[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"global":3,"entry:industry:lawyers":324},{"id":4,"documentId":5,"siteName":6,"organizationSchema":7,"contactEmail":13,"contactPhones":48,"address":49,"currencyRates":50,"createdAt":70,"updatedAt":71,"publishedAt":72,"logoDark":49,"logoLight":49,"nav":73,"footer":257},1,"ded2oyx8g005xuue0dkk17wm","Accountaire",{"url":8,"logo":9,"name":6,"@type":10,"email":13,"sameAs":14,"address":16,"@context":21,"legalName":22,"telephone":23,"areaServed":24,"knowsAbout":36,"description":46,"foundingDate":47},"https:\u002F\u002Faccountaire.com","https:\u002F\u002Faccountaire.com\u002Flogo.png",[11,12],"Organization","AccountingService","hello@accountaire.com",[15],"https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Faccountaire",{"@type":17,"streetAddress":18,"addressCountry":19,"addressLocality":20},"PostalAddress","5 Davis Road, G-8, Shimla Tower","PK","Lahore","https:\u002F\u002Fschema.org","Accountaire (SMC-Private) Limited","+1-925-219-6399",[25,28,30,32,34],{"name":26,"@type":27},"United Kingdom","Country",{"name":29,"@type":27},"United States",{"name":31,"@type":27},"United Arab Emirates",{"name":33,"@type":27},"Canada",{"name":35,"@type":27},"Australia",[37,38,39,40,41,42,43,44,45],"Bookkeeping","Cloud Accounting","VAT","Payroll","Management Accounts","CFO Advisory","Xero","QuickBooks Online","Making Tax Digital","Modern remote accounting for ambitious SMEs. ACCA-qualified team delivering bookkeeping, payroll, tax and CFO advisory across the UK, US, UAE, Canada and Australia.","2022-09-08",[23],null,{"AED":51,"AUD":55,"CAD":59,"GBP":63,"USD":67},{"sym":52,"rate":53,"label":54},"AED ",3.67,"AED",{"sym":56,"rate":57,"label":58},"A$",1.52,"AUD",{"sym":60,"rate":61,"label":62},"C$",1.36,"CAD",{"sym":64,"rate":65,"label":66},"£",0.79,"GBP",{"sym":68,"rate":4,"label":69},"$","USD","2026-06-03T16:16:36.280Z","2026-06-23T19:38:06.501Z","2026-06-23T19:38:05.773Z",{"id":74,"groups":75},31,[76,128,197,238],{"id":77,"title":78,"twoCol":79,"links":80},121,"Services",false,[81,85,88,92,96,100,104,108,112,116,120,124],{"id":82,"label":83,"href":84,"badge":49,"external":79},1949,"Cloud bookkeeping","\u002Fservices\u002Fcloud-bookkeeping",{"id":86,"label":40,"href":87,"badge":49,"external":79},1950,"\u002Fservices\u002Fpayroll",{"id":89,"label":90,"href":91,"badge":49,"external":79},1951,"Tax & VAT","\u002Fservices\u002Ftax-vat",{"id":93,"label":94,"href":95,"badge":49,"external":79},1952,"Management accounts","\u002Fservices\u002Fmanagement-accounts",{"id":97,"label":98,"href":99,"badge":49,"external":79},1953,"CFO-as-a-Service","\u002Fservices\u002Fcfo",{"id":101,"label":102,"href":103,"badge":49,"external":79},1954,"Catch-up bookkeeping","\u002Fservices\u002Fcatch-up",{"id":105,"label":106,"href":107,"badge":49,"external":79},1955,"Company incorporation","\u002Fservices\u002Fincorporation",{"id":109,"label":110,"href":111,"badge":49,"external":79},1956,"Audit & assurance","\u002Fservices\u002Faudit-assurance",{"id":113,"label":114,"href":115,"badge":49,"external":79},1957,"Self-assessment","\u002Fservices\u002Fself-assessment",{"id":117,"label":118,"href":119,"badge":49,"external":79},1958,"Company secretary","\u002Fservices\u002Fcompany-secretary",{"id":121,"label":122,"href":123,"badge":49,"external":79},1959,"Business & risk advisory","\u002Fservices\u002Frisk-advisory",{"id":125,"label":126,"href":127,"badge":49,"external":79},1960,"E-commerce accounting","\u002Fservices\u002Fecommerce",{"id":129,"title":130,"twoCol":131,"links":132},122,"Industries",true,[133,137,141,145,149,153,157,161,165,169,173,177,181,185,189,193],{"id":134,"label":135,"href":136,"badge":49,"external":79},1961,"Sole traders","\u002Findustries\u002Fsole-traders",{"id":138,"label":139,"href":140,"badge":49,"external":79},1962,"Startups","\u002Findustries\u002Fstartups",{"id":142,"label":143,"href":144,"badge":49,"external":79},1963,"Small