Townends act for a number of Legal Practices of varying size. We work directly with Partners, COFA’s and the firm’s finance team to understand the relevant issues applicable to each business.
Townends, as registered auditors, are also authorised to carry out the annual SRA Accounts Rules audit, and have a specialist team who understand the requirements of these rules in detail. Given the ever increasing onus on practices under the Code of Conduct, we are well aware of the burden of care placed on firms and not only are we able to conduct the audit in an efficient manner, we will also discuss our findings with the firm prior to submitting any reports to the SRA and highlight any areas where we think systems can be improved to avoid future issues. We can also assist in training on the rules and guidance for the COFA in their role.
As well as providing the routine accounts and audit services, we can assist in more detailed planning as your practice evolves, including:
- Partnership agreements
- Succession planning
- Merging or selling your practice
- Individual tax planning
- Wealth management
- Practice financing
- Property ownership
We aim to provide timely and proactive advice in addition to the annual accounts and tax return compliance work and would welcome the opportunity to discuss your requirements.