Solicitors

The unique position of solicitors

Abiding by the Solicitors Regulation Authority (SRA) Accounts Rules alongside the typical HMRC guidelines that businesses must handle presents a layered challenge for law firms.

Errors in the handling of client money can have serious regulatory and professional consequences for a law firm.

The regulations are subject to change, so having a clear understanding from an expert is imperative.

This should be coupled with advice that supports the ongoing management of the firm as well as considerations for the future.

The amount of time and energy that solicitors pour into their work makes it all the more concerning when business succession is overlooked. The value of a partner’s interest in the firm may have Inheritance Tax implications or face other challenges should the top team move on.

Knowing how to approach the current and future financial and tax aspects of running a law firm is our speciality and we are here to help solicitors move forward with confidence.

The right approach for solicitors

Our firm has worked closely with law firms for years, gaining a deep understanding of how the profession can be best assisted.

We are able to help with:

SRA Account Rules compliance
Audit and Assurance
Accounts preparation
Corporation Tax
Partner remuneration and profit extraction
Partnership and LLP tax
Business succession
Inheritance Tax planning
Business succession considerations

Solicitors succeed with
SGD’s support

Law firms benefit from working with advisers who understand the particular financial and regulatory environment in which they operate.

Our time working alongside solicitors has enabled us to gain deep knowledge of the best approaches to keep law firms growing and maintain compliance.

Issues with client accounts can catch solicitors off-guard if they are unprepared, so we can work with your team to identify potential risks and ensure that the necessary measures are being taken to prevent an issue occurring.

When it comes to preserving value in the future, we can work with Partners to make sure that business succession plans are in place well before they are required.

Across all stages of operating a law firm, our team can be by your side to ensure that you have the financial and tax aspects under control.

If you want tailored financial and tax assistance as a solicitor, speak to our team today.

Meet the Experts

Matt Stambach

Private Client Tax Director

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Demsey Slater

Audit & Accounts Director

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Debra Knighton

Director

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Paul Wainwright

Audit & Accounts Manager

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Testimonials

We have been with SGD for just over 10 years professionally and over 30 years as a family. These stats alone should speak volumes. We continue to experience a level of service and professionalism usually only associated with far larger Firms. With SGD, customers retain their name and do not merely become an account number that gets lost between the cracks – as happens with so many other Accountancy Firms. SGD retains talent which gives total peace of mind as a customer; SGD has expertise in everything you need. We would highly recommend them.

Paul Humphreys

We have worked with Spencer Gardner Dickins for many years, and our experience has been consistently excellent. The team is highly professional, reliable and responsive, while always maintaining a genuinely personal and appreciative approach. Their advice is pragmatic, well considered and delivered with a clear understanding of our business.

We greatly value the long-standing relationship and would have no hesitation in recommending Spencer Gardner Dickins.

Cornelius

SGD have been fantastic at advising our business through a phase of rapid growth. Demsey, Charles, Becky and the rest of the team have been supportive, responsive and diligent. We would not hesitate to recommend.

Kieran Shipley

I’ve been using Spencer Gardner Dickins for the past 13 years and have always been extremely pleased with the service they’ve provided. The team is professional, knowledgeable, and highly responsive, giving me complete confidence that my accounts and tax affairs are in safe hands. They have continually delivered an excellent level of service and have built a relationship based on trust and reliability.

Elizabeth Nixon

My organisation has been connected with SGD for well over a decade. Their service has always been of the highest quality and professionalism. I thoroughly recommend their services to any other businesses looking for an accountancy firm to act for them. Thank you!

Brian Trott

Would highly recommend, the advice and support navigating complex systems has made this process much easier. Thank you to Ryan for your quick responses and patience.

Harmony

SGD have really helped with consolidating my finances, highly recommend to anyone self employed looking to offload that added stress that comes with it.

Sean Paton

Been a client of theirs for a few years now and the service has always been great. Would definitely recommend.

Joe Johnson

I have been a client of Spencer Gardner Dickins for nearly 20 years, and they have consistently delivered a first-class service. Their team is professional, highly reliable, and always proactive. If you are looking for accountants you can trust for the long term, I cannot recommend them highly

commnetuk Limited

Very customer-focused, and prioritise rapport and relationship over anything.

Martin Cadwallader

SGD have looked after our family and our various businesses for years. I don’t know what we would do without their professionalism or their kindness

Kate Bates

Very prompt and extremely helpful in all dealings

Barbara Creighton-Thomas

The unique position of solicitors

The right approach for solicitors

Solicitors succeed with SGD’s support

Meet the Experts

Matt Stambach

Demsey Slater

Debra Knighton

Paul Wainwright

Testimonials

Solicitors succeed with
SGD’s support