Accountants for solicitors, consultants and agencies.
Profit extraction, partner draws and tax-efficient remuneration for partnerships, LLPs and professional services firms.
Where founders in your sector get stuck
Profit extraction
Working out the right mix of salary, dividends, pension contributions and partner draws takes account of each individual's other income and plans, which is why a single firm-wide answer rarely suits everybody.
LLP or limited company
The right vehicle depends on how profits are shared and what the partners want personally, and we'd only recommend changing it where the modelling shows a lasting benefit rather than a one-off saving.
Lumpy cash and lock-up
When revenue is project-based, work in progress and debtor days drive the cash position far more than profit does, so drawings need to be planned against lock-up rather than against the profit share.
Industry-specific tax expertise
- Director and partner remuneration strategy
- Pension contributions and the annual allowance
- VAT partial exemption for mixed-supply firms
- Capital allowances on office fit-outs
- Succession and retirement planning for partners
Related pages
Common questions
Can you act for SRA-regulated firms?
Yes, including client account compliance and the annual accountant's report, and we're used to the record keeping the rules expect around the client account.
Can you advise on LLP against limited company?
Yes, and that includes modelling the income tax and National Insurance position for each partner individually, since the answer often differs between them.
Do you handle multi-partner profit shares?
Yes, covering fixed shares, variable shares and notional interest models, along with the allocations and current accounts that go with them.