with all implementation of partner remuneration and partnership capital issues
Providing financial induction to new partners
Dealing with financial projections and calculations for departing partners
Providing discreet advice to partners on their personal taxes, remuneration and financial planning concerns

Advisory

Assisting the management and/or the HR team with calculations and advice on hiring and seconding partners and on partner departures
Looking after the financial implications of expatriate moves within the firm
Strategic partnership tax planning
Tax cash-flow planning and forecasting
Setting up and running trust arrangements to deal with deferred or bonus compensation

Professional practices

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