Accounting Services for Barristers

Who We Help

Sherwin Currid: Accountants for Barristers

At Sherwin Currid we can provide a comprehensive accountancy service and support to enable you to efficiently take care of clients through your own limited company.

Barrister accountant

Barristers

The legal profession can be very busy, leaving you with very little time to look after your accounting affairs. Having to distribute your time between clients, court appearances and negotiating can lead to very long hours and little time to relax. Employing an accountant to manage your businesses finances and offer tax advice can be crucial in ensuring smooth operation of your own legal practice, as well as more time to focus on work and leisure, not to mention the potential tax savings.

As accountants with experience working with barristers Sherwin Currid understands how complicated billing multiple clients can be. Our accountants can help streamline the billing process ensuring you’re raising the right invoices and getting paid in a timely manner. Sherwin Currid can also ensure your financial reporting is fully compliant for the Legal Services Act requirements.

Around 80% of the 15,000 practicing barristers in England and Wales are self employed. Offering legal services through your own limited companies may be the best way for a barrister to work and Sherwin Currid helps clients operate in this way through the provision of comprehensive accounting services. From tax compliance and efficiency to strategic planning and business growth, accounting services offer essential support that empowers barristers to optimize their financial health and unlock their full potential.

Barristers helping clients

Accounting support for Barristers

Navigating the complexities of tax compliance and financial reporting for their own practice can be overwhelming for barristers to juggle alongside their work. Sherwin Currid can help play a crucial role in ensuring your compliance with tax affairs, avoiding penalties, and maximising deductions. We keep abreast of changing tax laws, helping qualified barristers optimise their tax planning strategies and minimise their tax liabilities with a high level of professionalism.

Additionally, Sherwin Currid will prepare and submit all of the necessary accounts and tax returns as well as providing clients with cloud accounting software that provides up to date financial information.

Accounting help for contractors

Giving you more time to focus on the law

We specialise in providing tailored accounting solutions for ambitious small businesses and contractors. Our team of experienced, certified accountants understand the unique challenges that barristers face when working in chambers as a self employed person. We will stay on top of your accounting needs and notify you when you must take action on tax issues, for instance if you cross the £85,000 turnover VAT threshold and require registration.

Your personal, dedicated accountant will help you through using cloud accounting software as well as ensuring you have a clear picture of your financial performance, leaving you more time to focus on serving your clients and practicing law.

Barrister explaining to client

A wide range of accounting support

At Sherwin Currid we pride ourselves on the breadth of service we provide and the knowledge and understanding of the accounting needs that barristers and solicitors need. Our team of friendly accountants can help you with specialist advice and a wide range of services all designed to take stress away from you. Some of the services we offer include:

  • Annual accounts preparing and filing
  • Confirmation statements
  • Personalised accountancy advice
  • VAT returns
  • Payroll setup and management
  • Personal tax returns
  • Limited company formation
  • Cloud accounting software
  • And much more

Each of our clients are introduced to their own personal accountant who will utilise their wealth of experience to provide you with a high quality, yet affordable, accountancy service and answer any queries you may have.

Simple guidance from a trusted accountant

Cloud accounting for barristers

Cloud accounting software is the future of accountancy and our team are all experts in software including FreeAgent, Xero and QuickBooks among others. We provide a FreeAgent subscription with all of our accountancy packages and will introduce you to the software which allows you to upload expenses from your mobile phone as well as real time financial insights due to its easy linking up with your bank account. With the ability to keep digital records your bookkeeping is made simpler while also preparing you for the new Making Tax Digital initiative, MTD for Income Tax Self Assessment.

Explaining accounting legislation to a client

Contact us to discuss how we can help you

Do you need help with a business bank account? Mortgage reference? Or maybe you need a business valuation backed by a chartered accountant? We would be delighted to help. Pleased book a meeting or give us a call to arrange a free consultation to see how we can help you.

Looking for a wide range of accounting support?

If your interested in switch your accountancy to us then get in touch today.
We will organise a free consultation, where one of our specialists will talk you through your options.