Barristers

Expert Barrister Accountants

RWB Chartered Accountants specialise in giving accounting, tax support and guidance specific to barristers. Our expert team understands that specialist accounting advice is required in preparing barrister’s accounts, due to the variations and tax requirements. 

From conditional fees to collars and cuffs, barrister accounts require careful thought and planning.

Barrister Accounting Packages

RWB give you the choice of three easy packages, all of which provide you with:

• Preparation of your Annual Income and Expenditure accounts.
• Preparation and submission of your Self-Assessment Tax Return.
• Ability to file Making Tax Digital compliant VAT returns.
• Access to your personal Xero account giving you full visibility of your accounting transactions.
• Access to our specialist barrister team.

The packages vary depending on who prepares and submits your VAT return:

Package 1 provides you with the software for you to prepare and submit your VAT returns.

Package 1 for £110 plus VAT per month (£1,320 plus VAT per annum)

We give you a Hubdoc licence to enable you to easily record your purchase invoices and receipts and upload them into your account. Please note you will be responsible for processing these through to the correct nominals and ensuring the VAT rates selected are correct. We give you full access to your Xero account, including training and support from our Xero certified team which allow you to submit your VAT returns.

Packages 2 and 3, include an experienced, qualified accountant at RWB preparing and submitting your Quarterly MTD VAT returns on your behalf (after you have agreed them).

Package 2 for £115 plus VAT per month (£1,380 plus VAT per annum)

We give you a Hubdoc licence to enable you to easily record your purchase invoices/receipts and then upload them into your account. We review and allocate these to the correct nominals, ensuring that VAT is treated correctly and we process these into Xero. We also contact your Chambers and process your fees received, then summarise this into Xero accordingly. Having prepared your MTD VAT return it will then be sent to you to review and authorise before we submit it.

Package 3 for £135 plus VAT per month (£1,620 plus VAT per annum)

This is the easiest of the options. You send all your business expenses to us monthly or quarterly, either by post or email, and we do the rest. Having prepared your VAT return it will then be sent to you to review and authorise before we submit it.