businesses","\u002Findustries\u002Fsmall-business",{"id":146,"label":147,"href":148,"badge":49,"external":79},1964,"SaaS","\u002Findustries\u002Fsaas",{"id":150,"label":151,"href":152,"badge":49,"external":79},1965,"E-commerce","\u002Findustries\u002Fecommerce",{"id":154,"label":155,"href":156,"badge":49,"external":79},1966,"Amazon sellers","\u002Findustries\u002Famazon",{"id":158,"label":159,"href":160,"badge":49,"external":79},1967,"Shopify brands","\u002Findustries\u002Fshopify",{"id":162,"label":163,"href":164,"badge":49,"external":79},1968,"Non-profits","\u002Findustries\u002Fnon-profits",{"id":166,"label":167,"href":168,"badge":49,"external":79},1969,"Landlords \u002F SPVs","\u002Findustries\u002Flandlords",{"id":170,"label":171,"href":172,"badge":49,"external":79},1970,"Restaurants","\u002Findustries\u002Frestaurants",{"id":174,"label":175,"href":176,"badge":49,"external":79},1971,"Dental clinics","\u002Findustries\u002Fdental",{"id":178,"label":179,"href":180,"badge":49,"external":79},1972,"Doctors & GPs","\u002Findustries\u002Fdoctors",{"id":182,"label":183,"href":184,"badge":49,"external":79},1973,"Lawyers","\u002Findustries\u002Flawyers",{"id":186,"label":187,"href":188,"badge":49,"external":79},1974,"Creatives","\u002Findustries\u002Fcreatives",{"id":190,"label":191,"href":192,"badge":49,"external":79},1975,"Freelancers","\u002Findustries\u002Ffreelancers",{"id":194,"label":195,"href":196,"badge":49,"external":79},1976,"Crypto businesses","\u002Findustries\u002Fcrypto",{"id":198,"title":199,"twoCol":79,"links":200},123,"Software",[201,205,210,214,218,222,226,230,234],{"id":202,"label":43,"href":203,"badge":204,"external":79},1977,"\u002Fsoftware\u002Fxero","Certified",{"id":206,"label":207,"href":208,"badge":209,"external":79},1978,"QuickBooks","\u002Fsoftware\u002Fquickbooks","ProAdvisor",{"id":211,"label":212,"href":213,"badge":49,"external":79},1979,"FreeAgent","\u002Fsoftware\u002Ffreeagent",{"id":215,"label":216,"href":217,"badge":49,"external":79},1980,"Sage","\u002Fsoftware\u002Fsage",{"id":219,"label":220,"href":221,"badge":49,"external":79},1981,"Zoho Books","\u002Fsoftware\u002Fzoho",{"id":223,"label":224,"href":225,"badge":49,"external":79},1982,"MYOB","\u002Fsoftware\u002Fmyob",{"id":227,"label":228,"href":229,"badge":49,"external":79},1983,"Wave","\u002Fsoftware\u002Fwave",{"id":231,"label":232,"href":233,"badge":49,"external":79},1984,"FreshBooks","\u002Fsoftware\u002Ffreshbooks",{"id":235,"label":236,"href":237,"badge":49,"external":79},1985,"Neat","\u002Fsoftware\u002Fneat",{"id":239,"title":240,"twoCol":79,"links":241},124,"Markets",[242,245,248,251,254],{"id":243,"label":26,"href":244,"badge":49,"external":79},1986,"\u002Fmarkets\u002Fuk",{"id":246,"label":29,"href":247,"badge":49,"external":79},1987,"\u002Fmarkets\u002Fus",{"id":249,"label":31,"href":250,"badge":49,"external":79},1988,"\u002Fmarkets\u002Fuae",{"id":252,"label":33,"href":253,"badge":49,"external":79},1989,"\u002Fmarkets\u002Fcanada",{"id":255,"label":35,"href":256,"badge":49,"external":79},1990,"\u002Fmarkets\u002Faustralia",{"id":74,"tagline":258,"marqueeItems":49,"copyright":259,"legalLinks":260,"socialLinks":273,"columns":274},"A modern remote finance team for ambitious businesses across the UK, US, UAE, Canada and Australia.","© Accountaire (SMC-Private) Limited. All rights