Ensuring a firm maintains compliance with the regulations and requirements from relevant government bodies such as HMRC and Professional Organisations such as the National Law Society or SRA, is essential for law firms to operate.
Your firm requirements include proper conflict checks, correctly handling client money, paying any interest due, prompt payment of suppliers and correctly submitting quarterly VAT returns.
Support and peace of mind
Our software provides all the reports and monitoring tools to enable Compliance Officers to effectively discharge their duties as COLP and COFA. Our software has enabled all the appropriate accounting compliance protocols to flag breaches and generate reports that enable Compliance Officers to monitor, review and manage risk and aid compliance.
Risk reporting, analysis and checking
Whether it’s accounts or practice management, we give you peace of mind from a compliance and risk perspective. We provide stringent checks and warnings when completing a financial posting, plus full and detailed VAT returns (for qualifying firms) to provide up-to-date information on inputs and outputs, as well as help to record all payments and submit MTD returns.
Compliance with HMRC Making Tax Digital (MTD)
Our software is compliant with the latest HMRC requirements for the direct submission of quarterly VAT returns and digital record keeping. Non-compliant firms are now at risk of fines from HMRC.
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