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Professional Practices

All professional firms are unique. Our multi-disciplinary team deliver a tailored solution to professional firms including partnerships, LLPs, LPs, and limited companies. 

2020 Law Firm Benchmarking

Our 2020 Crowe Law Firm Benchmarking results provide an intriguing snapshot of our participants financial position as they braced themselves for the beginning of the COVID-19 pandemic, along with an indication of how they responded in the first six months of this unprecedented event.

Read more and download our survey

Cashflow resilience in professional practices

A critical time to actively manage your cashflow

The uncertainty of the COVID-19 pandemic is forcing firms to focus on cashflow. Cash is king - are you maximising your cash in and managing your cash out?

Download our flowchart helping you focus on actions to better control your firm's cashflow.

Webinar

Financial reporting update for professional practices
Annual update for professional practices making sure finance
directors and their teams are up to date with the requirements for preparing statutory financial statements and other corporate reporting requirements.
Financial reporting update for professional practices
Annual update for professional practices making sure finance
directors and their teams are up to date with the requirements for preparing statutory financial statements and other corporate reporting requirements.
people working at desk

Our team will help you run your firm efficiently and cost effectively to achieve your financial and business goals. We take a highly-accessible, collaborative approach associated with smaller accountancy firms and marry it with the technical expertise and reach of the largest firms. We offer international expertise coupled with local and personal delivery.

We work with a range of professional firms of all sizes advising on their growth plans and always tailoring our advice to best suit your needs.

Financial reporting and assurance
Business structuring advice
Risk management including cyber security
Regulatory compliance
Business strategy and future planning
Partnership tax compliance and advice
Remuneration planning
Global Mobility
VAT advice
Outsourcing
Partners' personal tax
Personal financial planning
Financial reporting and assurance
Business structuring advice
Risk management including cyber security
Regulatory compliance
Business strategy and future planning
Partnership tax compliance and advice
Remuneration planning
Global Mobility
VAT advice
Outsourcing
Partners' personal tax
Personal financial planning

  The Architecture industry

The architecture industry has unique requirements when it comes to structuring a business, raising finance, managing working capital, tax mitigation and statutory reporting. 
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Case study

Professional practice receives £187,000 of R&D tax credits from HMRC from investing in process efficiencies

A professional practice, who having experienced significant growth in its business, sought a more efficient way of working.

The firms work is complicated but also process driven.

A review was undertaken of the available ‘off the shelf’ solutions, and it became quickly apparent that the software packages in the market did have the required capability to create personalised working practices in an electronic environment that encompassed all of the requisite enhancements.

The firm decided to undertake a large scale, complicated internal project to develop software to create electronic workflows, replacing the previously largely paper based system.

The project was costly as it required the firm to invest in a significant number of man-hours. With limited funding available to the firm, they sought access to R&D tax benefits to subsidise the cost of the project which was conducted via a subsidiary company and therefore within the R&D tax relief regime.

We identified a number of aspects of the development project on which R&D tax benefits could be claimed and we then helped them prepare their R&D claim.

To date the firm has received £187,000 of R&D tax credits from HMRC, with an estimated additional £60,000 due in respect of the final phase of the project.

Contact us

Louis Baker
Louis Baker
Head of Professional Practices
London