From paying the right amount of VAT to filing tax returns on time, keeping on top of tax reporting and payment obligations is crucial for any business, including legal firms.
Milsted Langdon offers comprehensive tax support to ensure legal firms maintain compliance with the tax authorities while maximising tax efficiency. We can also assist individuals within the firm with their personal tax arrangements.
We are ideally placed to advise legal practices directly on more complex tax issues affecting their own firms, such as business structures and their tax implications, transaction planning or the tax considerations involved in a merger, acquisition or business sale.
We also offer a range of tax advice and expertise that legal firms can draw on to add value to their own services, build stronger relations with their clients and sharpen their competitive edge.
For example, we can provide assistance with issues arising from client trusts or estates, including capital gains tax computations and inheritance tax returns.
We can also advise on issues such as maximising inheritance tax efficiency as part of a will or wider estate planning or mitigating capital gains tax on business disposals.
By bringing us on board at an early stage, legal firms and their clients can avoid both potential tax pitfalls and unnecessary tax liabilities.
More detailed information about our tax services is available here.
To find out more about our accountancy, tax and business advice services for legal firms, please contact us.