reserved.",[261,265,269],{"id":262,"label":263,"href":264,"badge":49,"external":79},2006,"Privacy","\u002Flegal\u002Fprivacy",{"id":266,"label":267,"href":268,"badge":49,"external":79},2007,"Terms","\u002Flegal\u002Fterms",{"id":270,"label":271,"href":272,"badge":49,"external":79},2008,"DPA","\u002Flegal\u002Fdpa",[],[275,291,304],{"id":276,"title":78,"links":277},91,[278,280,282,284,286,288],{"id":279,"label":83,"href":84,"badge":49,"external":79},1991,{"id":281,"label":40,"href":87,"badge":49,"external":79},1992,{"id":283,"label":90,"href":91,"badge":49,"external":79},1993,{"id":285,"label":94,"href":95,"badge":49,"external":79},1994,{"id":287,"label":98,"href":99,"badge":49,"external":79},1995,{"id":289,"label":290,"href":103,"badge":49,"external":79},1996,"Catch-up",{"id":292,"title":240,"links":293},92,[294,296,298,300,302],{"id":295,"label":26,"href":244,"badge":49,"external":79},1997,{"id":297,"label":29,"href":247,"badge":49,"external":79},1998,{"id":299,"label":31,"href":250,"badge":49,"external":79},1999,{"id":301,"label":33,"href":253,"badge":49,"external":79},2000,{"id":303,"label":35,"href":256,"badge":49,"external":79},2001,{"id":305,"title":306,"links":307},93,"Company",[308,312,316,320],{"id":309,"label":310,"href":311,"badge":49,"external":79},2002,"About","\u002Fabout",{"id":313,"label":314,"href":315,"badge":49,"external":79},2003,"Pricing","\u002Fpricing",{"id":317,"label":318,"href":319,"badge":49,"external":79},2004,"Blog","\u002Fblog",{"id":321,"label":322,"href":323,"badge":49,"external":79},2005,"Contact","\u002Fcontact",{"id":325,"documentId":326,"title":327,"slug":328,"summary":329,"twoColMenu":79,"order":330,"createdAt":331,"updatedAt":332,"publishedAt":333,"seo":334,"blocks":342},587,"tbunnm28ulzt63qm5r18p7o9","Accountants for lawyers and barristers.","lawyers","Accountants for lawyers and barristers: client account reconciliation under the SRA Accounts Rules, chambers and clerks fees, LLP accounts and IR35 reviews.",0,"2026-06-01T17:04:23.807Z","2026-09-11T00:58:07.362Z","2026-09-11T00:58:07.520Z",{"id":335,"metaTitle":336,"metaDescription":329,"keywords":337,"canonicalURL":338,"ogType":339,"ogLocale":340,"twitterCard":341,"noindex":79,"structuredData":49,"ogImage":49},4394,"Accountants for Lawyers and Barristers: SRA","barrister accountant, solicitor accountant, law firm accountant UK, SRA accounts rules, chambers payments, client account reconciliation, barrister IR35, legal practice accounting","https:\u002F\u002Faccountaire.com\u002Findustries\u002Flawyers","website","en_GB","summary_large_image",[343,351,358,363,375,380,386,391,429,434,460,489,493,517],{"id":344,"eyebrow":345,"heading":327,"lead":346,"artworkSvg":347,"variant":348,"primaryCta":49,"secondaryCta":49,"metrics":349,"media":49,"__component":350},3273,"Industry · Legal","SRA Accounts Rules compliance, chambers payments and clerk fees, client account reconciliation, barrister cash-basis or accruals decisions, partnership taxation. Sector-specific work for legal professionals.","\u003Csvg viewBox=\"0 0 480 360\" fill=\"none\" xmlns=\"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg\" role=\"img\" aria-label=\"Illustration\">\u003Crect width=\"480\" height=\"360\" fill=\"var(--ink)\">\u003C\u002Frect>\u003Ccircle cx=\"400\" cy=\"70\" r=\"150\" fill=\"color-mix(in oklab, var(--accent) 14%, transparent)\">\u003C\u002Fcircle>\u003Cline x1=\"240\" y1=\"95\" x2=\"240\" y2=\"275\" stroke=\"var(--bg)\" stroke-width=\"3\">\u003C\u002Fline>\u003Cline x1=\"160\" y1=\"120\" x2=\"320\" y2=\"120\" stroke=\"var(--bg)\" stroke-width=\"3\">\u003C\u002Fline>\u003Ccircle cx=\"240\" cy=\"95\" r=\"8\" fill=\"var(--accent)\">\u003C\u002Fcircle>\u003Cpath d=\"M160 120l-25 55h50z\" fill=\"var(--ink-mid)\" stroke=\"var(--bg)\" stroke-width=\"2\">\u003C\u002Fpath>\u003Cpath d=\"M320 120l-25 55h50z\" fill=\"var(--ink-mid)\" stroke=\"var(--accent)\" stroke-width=\"2\">\u003C\u002Fpath>\u003Crect x=\"195\" y=\"275\" width=\"90\" height=\"14\" rx=\"6\" fill=\"var(--accent)\">\u003C\u002Frect>\u003C\u002Fsvg>","light",[],"blocks.hero",{"id":352,"eyebrow":353,"heading":354,"body":49,"gridBody":355,"layout":356,"__component":357},14501,"Overview","Legal-specific accounting, properly understood.","\u003Cdiv>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">Accountants for lawyers and barristers keep client money and firm money in separate ledgers, reconcile the client account on the cycle the SRA Accounts Rules demand, and arrange the annual Accountant's Report where the firm is not exempt. For barristers the work is different again, because income arrives through chambers net of clerks fees.