At Cottons Chartered Accountants we provide solicitors with expert tax and accounting advice through a friendly and personal service. Our clients are also able to take advantage of our well-established network of branches which allow us to cover even the most specialist of queries.
As part of our personal service, our clients have their own dedicated contact at Cottons. We also never use jargon or complicated technical and financial terms. We explain everything in a way that helps clients quickly grasp whatever we’re discussing as above all, our aim is to build long-term relationships with clients to ensure their business is managed efficiently for success.
All solicitors holding Client monies are required to comply with the Solicitor’s Accounts Rules, a comprehensive document defining Client money, specifying how those monies should be dealt with and the related records maintained, to ensure the protection of the solicitor’s clients and their funds.
Unless exempt, solicitors have six months from the end of their accounting period to obtain an Accountant’s Report. As a qualified firm of auditors, Cottons are able to undertake this work and produce the necessary report, including submission to the SRA where required.
Solicitors Account Rules Audits & more…
Our team are able to assist you with your regulatory compliance, including and solicitors account rules compliance where required, systems review work and ad-hoc advice for those day-to-day queries.
All solicitors holding Client monies are required to comply with the Solicitor’s Accounts Rules, a comprehensive document defining Client money, specifying how those monies should be dealt with and the related records maintained, to ensure the protection of the solicitor’s clients and their funds.
Unless exempt, solicitors have six months from the end of their accounting period to obtain an Accountant’s Report.
As a qualified firm of auditors, Cottons are able to undertake this work and produce the necessary report, including submission to the Solicitors Regulation Authority (SRA) where required.
Understanding your requirements
We understand the unique accounting and taxation needs of your profession and have worked with firms as they transition from the traditional sole trader or partnership models to the more protected LLP and company structures.
We support your business
We are a proactive team, constantly looking to provide added value to your accountancy, tax, SRA compliance services and we pride ourselves in building long-term working relationships with our clients. For more information please contact us.
Cottons Chartered Accountants are able to help solicitors with a range of services. To find out more about Cottons please use the menu below or contact us for further information.