Client money in law firms: what new proposals could mean for your business
This article looks at the key emerging issues, alongside the latest consultations and proposals shaping the future regulatory environment for law firms.
Darren joined Price Bailey in 2000 and is a Partner in our Audit & Assurance Department, based in the City of London office.
Darren looks after many of our larger clients, including groups, UK subsidiaries, LLPs and owner-managed businesses. Darren is also a member of our Professional Services sector team, acting for many professional practices.
When he’s not at work Darren can be found enjoying time with his family and friends, watching or playing sports and enjoying spending time outdoors.
This article looks at the key emerging issues, alongside the latest consultations and proposals shaping the future regulatory environment for law firms.
From accounting periods beginning on or after 1 January 2026, changes to lease accounting under FRS 102 will come into force, bringing UK standards closer to IFRS 16. For professional services firms, the impact of these changes is expected to be significant. Find out more here...
We share our thoughts about the practical challenges and present issues faced while working on audits within an international group.
Deciding whether the transfer of a business qualifies as a Transfer of a Going Concern (TOGC) for VAT purposes can be complex. Our article covers the basics of TOGC as well as clarifying the conditions that must be met, and indicators that should be considered, in order to treat a business sale as a TOGC.
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