\u003C\u002Fp>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">Barristers, solicitors and law firms operate within compliance regimes that generalist accountants frequently misunderstand. The SRA Accounts Rules (for solicitors) impose specific requirements around client money, segregation, reconciliation and reporting. Barristers face the cash-basis vs accruals decision, chambers payment timing, clerks' fees and the IR35 position for direct-access work. Law-firm partnerships have their own profit-share, capital-account and partner-tax mechanics.\u003C\u002Fp>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">For barristers, we handle the income capture (which can lag the work by 12+ months for legal aid work), chambers-rent and clerks-fees deduction, allowable-expense claims (gowns, books, travel, IT, training), and the cash-basis vs accruals election that materially affects timing. Accruals can still suit an established practice with steady billing, so the election is a calculation rather than a default. We model the switch.\u003C\u002Fp>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">For solicitors and law firms, we provide accounts-rules-compliant bookkeeping, client account reconciliation, partner accounts maintenance, LLP \u002F partnership income allocation, and (where firms grow) audit preparation for the AAR-mandated SRA audit threshold. Coordination with SRA-approved auditors is part of scope.\u003C\u002Fp>\u003C\u002Fdiv>","grid","blocks.section-head",{"id":359,"eyebrow":360,"heading":361,"body":362,"gridBody":49,"layout":49,"__component":357},14502,"What we handle","Legal-specific scope.","Specifically for the legal compliance regime.",{"id":364,"heading":49,"intro":49,"items":365,"__component":374},2985,[366,367,368,369,370,371,372,373],"SRA Accounts Rules complianceClient account reconciliation. Office account separation. Daily reconciliations performed. Three-way reconciliation maintained.","Client account reconciliationMonthly reconciliation between client ledger, cashbook and bank statement. Anomalies investigated and resolved.","Barrister cash-basis or accrualsElection made at the right point. Switch from cash to accruals modelled when income grows.","Chambers payments & clerks' feesCaptured correctly as allowable expenses. Tracked monthly.","Allowable expense optimisationGowns, wig, robe, court books, training, travel to court, IT, professional indemnity insurance: all claimed properly.","Partnership accounts (LLP \u002F GP)Annual partnership accounts. Profit-share calculations. Partner capital accounts maintained.","Partner Self-AssessmentIndividual partner returns with partnership income, drawings reconciliation, partnership pension contributions.","IR35 for direct-access barristersStatus determination on direct-access work. Risk position documented.","blocks.deliverables",{"id":376,"eyebrow":377,"heading":378,"body":49,"gridBody":379,"layout":356,"__component":357},14503,"Client money discipline","What do the SRA Accounts Rules actually require of your bookkeeping?","\u003Cdiv>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">Three obligations drive everything else. Client money must be kept separate from the firm's own money and returned promptly once there is no longer a proper reason to hold it. A client ledger must exist for every matter, showing the money held for that client and no other. And the client bank account must be reconciled to the sum of those individual ledgers on a regular cycle, with the reconciliation reviewed and signed by someone senior enough to challenge it. The rules themselves are published by the \u003Ca href=\"https:\u002F\u002Fwww.sra.org.uk\u002Fsolicitors\u002Fstandards-regulations\u002Faccounts-rules\u002F\" rel=\"noopener\" target=\"_blank\">Solicitors Regulation Authority\u003C\u002Fa>.