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

Barristers can now benefit from major tax savings

At Langdowns DFK, we have advised 100s of businesses over recent years, on the advantages and disadvantages of trading as a Limited Company. We specialise in the tax planning considerations that go hand-in-hand with this opportunity.

Until recently, this was not available to Barristers, but as from January 2015, the Bar Standards Board (BSB) are now able to accept applications from Barristers to register as an 'entity'. This opens up a considerable number of opportunities for Barristers to benefit from.

Click here to find out more.

If you are interested, we'd be delighted to offer you a FREE initial meeting to discuss the changes, now in place with the Bar Standards Board, and give you an idea of the level of tax savings you could achieve.