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.
Howard trained with our firm and became a partner in 2001. He has a diverse portfolio of business clients which he and his team work closely with.
He has developed specialist knowledge of professional service firms which include legal practices, accountants and barristers and is regularly presenting on LLP structures to firms around the country.
In addition to his client work he is also an executive board member of Price Bailey LLP.
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...
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The rules are changing for income tax from 5 April 2024. See how you could be impacted by the changes here.
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