\u003C\u002Fp>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">The failure mode is almost never theft. It is a residual balance of a few pounds left on a closed matter, an office-to-client transfer posted the wrong way, or a disbursement paid from client money before the bill was raised. Individually trivial, collectively they produce a shortfall the firm has to make good from its own funds and a qualification on the Accountant's Report. We run the three-way reconciliation monthly rather than at the outer limit, and we clear residual balances as a standing item rather than an annual clean-up, because a small balance that has sat for two years is much harder to return than one that has sat for two weeks.\u003C\u002Fp>\u003Cp style=\"color:var(--muted);font-size:17px;line-height:1.6;margin-bottom:18px;\">Barristers work under a different set of pressures. Fees are billed through chambers and arrive net of clerks fees and chambers rent, so the receipt in the personal account bears little relation to the fee earned, and aged fee notes can run for years before payment. Since 6 April 2024 the cash basis has been the default for sole traders whatever their income, with accruals available by election, as \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fsimpler-income-tax-cash-basis\" rel=\"noopener\" target=\"_blank\">HMRC's cash basis guidance\u003C\u002Fa> sets out. That changes when tax falls due but does nothing about the underlying cash gap. Direct access work also raises status questions handled under the \u003Ca href=\"https:\u002F\u002Fwww.gov.uk\u002Fguidance\u002Funderstanding-off-payroll-working-ir35\" rel=\"noopener\" target=\"_blank\">off-payroll working rules\u003C\u002Fa>, and the annual return itself is filed through our \u003Ca href=\"\u002Fservices\u002Fself-assessment\">Self-Assessment filing service\u003C\u002Fa>. Firms structured as LLPs should also see our \u003Ca href=\"\u002Fservices\u002Faudit-assurance\">audit and assurance page\u003C\u002Fa> for the reporting accountant work. Barristers and consultants invoicing through a personal service company should also read our \u003Ca href=\"\u002Fblog\u002Fir35-guide-2026\">IR35 guide for contractors\u003C\u002Fa>, which sets out who makes the determination and what a wrong call costs. Firms with employed staff also run PAYE, which sits with our \u003Ca href=\"\u002Fservices\u002Fpayroll\">payroll service\u003C\u002Fa>. The full scope is set out in our \u003Ca href=\"\u002Fservices\">full accounting service list\u003C\u002Fa>.\u003C\u002Fp>\u003C\u002Fdiv>",{"id":381,"quote":382,"name":383,"role":384,"company":49,"avatar":49,"__component":385},2559,"Eight years on cash basis when I should have switched to accruals three years ago. Accountaire ran the switch this April, and surfaced £18k of overpaid tax I'm now reclaiming.","Self-employed barrister","Commercial Bar · London","blocks.testimonial",{"id":387,"eyebrow":388,"heading":389,"body":390,"gridBody":49,"layout":49,"__component":357},14504,"Client money","Client account duties, and what a breach actually costs","The SRA Accounts Rules apply to solicitors firms holding client money. Barristers do not hold client money, so the discipline moves to income timing instead.",{"id":392,"heading":389,"columns":393,"rows":398,"__component":428},178,[394,395,396,397],"Control","Solicitors