Professional practices

Langdowns DFK have over 50 years experience at assisting and advising many professional practices from solicitors and medical practices through to architects and surveyors.

Our aim is to provide you with pro-active advice that will be beneficial to your business’s individual requirements. Our unique understanding of the professional practice sector ideally places us to help you with all your compliance requirements, and key opportunities to minimise your tax liability.

As well as the basic accounting and tax compliance matters being fully covered, we are able to provide much greater pro-active assistance in many areas, such as:

• Initial formation, acquisitions, and mergers
• Exit strategies for retiring partners
• Advising on business structure and constitution, be it as a simple Partnership, a  limited company or a Limited Liability Partnership (LLP)
• General tax planning and profit extraction, including all capital taxes, VAT and    PAYE matters
• Specialist tax strategies, where appropriate
• Bookkeeping and management accounts production
• Regulatory assistance, including all aspects of maintaining clients money and the Solicitors Accounts Rules
• Payroll operation
• Cashflow management and forecasts