Professional Practices

Running a professional practice today, regardless of the sector you operate in, has unique challenges.  Your aim is to deliver the best professional services to your clients, whilst also ensuring that your own business is managed efficiently and profitably.

The Partners at HBD Accountancy Services LLP have many years experience operating within and advising clients in this challenging and continually evolving sector.  We understand the unique aspects of businesses in the professional sector, the risks that they face and the regulatory environment within which they operate.  We provide high quality, year-round advice to a variety of professional firms including medical practices, dental practices, legal practices, architects and engineering consultants.

Planning the correct financial framework for your firm and ensuring tax compliance are essential, as is having the ability to profit from any opportunities which arise. These require the support of a team of experts, and HBD Accountancy Services LLP can assist in structuring business, maximising profit and minimising tax liabilities.

Our services include:

•    Reviewing the legal structure of professional firms
•    Preparation of management  and year end accounts
•    Advice on achieving increased profitability and business growth
•    Business and share valuations
•    Taxation advisory and compliance
•    Internal control reviews
•    Performance audits including Solicitors Accounts Rules
•    Cash flow management
•    Staff remuneration and benefits including pension schemes

From larger partnerships, LLPs and corporate practices, to smaller partnerships and sole practitioners our approach is Partner-led, delivering a discreet, personal, reliable and affordable solution to support your ongoing needs, Contact us to find out how we can help.