Sikatrix Business Accountants
Industry

Accounting Precision for Legal Practices

Trust accounts and LSSA compliance records have to be right. We handle both so your practice stays in good standing.

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How we support Legal Professionals

Your trust account reconciles to the cent every month. LSSA compliance records are in order. And your personal and practice tax returns are filed on time, every time.

Black South African male attorney reviewing legal documents and compliance records at his desk

"Trust account compliance is your professional reputation. We reconcile it exactly."

  • Monthly trust account reconciliations
  • LSSA audit-readiness record keeping
  • Practice bookkeeping (business account)
  • Payroll for attorneys and support staff
  • Personal and corporate income tax returns
  • Provisional tax (IRP6) submissions

Get Specialist Accounting for Legal Professionals

Book a free 30-minute consultation and we'll show you exactly how we support your sector.

Common questions from Legal Professionals

What are the LSSA trust account requirements?

Attorneys must reconcile their trust accounts monthly, maintain a proper bookkeeping record, and ensure trust creditors are always covered. The Law Society (LSSA) requires an annual compliance audit. We prepare records that satisfy these requirements.

Must attorneys register for VAT?

Yes, if annual taxable turnover from legal fees exceeds R1 million. Legal services are standard-rated at 15%. Trust account receipts held on behalf of clients are not taxable turnover. We set up your VAT registration and returns correctly from the start.

Can you prepare the records needed for our annual LSSA compliance audit?

Yes. We maintain your practice bookkeeping records in a format specifically structured to support LSSA compliance audits. We work with your auditor or appointed assurance provider directly where needed.

Talk to a SAIPA-registered accountant today

Book a free 30-minute consultation. No obligation — just straight answers about your compliance and tax position.