Specialist Tax Advice Support for Solicitors, Law Firms, Barristers and Chambers
The legal sector demands compliance, precision and forward-thinking financial planning – and Streets delivers.
We provide specialist accountancy, audit, tax and advisory support to law firms, partners, barristers, barristers’ chambers and legal service providers.
From SRA Accounts Rules audits to pre-tax year planning for high-earning barristers, our experienced legal sector team understands the complexities of your profession. Whether you’re running a multi-office law firm or practising independently as a barrister, we act as a trusted adviser – integrating personal tax planning, regulatory support, and business advisory services under one roof.
We are a one-stop shop for legal professionals who need expert advice with minimal administrative burden – particularly those in practice who require responsive and practical support.
Trusted Tax Advice, Grounded in Experience
We work with clients across the legal services sector, including:
- Solicitors and law firms of all sizes
- LLPs and incorporated legal practices
- Alternative Business Structures (ABS)
- In-house legal teams and notaries
- Barristers and barristers’ chambers
- Legal consultants and outsourced providers
Our team has deep understanding of both Solicitors Regulation Authority (SRA) and Bar Standards Board (BSB) frameworks, with the ability to advise on everything from VAT and tax compliance to long-term succession and retirement planning.
Our Tax Advice Services for Legal Practices, Firms and Chambers
We provide a full suite of accountancy, tax and advisory services tailored to the legal profession:
Audit, Compliance and Regulatory Support
- Statutory audit for law firms and chambers
- SRA Accounts Rules audits and compliance reviews
- BSB regulatory support for barristers and chambers
- Internal controls advice for practice managers and heads of chambers
Accounting and Financial Management
- Annual accounts preparation and statutory compliance
- Management accounts and profit forecasting
- Cash flow planning and capital allocation advice
- Benchmarking and profitability reviews for firms and chambers
Taxation and Pre-Year-End Planning
- Self-assessment and personal tax planning for solicitors and barristers
- High-income tax liability planning for barristers (including second payment on account and cashflow mitigation strategies)
- Pension planning and contributions advice ahead of the tax year-end
- Partnership, LLP and corporate tax planning
- Specialist VAT advice including treatment of disbursements, partial exemption and BSB VAT compliance for barristers
- Capital gains, inheritance tax and personal wealth planning
Business Advisory and Growth Support
- Strategic business and chambers development planning
- Partner succession, profit-sharing and firm restructuring
- Mergers, acquisitions and disposal planning
- Outsourced finance function and ViFi (Virtual Finance Office) services
Payroll and Employment Tax Support
- Payroll bureau and RTI compliance
- Auto-enrolment pension administration
- Directors’ and equity partner remuneration planning
- Staff bonus and retention scheme structuring
Why Choose Streets?
Specialist Legal Sector Knowledge
We understand the pressures facing modern legal businesses – from compliance to client care – and bring sector-specific expertise to support you.
One-Stop Financial Partner for Barristers and Chamber
We act as a trusted point of contact for chambers and individual counsel, delivering end-to-end support from VAT and self-assessment to pensions and planning.
Partner and Private Client Integration
We offer joined-up advice for legal professionals – covering personal tax, succession and private wealth alongside your business interests.
Local Service, National Reach
You benefit from proactive, personal support from advisers who understand your region, backed by Streets’ wider resources and national presence.
Accountancy and Tax Advice for Solicitors FAQs
Do solicitors and barristers need specialist tax advice?
What accounting services do law firms typically need?
How can Streets help with tax planning for solicitors and barristers?
We assist with personal tax planning, payments on account, pension contributions, and high-income tax strategies – essential for partners and high-earning counsel.
What makes Streets different from a general accountant?
Do you support barristers' chambers and in-house legal teams?
Absolutely. We work with chambers, in-house counsel, and legal consultants – providing everything from VAT and payroll to succession and restructuring advice.
Supporting Your Practice, Your Chambers and Your Future
Whether you’re managing compliance, planning for growth or preparing for retirement, Streets provides expert, integrated advice to help you succeed in practice and in life.
