Barrister Accountant – Accountant for Barristers – Barrister tax returns
Specialist in accountancy and tax for Barristers
- T: 0116 298 2425
- E: enquiries@barristeraccountantuk.co.uk
We provide a wide range of accounting and tax services for Barristers which makes the entire process of being compliant a lot more easier.
Accounting and tax services for Barristers
We offer comprehensive accounting and tax services to new and experienced Barristers, including Pupils, from chambers up and down the country.
As a chartered accountancy firm working exclusively with the self-employed Bar, we understand that fee notes, clerking arrangements and chambers deductions don’t behave like a normal small business ledger – so our services are built to reconcile against them, not fight against them.
We offer comprehensive accounting and tax services to Barristers and Pupils.
We prepare a summary set of trading accounts in the correct statutory format each year, reconciled against your fee notes and chambers statements rather than a simple bank feed. This gives you a clear, accurate picture of your income after clerks’ commission and chambers rent, and forms the basis for your tax return and any mortgage or lending applications.
We calculate your Self Assessment liability, advise on planning opportunities and file your return with HMRC well ahead of the 31 January deadline. Where a limited company is involved, we also prepare and file the corresponding corporation tax return.
We provide you with an easy system to record your income and expenses so that you can keep an eye on your earnings and profits on a regular basis.
We advise on the right time to register for VAT as your practice grows, and on reclaiming VAT on chambers rent and contribution, robes, legal research, wig and gown costs, and CPD. We can manage the entire process of preparing and submitting your quarterly VAT returns to HMRC, so nothing is missed and deadlines are always met.
Making Tax Digital for Income Tax requires mandated self-employed individuals to submit quarterly digital updates to HMRC. We help you get your practice ready for digital record-keeping and handle the quarterly submissions on your behalf once you’re within scope, so the change in process doesn’t fall on you.
Where you employ staff, a practice manager, PA or clerk of your own, we process payroll on a monthly basis, with payslips emailed directly to your staff. We submit the required RTI reports to HMRC as we go and prepare year-end P60s.
We provide professional tax planning advice based on your individual and, where relevant, your company circumstances. Whether you’re a junior tenant building up a practice or a silk with a well-established one. Every recommendation is tailored specifically to you and how your chambers and fee income actually work, rather than a generic, one-size-fits-all approach.
For Barristers who want to manage their bookkeeping digitally between court and chambers, we provide advice on accounting software and cloud-based solutions. We help you choose a system that fits the pace of practice at the Bar and keeps your records organised and accessible from wherever you’re working.
If you are considering trading through a limited company, for example for Direct or Public Access work alongside your traditional practice, we can register the company on your behalf and make sure the process is handled correctly from the outset, including advice on whether the structure actually suits your circumstances at the Bar.