PARKVIEW SOLICITORS LTD

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CLIENT PROFILE

Parkview Solicitors Ltd — a multi‑office legal practice regulated by the Solicitors Regulation Authority (SRA) — engaged MMBA to provide integrated compliance, tax, payroll, and strategic growth support during a period of expansion.

SCOPE OF ENGAGEMENT

  • Preparation of statutory LLP accounts
  • Review & filing of quarterly VAT returns
  • Payroll & pensions: monthly processing, holiday pay, NMW compliance, pension auto‑enrolment advice
  • Shareholders’ Self‑Assessment tax returns; dividend & income withdrawal planning
  • Corporation tax planning: capital allowances, future capex strategy, director drawings optimisation
  • SRA reporting in line with Solicitors’ Accounts Rules
  • Expansion support for new Manchester & Burnley offices — accounting system setup, profitability tracking, market research, 2‑year forecasts, budgeting

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ACTIONS & SOLUTIONS DELIVERED

FOCUS AREA MMBA ACTIONS EFFECT
Compliance & Governance Prepared accounts, VAT returns, SRA reports; ensured HMRC & regulatory compliance Accuracy, governance, risk control
Payroll & Pensions Managed payroll, NMW checks, holiday pay, pension compliance Timeliness, reliability
Tax & Drawings Planning Structured director drawings to clear overdrawn DLA; maximised AIA & planned for future capex Cost optimisation, innovation
Expansion Advisory Implemented office level accounting systems; created profitability controls; provided market analysis & 2 year projections Strategic insight, growth support
Shareholder Planning Designed tax efficient dividend and income withdrawal strategy Board level decision support

IMPACT

  • 100% compliance on SRA and HMRC requirements across all offices
  • Eliminated overdrawn Director’s Loan Account through tax‑efficient drawings plan
  • Delivered on‑time, accurate payroll with full statutory compliance
  • Enabled granular profitability tracking for each location
  • Produced forecasts and budgets enabling smooth, confident expansion
  • Secured capital allowance claims on qualifying expansion assets

WHY IT MATTERS

This engagement shows MMBA’s ability to:

  • Support regulated law firms through compliance, payroll, and advisory services
  • Manage multi‑site expansion with robust controls and forecasting
  • Deliver proactive tax planning that strengthens cash flow and governance
  • Provide board‑level insight for growth and operational decisions

 

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