UHY Hacker Young | Chartered Accountants

Professional practices

At UHY Hacker Young Fitch we understand only too well the challenges professional practices face in the current climate.

With intensifying competition, changing legislation and best practice, an increasing number of mergers and a focus on limiting liability, the world of professional practice accounting has changed rapidly in recent years.

Like other professionals, we are dedicated to the provision of high quality services to our clients. We recognise that there is a real need to create a specialist team, to provide a value for money service to benefit partners and principals in the professional service sector. Our professional services team is people focussed and partner led and with decades of experience, our team members have developed strong relationships with a broad range of professional firms. Our knowledge enables us to offer solutions tailored to the special circumstances of professional practices and to meet your specific business needs.

Our varied portfolio of professional service clients include:

  • Structural Engineers
  • Quantity Surveyors
  • Architects
  • Mechanical and Electrical Engineers
  • Estate Agents

The issues facing you

Most firms of accountants can deal competently with the generality of accounts preparation and tax compliance advice but we understand that you need more. We pride ourselves on the fact that we can add value to your business through the services we provide and we consider this to be the benchmark in respect of our success.

Services tailored to your specific requirements may include:

  • Guidance on the structuring of partnerships and partnership agreements.
  • The implications of Limited Liability Partnerships (LLPs).
  • The implication of incorporation versus unincorporation.
  • Strategic practice reviews
  • Managing mergers, acquisitions and demergers.
  • Compliance with professional regulatory requirements Valuations of WIP.
  • Wealth Management.
  • Partner and employee remuneration planning.
  • Succession Planning.

Specialist tax services

Not only are we here to guide you through the complexities that may arise within your professional field but we can assist you in achieving your financial objectives in the most tax efficient manner.

Tax legislation generally affords opportunities for tax mitigation in respect of income and capital taxes. Within UHY Hacker Young Fitch we have a specialist tax consultancy team that can provide comprehensive and constructive practical advice in all areas of tax.

Areas can include:

  • Onshore and offshore planning;
  • VAT Planning;
  • Strategic planning and corporate restructuring;
  • Stamp Duty Land Tax;
  • Tax Investigations and HMRC enquiries.

The next step

If you would like further information about our professional practices service, please contact one of our experts.