Professional Practices

Helping your professional practice to succeed.

With continual changes and updates to legislation and an ever-increasing need to be diligent and limit your liability, we understand the issues that affect professional practice and the range of financial and accounting support required to help your business succeed.

We act for a large number of professional firms located throughout the South West and beyond. Our clients range in size including large complex corporates and ambitious sole practitioners.

We have a vast portfolio of clients, including:

  • Solicitors
  • Barristers
  • Hospital consultants
  • Dentists
  • Vets
  • Surveyors
  • Architects
  • Estate agents and auctioneers

We advise on all the financial, tax and accounting issues facing the modern professional practice, including:

  • Structure – whether to act as a sole trader, partnership, Limited Liability Partnership, company or as a hybrid
  • Conversion to an LLP or Limited Company
  • Acquisitions, disposals, mergers and demergers of offices and firms
  • Admission and retirement of partners
  • Raising capital to acquire an interest in the firm
  • Partner remuneration structures
  • Funding issues for firms, including property and IT/equipment expenditure
  • Valuations of firms and/or partners’ shares
  • Property ownership issues including whether to hold assets inside or outside of the partnership and the use of pension vehicles to hold property
  • Partnership/shareholder disputes
  • Partnership taxation, including tax reserving for partners
our Solicitor services

At Westcotts we want to help you to run your professional practice as easy and efficiently as possible and achieve your business goals. We offer a professional, friendly and reliable service giving you confidence and the ability to spend your time well on client and commercial commitments.

We offer a variety of services for our solicitor clients, and the benefit of taking on these services with us is reassurance, security and peace of mind in terms of compliance and future planning; added value in terms with our forward thinking, dynamic approach aiming to improve efficiencies within your practice; having an approachable personable professional adviser that understands you and your practice, developing a good working relationship, to help you achieve your business and financial goals; alleviating pressure by having a team of accountants and financial advisers at hand for a collaborative and well-rounded approach.

For further information please contact Veronique Walkey.

Specialist Advisers

Get in touch with one of our specialist advisers to see how we can help your business.

We're here

Whoever you are, wherever you are, whatever you want to achieve. With more offices in the South West than any other firm, we’re always on hand to offer face-to-face advice, opening doorways to a whole world of specialisms and services which are available to all of our clients whenever they need them.

To find your nearest office or get in touch with one of our specialist advisers, please go to our contact us page.

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