Blog

Do you ever worry that you have made a serious financial mistake when it comes to running your legal practice? The truth is, a lot of the self-employed attorneys I talk with struggle with the business side of things. If that sounds familiar, you’re not alone and I...

As a solo practitioner or law firm owner, you make hundreds of financial decisions every week about money, accounting, taxes, payroll, banking, etc. There comes a point where every law firm owner should lean on an experienced CPA for advice and guidance on maximizing...

Business has gotten more challenging for law firm owners like you over the past few years. Many law firm owners have shared with me that while they enjoy owning and operating their law practice... It can be hard to know if they’re doing the right things and making...

Solo practitioners and small firms make up the majority of the legal profession, but so many of the law firm owners I talk with are struggling now more than ever. In your business, time is money. It is important that you do what you can to streamline non-billable...

When was the last time you struggled with a business decision? Believe me, I understand. When you’re an attorney, your focus is on your clients and their legal issues. If you ever feel like your finances are a mess or your profits aren’t where they should be......

Can I tell you a story? I think you might be able to relate. I grew up in Prince George’s County, just outside of Washington DC. I didn’t have much as a kid. We struggled. I had a dream of something better, and I had to hustle and grind my way up from the bottom. I...

The COVID pandemic has changed a lot of people’s financial pictures, and with tax season knocking on the door, a lot of folks are more worried than ever before. I’m not trying to strike a somber tone, just a realistic one. Not a day goes by without a call here in the...

There has been a lot of drama this last year, and no one can say otherwise. Even with a new president, mass vaccinations, and a “united” Congress, the pandemic isn’t going away and people are hurting financially. It’s times like these that my clients inevitably ask me...

I get asked – usually several times a week – where there is “real” growth in any market. Now, usually, the person asking the question is looking for an alternative to an IRA, or even a 401(k), and, if I know a little of their personal finances, I can give them one of...

Every year, it seems, old clients and friends reach out as their kids or grandkids are beginning their “journey” as taxpayers. In reality, it’s the same conversation, but it’s always from the heart, and I wanted to share a few “nuggets” of wisdom here today. Think of...

Stop me if you’ve been here before – your trash can is filled with junk mail, you don’t have a stamp (or an envelope) to send that invoice to your client, and your printer isn’t working because you’re out of ink. Now, I’m ALL for saving the environment, and that’s...

Taxes seem to be one of the most prevalent things that will come to us this year, as President-elect Biden has mentioned quite a few worrisome things in regards to taxing. To summarize, taxes are bound to increase - but one of the things to consider is the so-called...