firm","Barrister or chambers","Consequence of getting it wrong",[399,404,409,414,418,423],{"Control":400,"Solicitors firm":401,"Barrister or chambers":402,"Consequence of getting it wrong":403},"Separation of client and office money","Client money held in a separate client account and never mixed","Not applicable, fees come through chambers","A shortfall that can only be made good from the firm's own money",{"Control":405,"Solicitors firm":406,"Barrister or chambers":407,"Consequence of getting it wrong":408},"Reconciliation","A three-way reconciliation of client ledger, cash book and bank statement, on the cycle the rules require, signed off by a named person","The chambers statement reconciled to the fee book","Shortages that go undetected, and a qualified Accountant's Report",{"Control":410,"Solicitors firm":411,"Barrister or chambers":412,"Consequence of getting it wrong":413},"Accountant's Report","Obtained annually unless the firm meets the exemption conditions","Not applicable","A reporting obligation missed, which is itself reportable",{"Control":415,"Solicitors firm":416,"Barrister or chambers":412,"Consequence of getting it wrong":417},"Residual balances","Dealt with under the rules rather than left to sit","Balances ageing on the client account with nobody attached to them",{"Control":419,"Solicitors firm":420,"Barrister or chambers":421,"Consequence of getting it wrong":422},"Income timing","Bills raised and recognised as work is delivered","Cash basis or accruals, elected at the right point, with legal aid income lagging the work by a year or more","Tax paid on fees that have not yet been received",{"Control":424,"Solicitors firm":425,"Barrister or chambers":426,"Consequence of getting it wrong":427},"Disbursements","Split between those paid from client money and those funded by the firm","Chambers rent and clerks fees claimed as expenses","VAT and expense treatment applied to the wrong side of the ledger","blocks.compare-table",{"id":430,"eyebrow":431,"heading":432,"body":49,"gridBody":433,"layout":356,"__component":357},14505,"Why us","Why legal professionals choose us.","\u003Cp class=\"lead\">Sector-specific compliance built into scope.\u003C\u002Fp>",{"id":435,"heading":49,"dark":131,"variant":436,"note":49,"cells":437,"__component":459},6955,"default",[438,444,449,454],{"id":439,"num":440,"numUsd":49,"eyebrow":49,"headline":441,"avatar":49,"body":442,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":49},27674,"01","SRA-fluent","Accounts Rules applied correctly. Client-account reconciliation that satisfies SRA auditors.","2",{"id":445,"num":446,"numUsd":49,"eyebrow":49,"headline":447,"avatar":49,"body":448,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":49},27675,"02","Barrister specialist","Cash vs accruals decision. Chambers payments. Direct-access IR35 risk.",{"id":450,"num":451,"numUsd":49,"eyebrow":49,"headline":452,"avatar":49,"body":453,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":49},27676,"03","Partnership accounting","LLP and GP accounts. Profit-share allocations. Partner capital accounts.",{"id":455,"num":456,"numUsd":49,"eyebrow":49,"headline":457,"avatar":49,"body":458,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":49},27677,"04","Discreet & confidential","Mutual NDAs available. Strict access controls. Sensitive matters handled appropriately.","blocks.bento",{"id":461,"heading":462,"items":463,"__component":488},1911,"What accountants for lawyers and barristers are asked.",[464,468,472,476,480,484],{"id":465,"question":466,"answer":467},12056,"Can you handle SRA Accounts Rules?","Client account reconciliation, three-way reconciliation and breach reporting where applicable are standard scope for solicitors and law firms, with coordination with SRA-approved auditors at the relevant