Professional service firms face many of the same challenges as other businesses, complicated by the additional obligations required by their own particular regulatory environment. Whether you are a sole practitioner, a partnership or an LLP, WMT will help you meet your everyday financial management needs, achieve longer term goals, and plan for succession.
Taking account of the commercial drivers of your business, as well as the individual requirements of your partners, we provide a bespoke solution that suits your current priorities and adapts to your changing needs.
How WMT helps
You and your practice will benefit from WMT’s specialist support to:
Improve your financial management – identifying areas of strength and risk before recommending ways to simplify procedures or make systems robust.
Provide an independent review of your accounts – confirming that money you hold on behalf of your clients is processed in line with your professional body’s accounting rules.
Deliver effective partnership tax planning – navigating complex rules to balance planning with compliance and reflecting this in partners’ personal tax returns.
Advise on personal tax planning – for partners looking to reduce their capital gains and inheritance tax liability, or distribute their wealth during or after their life.
Assist you in growing your practice – organically through strategic planning and profit improvement, as well as by acquisition or merger.
Reward and incentivise employees – providing outsourced payroll and auto enrolment solutions and advising on the cost and efficacy of benefits and incentives.
Succession planning – such as reward structures for new senior recruits and exit planning for retiring partners.
Respond to tax investigations and enquiries – our tax clients benefit from our skills and experience in responding to HMRC enquiries on their behalf and are eligible for our fee protection insurance.
Our current professional service clients include solicitors, surveyors, estate agents, architects, dentists, recruitment consultants, and insolvency practitioners. Combining empathy from running our own practice with the experience of advising clients across the sector, we bring a deep understanding of your needs along with the skills to provide practical support every step of the way.
Get in touch with our professional services team for more information on how WMT can help you.