Professional Services Firms
One of our specialist areas of expertise is acting for professional services firms ranging from small partnerships to large corporations. Together with our strategic partners we offer the following advisory and compliance services to new and established practices:
See also our services for Legal Practices » Wingrave Yeats is a member of the Law Management Section.
Read our publication for Architects »
Strategic Advice
We acknowledge that all partnerships and companies experience change. At such times we can assist you with the following:
Business reviews and strategies for profit improvement and growth
Benchmarking
Succession planning
Remuneration planning for partners, directors and staff
Consideration of incorporation as a limited liability partnership
Identification of potential merger opportunities and assistance with the process
Cultural development to engender financial responsibility for project managers
As part of a growing business ourselves we will have experienced many of the issues affecting you and can advise and support you from a practical point of view. Our advice is highly pragmatic and unlike some large Firms is partner led.
Management Information Services
We understand the importance of timely and accurate management information for you to monitor and manage your business. We provide the following services:
Preparation of monthly management accounts
Attendance at partners' meetings and board meetings to discuss financial performance and strategy
Preparation and monitoring of forecasts and cash flow projections
Advising on management of working capital
Review of internal systems and procedures and make recommendations
Assist with development systems to calculate and account for work in progress and revenue recognition appropriately
Tax and Statutory Accounts
We provide compliance and advisory services including:
Preparation and audit (if necessary) of statutory accounts
Partnership tax returns
Corporate tax returns
Personal tax returns for partners, directors and spouses
Personal tax health checks
Preparation of annual partnership accounts for profit share and tax calculations
Please contact Kathryn Moran or Christopher Jenkins to find out more
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