For Professionals
Clients often require a multi-disciplinary approach, drawing on the skills of different professions in planning their affairs and implementing consequent action. We're used to working as a team and will work with you to make sure our mutual clients receive a perfectly co-ordinated service.
We don’t advise on any one topic in isolation, but work together with banks & solicitors to provide holistic advice, assisting with business development, corporate finance, due diligence & forensic accounting.
We increasingly finding ourselves helping other professional firms or liaising with other professional advisers, for example solicitors and fund managers, we assist with overall wealth management for our clients based across the country and abroad. Working closely with other professionals we can help clients to manage their full range of personal taxes.
We also offer tax and financial planning for partners of professional firms, including many LLP’s. In addition to advice on partnership agreements and regulatory issues, we work closely with many firms across a diverse range of management and financial situations. We also provide advice on the complicated array of tax issues that face the partnership and their partners.
We can offer a range of services including:-
- Personal taxes
- Trusts
- Financial services
- Wealth management
- Pensions
- Drawing up financial plans
- Inheritance Tax Planning and Wills
- Investments
- Life insurance
- The use of trusts
- Advice on separation or divorce
Professional Partnerships
We offer tax and financial planning for partners of professional firms, as well as advice on partnership agreements and regulatory issues.
Advice for Legal Firms
Legal firms today face increasing competition, downward pressure on fees, ever-changing legislation and a less stable marketplace. All this can make it hard for partners to find time to manage the firm, and creates an urgent need for experienced professional support.
We provide law firms of all sizes with an invaluable resource of strategic, financial and management advice. We can provide practical support and help in tackling the problems which currently confront legal practices.
Partnership strategy, planning and mergers
Partnerships can be difficult structures to manage, since the owners also act as employees. Because you're concentrating on giving excellent service to your clients, you may end up neglecting the future of your own business. We are conscious of the dangers and can offer experience and objectivity to help you develop planning methods so that your partnership is run on a sound commercial basis.
Sometimes decisions have to be taken which involve conflicts of interest between partners and in these situations we can act as external facilitators. And if mergers are contemplated we will help you strike the best deal.
Tax planning, payments & returns
The tax treatment of professional partnerships can be very complex. It is particularly important to take into account the individual tax situation of each of the partners. We can help you through this minefield and ensure that there are no nasty shocks at the end of the tax year.
Personal and partnership tax
We are familiar with the systems of external and self-regulation for Solicitors, Lawyers, Surveyors, Consultants and Agents, and frequently provide the relevant reports for professional bodies.
For further information please speak to Jim Reece on 0116 261 0061 or email: jimreece@clearandlane.co.uk
