Professional Services
Industry Intelligence

Insights, updates and advice for those working in legal, recruitment, consultancy and property advisory firms

With one of the largest teams in the UK dedicated to working with professional services firms, our Audit, Tax and Advisory experts specialise in advising Legal, Recruitment, Property Advisory and Consultancy businesses.

We recognise industry leaders are having to find ways to maintain value whilst facing significant challenges to their operating, financial and commercials models - a war for talent, disruptive competitors, cyber threats and risk around investing in new technologies to name a few. This is in addition to evolving business models and blending the best old and new working practices post-pandemic to become sustainable businesses of the future. These challenges present both opportunities and risk for businesses, and our partners will listen carefully to your specific needs, delivering appropriate solutions and giving you confidence to help you grow your business.

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Latest Updates

A quiet Budget but detailed changes to follow next week

The Budget did bring some additional details relating to basis period reform, including the expected impact to the exchequer and confirming the already announced implementation date in the 2023/24 tax year: a welcome deferral of a year.

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Basis period reform - Changing how business profits are taxed from 2023/24

What are the core reforms and what should you do next?

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ESG and leading change in professional services

Join our discussions to explore how businesses can embark on long-term change and embed ESG into decision-making and behaviours.

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Renewed optimism in the recruitment market | Deals on the rise


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Have we reached the peak of soaring PII costs?

Rising PII costs has impacted all professional services firms from small to large. We interviewed Neville Miles, Partner from Lockton UK to find out more about why we’ve been in a hard insurance cycle and the future holds.

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A good time to review your personal tax planning

As we come out of the COVID-19 pandemic the future for UK taxes contains much uncertainty, so there has never been a more important time to rethink your family’s or company’s tax efficient plans for the future. Our Personal Tax Planning guide 2020/21 has a wealth of practical ideas for individuals, partners and business leaders.

Personal Tax Planner

Changes to DAC6 obligations and replacement OECD rules

Following Brexit, the UK Government has drastically scaled back reporting of cross-border avoidance arrangements to the basic OECD standards for UK businesses.

What should your firm do now?

Professional Services Tax Webinars

Get expert analysis and advice on managing recent changes to International and UK tax.

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Time to review your CJRS Process

HMRC are cracking down on fraudulent or error-based claims. For assurance and to limit risk, your firm may want to consider whether the process used to make claims is accurate.

CRJS Risk Review Tool

NIC and corporation tax rises are coming but will other taxes rise?

The autumn Budget will take place on 27 October 2021 and there are some key questions that the Chancellor will have to face.

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Taking a fresh look at R&D tax claims for professionals services firms

Have you considered how R&D relief could be applied to your business?

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How ‘risky’ is the Legal Sector?

The legal sector is under the spotlight for economic crime compliance. What are the new AML requirements for Firms in 2021 and how will they affect you?

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Why is Private Equity drawn to the recruitment sector?

James Fieldhouse, M&A Director, explores why private equity is consistently drawn to recruitment companies, which some perceive to be intrinsically risky, given the business’s biggest asset, its people, leaves the building every evening.

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Law Firm Leadership Series

Now more than ever, leadership teams must have mental health and wellbeing for their workforce as a top priority. What positive steps are firms taking to support their people and welcome new talent within the legal profession?

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IR35 Private Sector Reforms

The Government has reconfirmed recently that the new IR35 Private Sector Reform will go ahead as planned from 6 April 2021. Whatever implementation phase your firm is at, BDO has two market leading tools to help you prepare and manage the impact on your business.

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Managing the impact of COVID-19

Useful information on government support for businesses and individuals and practical advice on business continuity and resilience.

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