Legal sector
Legal sector
We provide expert accounting and advisory solutions to help legal firms and practitioners achieve financial success.
At Nexia, our specialists understand the unique challenges and opportunities of the legal sector.
We partner with firms and individuals to overcome challenges and identify opportunities, helping you make informed decisions to achieve business and personal financial goals.
Solutions for legal firms
We provide practical, proactive and cost-effective solutions through our full suite of tax, advisory and business services. Our partner-led approach means you benefit from a dedicated team to provide you with a holistic and personalised service.
We support your firm to manage its finances, optimise operations, ensure compliance with regulations, and provide strategic advice to support ongoing growth and profitability through:
- Annual accounting and tax compliance
- Tax planning and strategies
- Succession planning
- Budget and forecasting
- Fringe benefits tax (FBT)
- Understanding ATO obligations regarding partnership and service trust income
- Virtual CFO solutions
- Trust account audits
- Navigating service trust distributions
- Corporate secretarial
- Entity structure advice
- Mergers and acquisitions and restructuring
- Profitability analysis
- Guidance on the allocation of professional firm profits
Create, manage and grow your personal wealth
We partner with legal professionals to create effective wealth creation and tax compliance strategies to optimise your financial position, expand career opportunities, and plan for your ideal retirement lifestyle.
Our team of wealth management specialists understand the legal sector, and provide a holistic approach through financial planning, superannuation advice, personal insurance protection advice, and mortgage and estate planning advice.
We offer partner services for lawyers and barristers that include:
- Annual tax compliance for family groups
- Structuring and entity establishment
- Self-managed super fund (SMSF) establishment and annual compliance
- Superannuation contribution advice
- Wealth building advice
- Cashflow forecasting and projection
- Debt management
- Income protection insurance
- Wealth building advice
- Cashflow forecasting and projection
- Debt management
- Income protection insurance
- Investment and portfolio construction advice
- Tax advice, planning and strategies
- Understanding of and experience with practice software including Barbooks, Practice Evolve, Aderant and Filepro
- Competitive finance and lending solutions
Get in touch
Connect with us today and discover how you or your business can reach its full potential.