With significant speculation occurring around the prospect of negative interest rates, the impact such developments would have on law firms has yet to be clarified.
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Cash remains king for firms keeping ahead of the Covid-19 curve
In May 2020, and again in December 2020, the MHA Professional Practices team undertook a survey on the impact of Covid-19 on law firms, focusing on fee income, cashflow, business strategy and working practices.
Solicitors Regulation Authority Accounts Rules FAQs
While many of the changes in the new Solicitors Regulation Authority (SRA) Accounts Rules have been warmly welcomed, some have caused confusion
Solicitors Regulation Authority Accounts Rules one year on
When the new Solicitors Regulation Authority (SRA) Accounts Rules became effective on 25 November 2019, we had no idea a pandemic was around the corner!
Money upfront – too good to be true? SRA Accounts Rules reviewed
At first sight, the release of the Solicitors Regulation Authority (SRA) Accounts Rules 2019 seemed to provide the opportunity for law firms to bill in advance
Compensating for earlier mistakes: retrospective VAT changes
HMRC’s controversial U-turn on the VAT treatment of termination charges will have wide-reaching consequences
Reviewing your Coronavirus Job Retention Scheme claims
By the end of August nearly 10 million workers had used the Coronavirus Job Retention Scheme (CJRS)
Prepare for 2020 year-end financial reporting now
The impact of Covid-19 has been felt far and wide in all aspects of our lives, in fact 2020 has often felt like the year that will never end. Like most things it will end and before it does, or at least before the next financial year ends for firms, there are several financial reporting […]