Welcome to the Winter 2018/19 edition of The LAW, the specialist publication for the legal profession from the legal sector team at Armstrong Watson.
Specialists are available from all of our 16 offices, to provide pro-active support and advice to lawyers in compliance and business improvement matters. This publication is designed to allow us to share our collective experience in acting for lawyers throughout the UK.
Recent topics that we have shared information with our clients on include Making Tax Digital (MTD) and VAT on disbursements following the Brabners case. Both of these remain hot topics:
MTD is very much on the horizon and I would urge you to check that your software will be able to deal with it – don’t assume it will!
We’re finding more HMRC VAT enquiries as a result of the Brabners case and we have had success in reducing the amounts firms have been asked to pay – get in touch if you are contacted by HMRC
We are also looking forward to the new SRA Accounts Rules 2018, which are due to come into effect in Spring 2019. We are running a series of formal public training courses on the new rules and are also being engaged by firms for internal courses for their finance teams and fee earners. Please contact me if you would like to be included.
As ever, in this edition we focus on ways to improve your business and your advice to your clients, including:
- Funding for law firms
- Law firms operating as companies
- The new entrepreneurs relief requirements
- How to protect law firm owners
To view The LAW, click here.
To find out more on any of the above, including how we can work with you to help you and your clients, please do get in touch with Andy, at andy.poole@armstrongwatson.co.uk