What we do
- Annual accounts
- Improvements in financial efficiency
- Risk management
- Working capital considerations
- Management areas of profit appropriation and associated drawing policies
Structures and succession
- Conversion to LLP or Limited Company
- Exit arrangements
- Capital contributions
- Property ownership
Client money examinations
Many professional practices hold client money and require an examination to be forwarded to the regulators who include:
Compliance for professional services
Tax should not direct a professional practice but it does affect cash flow, whether you trade as a Partnership, an LLP or a company. We complete the partnership or company financial statements, tax returns and also provide a full compliance service to the owners of the firm, as well as helping with forecasting tax liabilities and providing planning advice.
Our audit team is also experienced in working with professional practices for statutory and other assurance requirements.
We have a wide range of services on offer but if you are unsure if we can help, please don’t hesitate to get in touch.
Supporting COLPs and COFAs
Being a COLP and/or a COFA can feel like a lonely position.
In our recent webinar, our specialist team provided updates on the recent and upcoming changes which will have a huge impact on the legal sector.
How we've supported professional services
Kreston Reeves have been our accountants for more than 50 years which is testament to the value we place on their support to our business. It is their particular focus on being a trusted adviser which we value, and more so than ever during the last few years following the incorporation of our business 7 years ago. Aside from preparation of accounts, their service to us has expanded to assist us in the implementation of our strategic plans and it has been especially helpful to have Jennifer, Steven and our dedicated Kreston Reeves team as a single consistent points of contact for us.
Christopher Longden, Managing Director, Whitehead Monckton Solicitors
We approached Kreston Reeves at a difficult time in our practice, they were very professional and reassuring in their unwavering support of our business, with timely advice and guidance provided. During and after Covid-19, it became clear that a new succession strategy had to be developed, without the help and expertise of Kreston Reeves this would have been difficult to achieve. Following a period of engagement at different levels, including mentoring and client workshop sessions, a clear pathway ahead emerged which has recently been accomplished. After 60 years in business, the Evans & Langford team are now looking forward to engineering the future, as part of the larger multi-disciplinary RB Plant Group. This is an important and very positive outcome of a fruitful existing relationship, where there is great synergy and cultural fit between the two companies.
Simon Robertson, Director, Evans & Langford
Meet our professional services team
Our purpose, our passion
To guide our clients, colleagues and communities to a brighter future.
In a continually evolving world we help all generations embrace change through trusted advice, support and guidance. Our passion for continued improvement ensures that we work to understand your goals, support and advise you on your journey and help you to realise your ambitions.