Legal sector
Specialist accountants for
solicitors and law firms.
We act for sole practitioners, partnerships, LLPs and incorporated practices, handling the firm accounts and the partners’ personal tax as one piece of work.
- Firm accounts and partner tax in one place
- Reporting by matter and by fee earner
- Sole practitioners to multi-partner firms
Prefer to talk? 0121 753 5522
Book a free consultation, and we’ll provide a personalised approach to your finances
- No obligation
- Same working day reply
- Kept private
The firm and the partners, handled together.
In a legal practice the business accounts and the partners’ personal tax positions are closely tied. Splitting them between two advisers is how firms end up with a drawings policy that works for the practice and poorly for the people in it.
We handle both: day to day financial management, the business accounts, the tax liabilities, personal tax planning for the partners, and management accounts built around how the firm bills.
- Business accounts, corporation or partnership tax and the returns
- Partner and member personal tax planning alongside the firm position
- Management reporting by matter, department and fee earner
- Drawings, profit share and the tax reserved against both
Guides and demo packs.
What we do for legal practices.
Your team
A qualified accountant, a client manager and an accounts assistant. The same three people every time you call.
Compliance
Accounts, statutory records, VAT, PAYE and corporation tax, filed on time.
Reporting
Reporting by matter, department and fee earner, with work in progress and lock up alongside.
Payroll
Fee earner and support staff payroll, with partner drawings handled separately.
Tax
Partnership and corporation tax, partner personal tax, and the drawings position.
Software
Accredited partners with Xero, Sage, QuickBooks, Dext and KashFlow, with training for your team.
Reviews
What people say on Google.
Before Onyx we didn’t really have a clue where we stood from one day to the next. They helped us take financial control of the business — and gave us real insight into running it better.
Diligent, fast to respond, and they go the extra mile. They made us fully compliant and fixed errors I didn’t know were there. A very positive move from my previous accountants.
Eight years in, they still go well beyond compliance — strategic advice, quick answers, and a genuine eye on opportunities that benefit us.
Questions we get asked.
Do you prepare accountant’s reports for the SRA?
Where a firm holds client money it will need an accountant’s report prepared by a qualified reporting accountant. Whether one is required in your case depends on how client money is held and on the rules in force, so it is worth confirming your position with us directly.
Can you work with our practice management system?
In most cases, yes. Legal practice systems vary more than general accounting software, and we are used to taking a feed from them instead of asking a firm to change system.
Do you act for sole practitioners?
Yes, and for partnerships, LLPs and incorporated practices. The compliance is lighter at the smaller end, but the questions about drawings and tax reserving are the same.
Contact us now for a free, no-obligation consultation.
No obligation, and a fixed written quote before you commit to anything.