Accounting for solicitors is a strictly regulated and highly specialised field that necessitates a thorough awareness of the industry as well as a comprehension of the day-to-day needs of law firms
We can advise you on the best way to keep your accounting records, whether you are a sole practitioner or a partnership.
Law Firms or Solicitor Practices must keep their books of accounts and records in accordance with Solicitors Accounts Regulations. There are many areas that one must be very careful with especially when it comes to client monies and office receipts.
It is vital , bank accounts and client ledgers are reconciled twice a year. All transactions must be well documented and traceable to matter files ( Each client account).
The reputable software Lex, Keyhouse and Harvest Law.
What we can do for solicitors
Why Choose TAS CONSULTING LIMITED
We have developed particular knowledge and expertise in both Solicitors’ Practice Accounts and the annual Accountant’s Report for the Law Society over the course of our 10 years in practice.
When you hire us to handle your legal bookkeeping, you’ll have access to a number of benefits that you wouldn’t get if you hired a bookkeeper to work just for your organisation or did the bookkeeping yourself.
We make the transition from your previous accountant as easy as possible. In addition to preparing your income tax return, we offer expert advice on a consulting basis as needed.
We are recognised by the Law Society of Ireland to file the Accountants Report for Solicitors.
Benefits
The maintenance of up to date books and records
Dealing with all bank payments
Performing day and month end routines
Ensuring full compliance with Law Society Accounting Regulations
Maintaining and managing the Undertakings register
Preparing monthly reports for the Partners
Processing all day to day transactions (high volume)
Bank reconciliations on a daily basis
Revenue returns - managing VAT and PAYE/PRSI, Stamp Duty and IT38s
Payroll and maintaining employee leave records
Dealing with file opening and closing procedures
If you are a solicitor and would like to discuss how we can help you meet your Law Society obligations and prepare your income tax return, please contact us today at +353 1 442 8230 or moh@tasconsulting.ie
What we do More?
Year-End Accounts
Company Registration
Accounting Solutions
Capital Gains Tax
Payroll
Tax Returns
Business Advisory
Inheritance Tax
Other Services
Happy Clients
Years of Experience
Do you want better accounting Services
Book a 10 minute discovery call
Talk to our Expert accountant
Get the accounting service you deserve
You can also Visit our Pages regarding VAT services
Affiliations
Recent Blogs
How to avoid penalties on your corporation tax
Scope of Corporation Tax Corporation tax is levied on profits earned by limited companies that includes trading profits, Disposal or sale of assets, and investments.Non Resident companies or Branches of Foreign companies operating in Ireland are also...
Avoid these Top 5 Bookkeeping Mistakes
For SMEs, accurate bookkeeping is crucial. Here are the greatest accounting blunders to avoid. Correct bookkeeping is crucial. You may get current management information on the performance of your organisation via good bookkeeping. One of a small...
Tips for Landlords on Taxes
Taxes are a complex subject, and they can become even more confusing when you factor in real estate. However, we hope to make it simpler for you with our Top Tax Tips for New Landlords. Declare Your Income Tax and Register! You must declare any rental...
Is it necessary for me to file a tax return?
Recently, I've heard people discussing the tax return filing deadline, so I was wondering if I needed to file one myself. Everyone in Ireland who earns money is required to pay taxes. Because of how our tax system is set up, if you work as an employee,...
How Much Do Accountants Charge for Small Business
Every business should strive to keep overhead costs to a minimum, but SMEs in particular should do so because their budgets are typically smaller. An internal accounting team or corporate accountants can be a very expensive overhead for a small...
Small Business Cash Flow Management Tips
Here are some suggestions to help you manage your cash flow, especially if you're having financial difficulties. How important is cash flow management in the business world? Cash flow is a powerful financial indicator that can reveal a lot. Being in good...