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Partners in Professional Firms

We work with partners to ensure their financial and tax affairs are in order and achieve their personal goals.

New Partners webinar series

Familiarising yourself with elements of the statutory and partnership accounts.

Available on demand

Understanding the implications of the change in tax status after becoming a partner.

Available on demand

The future importance of planning for the future.

Available on demand

Familiarising yourself with elements of the statutory and partnership accounts.

Available on demand

Understanding the implications of the change in tax status after becoming a partner.

Available on demand

The future importance of planning for the future.

Available on demand

Lifecyle of a Partner podcast series

Talking through the questions that may be going through your mind – and more importantly, what questions you should be asking.

Part 1: Listen now

Talking through some financial planning you may now need to be undertaking and the impact this position can have on your work/life balance.

Part 2: Listen now

Talking through some of the questions you should be considering pre-retirement and the importance of planning for this next stage of your life.

Part 3: Listen now

Talking through the questions that may be going through your mind – and more importantly, what questions you should be asking.

Part 1: Listen now

Talking through some financial planning you may now need to be undertaking and the impact this position can have on your work/life balance.

Part 2: Listen now

Talking through some of the questions you should be considering pre-retirement and the importance of planning for this next stage of your life.

Part 3: Listen now

Inheritance Tax hub

Our hub offers guides, tools and insights providing the latest updates to help you and your family manage your tax planning whilst navigating some of these difficult and challenging issues

View our IHT hub

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We provide a comprehensive service to partners in professional firms, covering both your working life and your personal tax affairs.

As partners in a professional firm, we know that you need proactive advice that is relevant for you. We offer you the reassurance that we understand your specific needs and concerns.

Our team is available to you when you need us. You can rely on us to provide the right advice and to support you throughout your career.

What we do for you

  • Becoming a partner
  • Tax returns and compliance
  • National Insurance Contributions
  • Non-domiciled partners
  • Overseas partners
  • Moving overseas
  • Working with North American firms
  • Partnership disputes
  • Leaving a partnership
  • Life after partnership
  • Planning for the future
  • Residency issues
  • Stamp duty
  • Main residence and Capital Gains Tax planning
  • Rental income
  • Wealth management
  • Pensions contributions
  • Tax planning opportunities
  • Estate and trust planning
  • Personal Service Company issues

How prepared are you for life's challenges?

Our new life builder tool demonstrates how we can help you and your family navigate the challenges by planning in advance for those key milestones, letting you get back to enjoying your live and achieving your goals.

Create your life journey

Case Studies

Change in tax position and forward planning

Acting for a partner in a legal firm seeking tax advice surrounding his retirement from the partnership and the resulting tax impact. We provided detailed advice on:

  • the UK tax implications of his retirement and how this will be assessed
  • tax effect of changing from a self-employed to employed basis
  • employment income to achieve maximum cashflow advantage in relation to tax
  • explanation and calculation of future tax liabilities in order for him to structure his finances in an appropriate manner
  • capital gains tax on main residence.

Our client was able to feel assured and knowledgeable in respect of his tax liabilities given the change in his employment status. As a result, he was able to plan for the future with more certainty. 

Advising partners from US law firm

Acting for numerous partners of US law firms who are based in the UK but receive a share of the US profits. Each year we prepare their UK tax returns, a process which involves advising on matters such as:

  • analysing the Federal and State US returns and the K-1 document
  • determining what element of the income is UK or US source
  • calculating the foreign tax credit which can be used as a credit against the UK liability.

This is a complex area which requires close liaison with HQ and a hands on approach to understand how everything fits together across the different jurisdictions.

We are in regular contact with our clients, ensuring that they understand their financial position at all times.

Client quote PPG

Contact us

Louis Baker
Louis Baker
Partner, Head of Professional Practices
London