Ascentant Blog
Updated Solicitors Accounts Rules from 25th November 2019

The updated Solicitors Accounts Rules come into force along with the updated Solicitors Handbook on 25th November 2019. The New Solicitors Accounts Rules can be found here. There are also a number of guidance notes which can be found as follows: Do I need to operate a client account? Third Party Managed Accounts (TPMA’s) Joint […]

VAT on disbursements and recharges

The Law Society have updated their guidance on VAT on disbursements and expenses as per the practice note below. We have tried to summarise this below, but please familiarise yourself with the practice note in full: https://www.lawsociety.org.uk/support-services/advice/articles/vat-treatment-of-disbursements-and-expenses/ It will have an effect on the way that client bills should be presented and accounts payables are […]