As a solicitor, you see clients at some of the most difficult and stressful times in their personal and professional lives. They trust you to be more upstanding than a regular business or service provider, which is why demonstrating financial compliance through regular audits serves a far wider purpose than simply avoiding penalties. Audits are […]

Keeping abreast of the updates to anti-money laundering (AML) laws is one of the key challenges facing legal firms. The reach of these regulations stretches from global law firms to smaller practices, so it is important for all legal professionals to comply. Here are the key changes to AML guidance you need to know about […]

As a law firm operating in the UK, your practice must meet certain requirements set out by the Solicitors Regulation Authority (SRA). These regulations are designed to protect client assets and the integrity of your firm while ensuring the SRA holds up to date information about your practice. Compliance with these regulations, aside from being […]

Making Tax Digital (MTD) is the Government’s initiative designed to streamline and digitise tax reporting in the UK. While the MTD scheme has been in force for the past few years, changes are approaching, particularly for sole traders, self-employed individuals, and landlords. Below, we outline clearly what MTD is, who it affects, the upcoming changes, […]

If you have spent any amount of time looking into the world of credit control, you may have become overwhelmed by all the advice that abounds from professionals. What started out as a relatively simple Five Cs mantra has evolved in some places to become the Seven Cs or even the Eight Cs. It is […]

Recent changes to how mandatory auditing is conducted may have caused you to breathe a sigh of relief. Where once companies with a £10.2 million turnover and/or assets worth more than £5.1 million  required an audit, now only companies with a turnover of £15 million and/or assets worth more than £7.5 million will require an […]

Major changes to Inheritance Tax (IHT) were announced in the 2024 Autumn Budget with a staggered implementation of a variety of tax reforms. The new 2025/2026 tax year brings with it another change to the tax rules ahead of even greater changes in the years to come. You may find yourself wondering if there is […]