Professional Services
Specialist Accountants for Solicitors, Consultants & Professional Practices
Professional firms live and die on lock-up, utilisation and the right legal structure, yet most accountants give partnerships and practices the same generic service as everyone else. We give you advice built around how a fee-based firm actually makes money.
What a Generalist Accountant Misses in a Professional Practice
- Managing work-in-progress, lock-up and late-paying clients.
- Choosing between partnership, LLP and limited company.
- VAT on cross-border and disbursement-heavy work.
- Profit extraction and partner personal tax.
- Scaling without losing grip on the numbers.
How Merit Helps Professional Firms
- Cash-flow and lock-up reporting so you get paid faster.
- Advice on the most tax-efficient structure for your firm and its partners.
- Correct VAT treatment, including disbursements and international clients.
- Partner profit-extraction and personal tax planning.
- Management accounts and KPIs tailored to a professional practice.
Why Professional Practices Choose Merit
We’re Chartered Tax Advisers, not generalists, and our partners have built and run their own firms, so we understand utilisation, billing and the realities of partner drawings. With HMRC experience on the team and over £9.2 million saved for clients in two years, the advice is proactive and proven. Fixed fees.
