At Barrister Accounts, we specialise in tax planning and HMRC compliance for barristers and legal professionals. Our specialist knowledge of this area of accountancy has seen our company grow our client base of barristers to over 20 of the top professionals in the industry.
We know that you lead a busy life and that your time is very precious as a barrister, this is why we take the stress out of your accounts and offer a hands-off solution for your tax planning and HMRC compliance needs.
As an accountancy practice created only for barristers and legal professionals, we’re able to stay up to date on any industry changes and apply our specialist knowledge to your own circumstances to ensure that you’re operating in line with HMRC regulations and also in the most tax-efficient manner possible.
To gain an understanding of your personal situation, we offer a free 2 hour initial consultation during which we will appraise where you are at. From there, we’ll be able to offer you advice on your personal circumstances and hopefully it will be the beginning of a long-lasting relationship.
Income Tax & National Insurance
I know all the rules regarding taxation of barristers and the reliefs available and preparing for including debtors in your income after 7 years in practice, preparing for retirement etc.
I always advise my clients who seek advice regarding the best way to claim for motor expenses etc. For new clients I offer a free introductory meeting where I will review how best to claim for motor expenses and ensure you are claiming all that is possible but advise against expenses that are not tax deductible.
I will file your Annual Tax Return and handle your HMRC Statements of Account if you wish me too.
Looking ahead, I can forecast future tax payments based on your latest profit forecasts.
When HMRC introduce Quarterly on-line filing of financial information for the self employed from April 2018 I can handle this for any client who needs it.
VAT Returns For Barristers
There are a variety of different VAT Schemes available. I will advise on the best scheme for you.
I will file Quarterly VAT Returns for barrister clients who want a Quarterly service. I produce Quarterly Profit Reports as a standard part of my Quarterly Service.
If you employ your partner or someone else as your assistant I will process all monthly and annual payroll returns.
Financial & Wealth Management
Many barristers are so busy with a demanding job (and trying to relax a bit too! ) that they can often neglect important areas of finance. I know many of the tax pitfalls that can catch the unwary if they want to provide for the future or for their family. If a financial adviser is required I can recommend my own financial adviser for you to consider.
Did you know that we offer a free 2 hour consultation to all potential clients?
This gives us chance to get an insight into your personal circumstances so that we can advise you on your tax affairs.
Call us on 0115 972 7783 or