Professional firms

As an expert in your field, you’re meticulous, astute and proactive. And you need your adviser to be the same, which is why so many professional firms choose to work with us. Whether you’re a sole practitioner, medium or large sized firm, or an international group, we’ve got your professional needs covered.

We have at our fingertips the key business developments that directly affect you and your firm because we deal with them every day. Structuring, incorporating, accounting, finance, tax planning, HR, compliance…it’s all in a day’s work for us.

Our services to professional firms include:

  • Audit, accounting and tax compliance including outsourcing services
  • Succession planning and key employee remuneration
  • Performance improvement and benchmarking
  • Structuring including LLP status and incorporation together with tax planning
  • Strategic and business advisory
  • Personal tax planning and wealth management
  • Business valuations

Explore our services

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Architects

Architects have had mixed experiences throughout the pandemic period, with many of you citing a slowdown in projects and competition becoming even fiercer than before. We fully understand what you are going through and have been helping architects navigate these turbulent times, some managing to thrive and grow as a result.

You know that, to remain successful, you have to stand out, differentiating what you do and how you do it, resisting the temptation to go after every opportunity.

Let us take the strain for you on all things strategic so you and your team can get on with creating designs that ensure a shortlisting for the next award, be it from RIBA, Building Design, the AJ100 and many other organisations.

You are probably already considering your new business plan and needing advice on strategic growth and business development. How are you faring in the marketplace compared with others? Are you managing to convert enough opportunities and what factors could aid an improvement in conversion rates? How can you improve your cash flow? How do you best prepare for an exit at some point?

We can help you with the whole lot. We look at your management information, business development practices, conduct competitor analysis, investigate the advantages of LLP status versus limited company status and advise on succession planning, such as employee ownership trusts.

You may also want to maximise your studio’s tax position. We guide you through ways to minimise corporation tax (both before and after the proposed increase in April 2023), super-deduction for capital allowances, R&D tax credits and tax relief on things like office refurbishing.

Additionally, as chartered accountants, we handle all your standard accounting needs too, including:

  • Audit, accounting and tax compliance
  • Performance improvement and benchmarking
  • R&D tax relief
  • Team structuring and remuneration
  • Assessing and improving employee engagement
  • Taxation planning and investigations
  • Mergers and acquisitions
  • Capital structure
  • Partner reward
  • Personal tax planning and wealth management
  • Key strategic advice including business development workshops

Law firms

With lawyers facing an array of challenges in the current business environment it is particularly important that you have advisers who not only understand the issues you face but also have in-depth experience of working in the legal sector. As one of the leading firms specialising in advising law firms, we are ideally placed to help you deal with those issues. Our clients range from sole traders and medium sized LLPs and partnerships right up to a magic circle firm. Through our in-house publication ‘Professional Firms Insight’ we regularly highlight the key business, accounting, personal finance, tax, HR and compliance developments that directly affect professional firms.

What we can offer you
Our specialist Professional Firms team offer a comprehensive range of services, each tailored to your requirements. These include:

Property agents

Our recent Property Poll shows a marked decrease in confidence in the outlook for the sector over the next 12 months among property professionals. It isn’t difficult to pinpoint a few macroeconomic factors which might be influencing this: the failure of the ‘Strong and Stable’ Tory election gamble, continuing uncertainty around Brexit and the potential for rising interest rates, to name but a few. In terms of our own direct experience, some of our commercial property clients are reporting a hardening of lease terms in favour of tenants, but there is still a large appetite from investors with cash to spend. Equally, those in the residential development sector are looking at potentially retaining stock for private rental, perhaps reflecting the softening in residential property prices.

What we can offer you

Our specialist Professional Firms team can offer you a comprehensive range of services, each tailored to your requirements. These include:

  • Business funding
  • Team structuring and remuneration
  • Succession planning and restructuring
  • RICS client money regulations
  • Audit, accounting and tax compliance
  • Corporate taxation planning and investigations
  • Personal tax planning and wealth management
  • Client account audits for RICS, ARMA, NAEA, and ARLA rules

Property and construction professionals

Our recent Property Poll shows a marked decrease in confidence in the outlook for the sector over the next 12 months among property professionals. It isn’t difficult to pinpoint a few macroeconomic factors which might be influencing this: the failure of the ‘Strong and Stable’ Tory election gamble, continuing uncertainty around Brexit and the potential for rising interest rates, to name but a few. In terms of our own direct experience, some of our commercial property clients are reporting a hardening of lease terms in favour of tenants, but there is still a large appetite from investors with cash to spend. Equally, those in the residential development sector are looking at potentially retaining stock for private rental, perhaps reflecting the softening in residential property prices.

It therefore remains important to have advisers who not only understand the issues that property and construction professionals face but also have in-depth experience of working in the sector. As one of the leading firms specialising in advising property and construction professionals, we are ideally placed to help you deal with those challenges. In fact, through our in-house publication ‘Professional Firms Insight’ we regularly highlight the key business, accounting, personal finance, tax, HR and compliance developments that directly affect professional firms.

What Moore Kingston Smith can offer you

Our specialist Professional Firms team offer a comprehensive range of services, each tailored to your requirements. These include:

  • Audit, accounting and tax compliance
  • Performance improvement and benchmarking
  • Team structuring and remuneration
  • Assessing and improving employee engagement
  • Succession planning
  • Taxation planning and investigations
  • LLP/Company status
  • Mergers and acquisitions
  • Capital structure
  • Partner reward
  • R&D tax credits
  • Personal tax planning and wealth management
  • Key strategic advice including business development workshops
  • Management information review.

Recruitment consultants

The recruitment sector has faced significant challenges since the start of the recession in 2008, including the initial contraction of the jobs market and increased regulation across a wide range of sectors. The recruitment sector itself has proved resilient and according to latest industry figures 2014/15 has now seen total revenue significantly surpass the pre-recession industry peak.

The impact of Brexit is yet to be fully quantified, however the recruitment industry will clearly have a key role to play as the UK renegotiates its position in the world. Whilst there will no doubt be challenges associated with this period of uncertainty, it is our view that a positive and proactive approach will present businesses with an opportunity to stay ahead of regulatory changes and react quickly to changes in market conditions.

Through our in-house publication ‘Professional Firms Insight’ we regularly highlight the key business, accounting, personal finance, tax, HR and compliance developments that directly affect professional firms. With the right advice, you will be in a better position to take advantage of the opportunities that are now being presented.

Our specialist Recruitment Sector team can offer you a comprehensive range of services, each tailored to your requirements. These include:

  • Business funding
  • Team structuring and remuneration
  • Succession planning and restructuring
  • Audit, accounting and tax compliance
  • Corporate taxation planning and investigations
  • Personal tax planning and wealth management

Lead Contact

John Staniforth

Partner
+44 (0)20 7566 3644
Email: John Staniforth

Meet our team
Contact us

“Moore Kingston Smith provides an excellent service. Their knowledge and expertise of the sector means that we are always kept abreast of changes in the marketplace along with UK regulations. They are not simply accountants, they are business advisers and this was apparent from the beginning when they were instructed to help us set up our first international office.”


Deborah Matthews
Sullivan and Worcester LLP