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President's Review - Nigel Lyons

Posted by on 31st October 2019 in November 2019 |
Dear All   Gosh this year is now galloping by. The clocks went back last month and before long it will be Christmas.   I have certainly had an exciting few months travelling to visit a number of the local law societies.     I had a great time at the Plymouth Law Society (PLS) annual dinner at the beginning of October. It was very enjoyable to go back to the Duke of Cornwall Hotel. Returning to the hotel brought back many happy memories. I had my annual dinner there when I was the PLS President. Long before that, in the early 1970’s, I used to play in the building as a boy. One of my friends' father was the general manager. We would run up and down t...

Home working for the self-employed by sponsor PKF Francis Clark

Posted by on 28th February 2019 in March 2019 |
Working from home may be an attractive option for some. Here we consider the tax implications of homeworking arrangements for the self-employed.   Your status is important   The tax rules differ considerably depending on whether you are self-employed, as a sole trader or partner, or whether you are an employee, even if that is as an employee of your own company. One way or the other though, if you want to maximise the tax position, it is essential to keep good records. If not, HMRC may seek to rectify the tax position several years down the line. This can lead to unexpected bills including several years’ worth of tax, interest and penalties. The below lo...

Update from Law Society Council Members Kathryn King and Scott Bowen

Posted by on 7th January 2020 in January 2020 |
Having been appointed as Council Members in July 2019, the first two meetings have already flown by. Council met on the 3rd October 2019 and the 5th December 2019. We hope to bring you up to date with developments over the last few months.   Much of this time has been dominated by the word we shall not mention, beginning with “B” and the General Election. A lot of the usual Law Society work has therefore been on hold awaiting the outcome and strategising so as to be prepared for which Government would be in power.   We now know that we have a Conservative Majority Government and whilst many will be happy about that, this may well make some of the Law S...

Regulation & Compliance Conference

Posted by on 27th August 2019 in Management training |
Tuesday 11th may 2021 - Thursday 20th may 2021 - This Conference has been postponed from March 2020 and will be hosted virtually using Zoom over 4 days (Please note end times are approximate).    PROGRAMME PART 1 - Tuesday 11th may 2021 - 9.30 am - 11.00 am Developments in Legal RegulationPaul Philip, Chief Executive, Solicitors Regulation Authority Impact of Reforms Crispin Passmore, Passmore Consulting Ltd PART 2 - Thursday 13th may 2021 - 9.30 am - 11.15 am Accountants Update Janet Taylor & Jason Mitchell, PKF Francis Clark Reporting Breaches to the SRA Cary Whitmarsh, Ashfords PART 3 - Monday 17th may 2021 - 9.30 am - 10.30 a...

The Cook's and Hatchard’s Law Prize 2019 - LAST CALL for Nominations from Somerset Firms

Posted by on 2nd May 2019 in may 2019 |
In 2018 the trustees revisited the criteria of the award to keep pace with the ever changing process of how candidates qualify to be solicitors. Traditionally and in the case of larger firms, individuals still qualify through university degree and training contract as well as the LPC and PSC from the SRA. It is increasingly common with smaller firms and Local Authorities that people qualify as solicitors through a more vocational route. For example qualification through conversion from CILEx meaning that while individuals have no law degree and did not undertake a training contract in the traditional sense, they have nonetheless undertaken an academic training a...

SRA Regulatory Reforms by Sponsor PKF Francis Clark

Posted by on 2nd May 2019 in may 2019 |
THE SRA ACCOUNTS RULES 2019 ARE ON THE WAY   The SRA has announced that new regulations regarding changes to Accounts Rules and other areas of the code of conduct will officially come into force on 25 November 2019.   Supporting guidance will be released over the coming months covering the Account Rules and the practical application of the SRA Principles.   Now that the official implementation date has been confirmed for later in the year, alongside the announcement that supporting guidance will be released, it will allow time for legal practices to prepare for the changes.   What are the Main Changes? Overall the existing SRA Accounts Rules 2011 co...
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