Supporting Solicitors

At Foxley Kingham, we understand the intricate financial landscape that solicitors work in, and the specific challenges it presents.

Solicitors often face critical hurdles such as ensuring compliance with SRA regulations while maintaining meticulous records of client money. Tax planning for both personal and business finances adds another layer of complexity, especially when dealing with fluctuating cashflows, VAT reporting, and managing partnerships or LLPs. These are areas that can drain your time and resources, leaving you with less capacity to focus on delivering exceptional legal services. Our team is here to guide you through these obstacles with ease.

How we work

We provide specialised, tailored support for solicitors. Our expert team offers advice that not only ensures your compliance with SRA requirements but also optimises your financial health. From creating effective tax strategies and streamlining your financial management systems, to offering solutions for VAT, payroll, and partner remuneration, we design our services to fit seamlessly with your needs.

Our approach is proactive, working closely with you to understand your practice and tackle challenges head-on. By simplifying processes, offering clear advice, and delivering actionable insights, we help you reclaim time and peace of mind, so you can focus on your clients without financial concerns weighing you down.  

Some of the ways we can help include: 

• SRA Accounts Rules Accountants’ Reports
  We are experienced in carrying out client money audits in accordance with the SRA Accounts Rules, providing peace of mind during audits.
• Specialist Tax Advice
  Whether it’s partnership taxes, VAT, or personal tax management, our expert advice helps you minimise liabilities and maximise efficiency.
• Cashflow and Financial Planning
  We help you develop strategies to stabilise cashflow and plan for long-term financial health.
• Cost Management
  From analysing overheads to planning for rising professional indemnity costs, we help you stay in control.
• Growth and Business Development
  Our team provides insights and guidance to support the growth of your practice while maintaining client satisfaction.
• Making Tax Digital 
  With MTD approaching, we help you prepare your systems and processes early — ensuring your records, submissions, and software are fully compliant with HMRC’s digital requirements.

If you’re ready to experience accounting tailored to your profession, our experts would be delighted to help. Contact us today to discuss how we can support your firm.