Townends act for a number of Legal Practices of varying size and structure, including sole traders, partnerships, limited companies and LLPs.
At Townends, our specialised team understand the unique accounting, tax and audit issues the legal profession is facing and work directly with Partners, COFAs 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 and changes arising from the SRA regulatory reforms, 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 and highlight any areas where we think systems can be improved to avoid future issues. We can also support with training on the rules, guidance for the COFA in their role and assistance with developing appropriate procedures and policies to compliment the rules.
As well as providing the routine accounts and audit services, we can assist in more detailed planning as your practice evolves, including:
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.