We are pleased to announce the availability of our Winter 2009 Services for Solicitors e-Newsletter, which is provided free of charge to all our solicitor clients and contacts.

In this edition:

Yvonne Wood highlights The Tax Efficiency of Incorporation as a Limited Company and contemplates why more don’t incorporate.

Stuart Littler, gives an update on alternative business structures which will present opportunities that firms should investigate sooner rather than later.

Peter Lane looks at how to prepare for SRA Practice Standards Unit Monitoring Visits, we also have our usual tax updates pertinent to the legal sector.

Peter Lane takes an indepth look at Best Value Tendering for Criminal Legal Aid work, the current consultation period for this closes on 19th June 2009.

Mike Swift, our Director of Forensic Services considers the distinction between profit costs and disbursements particularly in connection with the type of work that he and his team do for litigation support.

Stuart Littler reviews the practical implications for those wishing to take advantage of Legal Disciplinary Practices, we also have our usual tax updates and other sector news.

Managing Finances in Troubled Times
Concerns in The Legal Sector
Internal Controls for Solicitors Accounts
Rules Compliance
SRA Visits on the Increase - How to avoid being ‘Named and Shamed’
Need to Know - Trustee Investment Planning
Hasn’t IT Changed?
Benefits Arising out of Death

Tax Update:

• National Minimum Wage
• Cars and Capital Allowances
• Homeworkers - Tax and NIC free payments
• Stamp Duty Land Tax(SDLT)
• New HMRC Interest Rates
• Salary Sacrifice Arrangements
• Gift Aid Forms
• Inheritance Tax
• Employers required to Auto-Enrol Employees to Pension Schemes from 2012

Covered in this newsletter:

Legal Disciplinary Practices
Alternative Business Structures
Best Value Tendering
Understanding Cost
Accounting For Referral Fees
Mergers
Quality Standards
Solicitors Accounts Rules And Billing
Ogden 6 Tables

Tax Update

• Payroll
• VAT scale charge for private motoring
• Deadline for submission of tax returns
• Tax return errors
• Childcare vouchers 2008-09
• Spouse’s wages
• Capital Gains Tax Changes

Other News

• Going Green
• ISA/PEP merger