Bottomline
Spring 2012
It's 8:06pm on Wednesday 22nd February, 2012
How Lexcel accreditation can strengthen your law firm
Regular readers of my blog will know I have talked on numerous occasions about the benefits to law firms of gaining Lexcel accreditation. While I have alluded to the benefits in a number of posts, I’ve decided to focus this blog entirely on the reasons why I think law firms should be looking to gain [...]
Posted by
Karen Hain
in
Advice for Professional practices, Impact of Legal Services Act
On February 17 2012
Top tips to avoid errors on your VAT returns
Following on from our June update relating to the treatment of VAT on disbursements, we have come up with a list of top tips to help you avoid errors on your VAT returns. There are some common errors which typically relate to the legal profession as follows:
Posted by
Louise McDuff
in
Advice for Professional practices
On February 10 2012
Business Structures And The Tax Implications (video)
Moore and Smalley’s head of professional practices, Karen Hain, and tax partner, Rachel Marsdin, discuss the most appropiate business structures for your professional business from a tax point of view.
Posted by
Karen Hain
in
Advice for Professional practices, Moore and Smalley TV
On January 12 2012
2012 will be a year of change for legal sector
With very sluggish growth predicted, it’s going to be a tough year for all businesses and this in itself will continue to impact the legal sector as companies look to reduce legal costs and demand for certain legal services falls. 2012 will be the year we start to see the impact of non-lawyer owned legal [...]
Posted by
Karen Hain
in
Advice for Professional practices
On December 22 2011
Solicitors Accounts Rules changes from 6 October 2011
On 6 October 2011, the Solicitors Accounts Rules 1998 were replaced by the Solicitors Regulation Authority Accounts Rules. Here are some of the main changes to the rules: – Status of Rules and Guidance Notes The new Accounts Rules form part of the SRA Handbook, which also includes the new Code of Conduct. The Guidance [...]
Posted by
Rebekah Holt
in
Advice for Businesses, Advice for Professional practices
On November 25 2011
Impact of Legal Services Act: Risk management and strategy the new watchwords for law firms
With the end of the year approaching and with alternative business structures now a reality, many managing partners will be taking stock and thinking about what the future holds. Some law firms have already taken proactive action by launching new services to take advantage of deregulation under the Legal Services Act, others have taken a [...]
Posted by
Karen Hain
in
Advice for Professional practices, Impact of Legal Services Act
On November 10 2011
Impact of Legal Services Act: ABS require detailed business plans
Well, October 6 has been and gone and the initial wave of alternative business structures (ABS) is in the pipeline. The Council for Licensed Conveyancers (CLC) has announced that it is considering ABS applications and about 100 are expected by the CLC this year. While it’s now unlikely the Solicitors Regulation Authority (SRA) will be [...]
Posted by
Karen Hain
in
Advice for Professional practices, Impact of Legal Services Act
On October 21 2011
Are you putting the correct date on client ledgers?
The date posted to the client ledger must always be the date that the transaction took place. The following Rules and Guidelines pick up this point: Rule 1 (f) ‘A solicitors must comply with the requirements of rule 1 of the Solicitors’ Code of Conduct 2007, and in particular must…(f) keep proper accounting records to [...]
Posted by
Louise McDuff
in
Advice for Professional practices
On September 30 2011
