Legal Accountants

Law Firm Accounts and Tax Returns

Written and reviewed by the Legal Accountants editorial team. Last reviewed 28 July 2026.

This is the core engagement: the firm's annual accounts and tax return prepared and filed, and the partners' or members' personal tax on their profit shares handled alongside it. Where the guides explain the rules, this is us doing the work and owning the deadlines.

Fixed fee, agreed before we begin, whether the firm is a partnership, an LLP or a company.

What We Handle

The firm's annual accounts and its partnership or company tax return, and each partner's or member's personal Self Assessment on their share of the profit, brought together so the two match. We apply the tax-year basis correctly and handle any transition-profit spread still running.

Where the firm holds client money, we keep the client-account side in step, and we handle VAT and Making Tax Digital as they apply.

Where Firm Returns Go Wrong

The common failures are members taxed on the wrong basis after the reform, drawings confused with profit, and the firm's return and the members' personal returns telling slightly different stories. Each one either costs tax or invites a query.

Because we do this for law firms specifically, the return is built around how a firm is actually taxed: transparent members, profit taxed as it arises, and the tax-year basis. Nothing quietly falls out of step.

How It Runs

Send us the firm's records and the members' details in one list. We prepare the accounts and the returns, show you and the partners the figures with the tax due and the dates, and file once approved. Identity checks come first. For the ongoing option we keep the books current so the year end is not a scramble.

Everyone sees the numbers before anything is filed. Nothing goes to HMRC without the partners' approval.

What It Costs

A fixed fee agreed before work starts, sized to the number of partners or members and the complexity of the firm. A small partnership is at the lower end; a larger firm with client money and a structure change costs more, priced clearly so you can choose the level.

To get a price, tell us about the firm and we will come back with a fixed quote and a deadline.

Common questions

Do you do both the firm's return and the partners' personal tax?

Yes, and they belong together. The firm's return and each member's personal Self Assessment on their profit share are prepared so the two match, which matters most under the tax-year basis.

Do you apply the tax-year basis correctly?

Yes. We tax members on the tax-year basis and handle any transition-profit spread still running from the reform, planning how it interacts with each member's income rather than accepting the default.

Can you handle the accounts, tax and client account together?

Yes. For firms holding client money we keep the client-account bookkeeping in step with the accounts and tax, so the whole picture, including the SRA side, is handled by one firm.

What does it cost?

A fixed fee agreed up front, scaled to the number of partners and the firm's complexity. Tell us about the firm and we will price it with a deadline before any work starts.

Get a fixed fee before any work starts

Tell us whether you are a solicitor, a barrister or a firm, and what is outstanding: the accounts, the tax, the client account, or a deadline with the SRA or HMRC. We come back with a fixed price and the date it has to be finished by.

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