audit thresholds.",{"id":469,"question":470,"answer":471},12057,"Should I be on cash basis or accruals?","From 6 April 2024 the cash basis is the default for sole traders and partnerships of individuals of any size, and the old £150,000 entry and £300,000 exit thresholds went with that change. Accruals is now the method you elect into. For a barrister the default usually helps, because tax follows the receipt rather than the fee note, and the same reform lifted the £500 cap so interest incurred wholly and exclusively for the practice is deductible in full. We model the election either way.",{"id":473,"question":474,"answer":475},12058,"What about clerks' fees and chambers rent?","Both are allowable expenses against barrister income. Captured monthly in the bookkeeping and claimed correctly in the annual return. We also identify other often-missed allowables: professional indemnity, books, training, robes, computer equipment.",{"id":477,"question":478,"answer":479},12059,"Can you handle law firm LLPs?","LLP accounts under FRS 102 (or FRS 102 Section 1A for smaller LLPs), partner profit-share calculations, partner capital accounts, partner pensions and partner Self-Assessment returns are all within scope. Where audit is required (turnover above £15m for periods beginning on or after 6 April 2025, up from £10.2m) we coordinate.",{"id":481,"question":482,"answer":483},12060,"What's the IR35 position for direct-access barristers?","Direct-access work is increasingly common but creates IR35 considerations where the client is a medium\u002Flarge business or public-sector body. We document the status determination on each material engagement and flag elevated-risk arrangements.",{"id":485,"question":486,"answer":487},12061,"Do you handle the SRA AAR (Annual Accountants Report)?","Yes: coordinating with SRA-approved accountants to deliver the AAR for solicitor clients above the threshold. We prepare the underlying workpapers; the AAR signoff comes from the SRA-approved reporter.","blocks.faq",{"id":490,"eyebrow":491,"heading":492,"body":49,"gridBody":49,"layout":49,"__component":357},14506,"Recommended services","Commonly added by law firms.",{"id":494,"heading":49,"dark":79,"variant":436,"note":49,"cells":495,"__component":459},6956,[496,500,503,507,512],{"id":497,"num":498,"numUsd":49,"eyebrow":49,"headline":114,"avatar":49,"body":499,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":115},27678,"COMPLIANCE","Annual returns for barristers and partners.",{"id":501,"num":498,"numUsd":49,"eyebrow":49,"headline":90,"avatar":49,"body":502,"span":443,"rowSpan":79,"accent":79,"dark":131,"href":91},27679,"VAT (where above threshold) and Corporation Tax for incorporated firms.",{"id":504,"num":505,"numUsd":49,"eyebrow":49,"headline":110,"avatar":49,"body":506,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":111},27680,"ASSURANCE","SRA audit preparation for solicitor firms.",{"id":508,"num":509,"numUsd":49,"eyebrow":49,"headline":510,"avatar":49,"body":511,"span":443,"rowSpan":79,"accent":79,"dark":79,"href":119},27681,"STATUTORY","Company secretarial for law firms","LLP and company filings, registers and confirmation statements.",{"id":513,"num":514,"numUsd":49,"eyebrow":49,"headline":515,"avatar":49,"body":516,"span":443,"rowSpan":79,"accent":79,"dark":131,"href":244},27682,"MARKET","UK compliance for professional firms","The HMRC and Companies House calendar your practice sits inside.",{"id":518,"cta":519,"__component":524},2210,{"id":518,"eyebrow":520,"heading":521,"body":522,"primaryLabel":523,"primaryHref":323,"secondaryLabel":49,"secondaryHref":49,"dark":79},"For legal professionals","Want sector-fluent accounting?","Thirty minutes to review your practice structure and current tax position.","Book a law firm accounting call","blocks.cta-banner"]