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HMRC has launched its latest voluntary disclosure campaign, this time targeting solicitors whose tax affairs need regularising.
The cobbler’s children were frequently at risk of going unshod. And so it is with governance in professional service firms.
Email. A good or a bad thing? Well, mostly good, but for professional service firms working with global clients or international networks, here is a word or two of caution.
All law firms will be affected by a wide range of legislative changes hitting the sector from 1 April 2013.
The Solicitors Regulation Authority commenced processing ABS applications on 3 January 2012. What have we seen in the 18 months since this date?
The Solicitors Regulation Authority has started its consultation process into whether to scrap the annual Solicitors Accounts Rules Report. Quite right.
There are many well-publicised challenges facing law firms, including fee pressures, new entrants to the market and regulatory changes to name but a few.
If you currently occupy premises under a lease and received an incentive for entering into that lease, you may gain cashflow advantages from adopting FRS 102 early.
With 6 April 2014 now behind us, the new regime for taxing members of LLPs is in force.
HMRC has published draft legislation dealing with ‘disguised salary’ of LLP members, partnerships with individual and company members and further anti-avoidance measures.
Cybercrime is one of the fastest-growing criminal activities on the planet. It covers a huge range of illegal activity including financial scams and computer hacking.
HMRC has published an important review of two aspects of the tax rules affecting partnerships and limited liability partnerships (LLPs).
Entity-based regulation means stormy weather ahead for law firms.
Solicitors carrying on consumer credit activities from 1 April 2014 without permission of the FCA will be committing a criminal offence and a breach of FCA regulations.
The House of Lords Economic Affairs Committee’s Finance Bill Sub-Committee has published its report on its review of the draft legislation on partnership and LLP taxation.
Have you noticed how each firm develops its own special language in the form of three- or four-letter acronyms?
Smaller-firm failures can offer growth opportunities for motivated and well-run practices.
During the summer, the Solicitor’s Regulation Authority (SRA) has been consulting on six specific aspects of regulatory reform.
Discussions with HMRC are already revealing areas where the new tax rules may benefit from modest relaxations before they come into force from 6 April 2014.
Following consultation with Baker Tilly and other concerned groups, HMRC has published revised guidance on the new tax rules for salaried members of LLPs.