⚖️ Law Firm Accounting & Tax Services

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We provide complete bookkeeping and trust accounting services designed for legal professionals:

• Setup and reconciliation of IOLTA trust accounts in compliance with State Bar requirements
   
• Monthly three-way trust reconciliations (bank, client ledger, and liability ledger)
   
• Tracking client retainers and reimbursable expenses
   
• Financial statement preparation (Balance Sheet, P&L, Trust Liability Report)
   
• Integration with Clio, LeanLaw, and QuickBooks Online
   
• Customized chart of accounts for law practices

Our firm ensures your law office remains compliant while minimizing tax liabilities:

• Federal and state income tax preparation for Sole Proprietorships, Partnerships, PLLCs, and S-Corps
   
• Specialized handling of retainer and contingency fee income
   
• Deduction optimization for professional expenses (CLE, bar dues, research tools, insurance, etc.)
   
• Accurate reporting of client cost advances and reimbursements
   
• Preparation of Form 1099s for co-counsel, contract attorneys, and vendors
   
• Payroll setup, compliance, and reasonable compensation planning for S-Corp owners

We go beyond compliance to support your firm’s growth and profitability:

• Financial analysis and cash flow forecasting
   
• Attorney compensation and partner distribution strategies
   
• Profitability analysis by case, client, or attorney
   
• Multi-state tax planning and apportionment
   
• Implementation of retirement and health plan strategies for attorneys and partners
   
• Strategic advisory for firm expansion, merger, or incorporation decisions