The government has published draft legislation outlining how they aim to change the current rules for taxing partners in cases where the partnership’s year-end does not fall on 31 March or 5 April. What changes are being proposed? Partners will be taxed on the...
A recent survey involving 3,500 law firms conducted by Access Legal recently reported that many law firms are overlooking updating their cybersecurity policies or conducting adequate data protection impact assessments. Analysis of the data found that more than 40% of...
During the course of the Covid-19 pandemic law firms have borrowed nearly £700m via the government’s various Covid-19 support schemes. Research conducted by Hazlewoods, a firm of chartered accountants within our HLB International group showed that UK law firms...
The SRA is planning to create an internal independent team to monitor and evaluate the quality of the disciplinary policies and decisions the SRA has put in place. This proposed new team will work at a distance from SRA operations and will maintain and prepare quality...
Since the UK officially left the EU on 1 January 2021, stories about the impact of Brexit on the legal sector have not been a prominent feature in the headlines. The initial response to the deal from many legal professionals was mixed, albeit with a general feeling of...
The SRA Accounts Rules were last updated in November 2019 and are now more condensed with the focus shifting from prescriptive rules to principles-based regulation. The ICAEW’s Audit and Assurance Faculty have now released TECH 01/21 AAF which provides the latest...
