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Hiring a CPA for Your Firm: Things to Know
Are you considering hiring a CPA for your law firm? Here are five things you need to know before making your decision. First, CPAs can help you save money on taxes. Second, they can help you manage your finances and keep track of your expenses. Third, they can provide...
Take Your Law Firm Finances To The Next Level
As a law firm owner, you know that in order to be successful, your finances need to be on point. But sometimes it can be tough to know where to start or what changes need to be made. If you're looking for ways to take your law firm finances up a notch, read on for...
Law Firm Forecasting: Short- & Long-Term
What's the forecast for your law firm? And no, we're not talking about the weather. Instead, we're talking about your business - where do you see it going in the short-term and long-term? Also, do you have a plan in place to make sure that you reach your goals? If...
Could Your Business Benefit From A Cash Flow Analysis?
Are you looking for ways to improve your law firm's cash flow? If so, you may want to consider conducting a cash flow analysis. A cash flow analysis can help you identify areas where your firm could save money or bring in more revenue. It can also help you plan for...
Is Your Business Using Your Home?
Home office deduction – what does it take to have a dedicated work room at home If you own a law firm, you may be able to deduct the cost of your home office on your taxes. The home office deduction is available to business owners who use a portion of their home...
A Backdoor Roth Ira Strategy For Law Offices
What is a backdoor Roth IRA strategy, and how does it work for law offices specifically A backdoor Roth IRA is a retirement savings strategy that law firm owners can use. Specifically, it allows them to make after-tax contributions to a traditional IRA. Then convert...
Don’t Be Caught Off Guard, Prepare Early For Next Tax Season!
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Kiddie Tax – What Is It And Do You Need To File?
What is the Kiddie Tax and how does it work The Kiddie Tax is a federal tax on the investment income of children under the age of 18. The tax is designed to prevent parents from sheltering their income in their children's names in order to reduce their own taxable...
How To Write Off Your Vehicle Expenses
What are vehicle expenses, and how do they work? Business owners often have to juggle a lot of different expenses, and one of the most significant categories is vehicle expenses. Vehicle expenses include gas, insurance, repairs, and maintenance. They can also include...
Marketing For Black Law Firms is Very Different Than That Of White Law Firms
The Drawbacks of Black Law Firms in their Chosen Profession Black Law firms have to work twice as hard to get half the recognition. Law is a profession that white men have long dominated. While the number of black law firms has increased in recent years, they still...
Money Matters: Your Guide to A Sound Financial Strategy
Financial Strategy - the basics Law firms can be expensive. However, there are ways to save money while running a law firm Such as having a financial strategy. Here are a few tips: Know your billing system and track your time carefully. It will help you to see where...
How To Attract High-Paying Clients In Your Law Practice
Law firm owners frequently ask me how they can establish themselves as experts in their field. While there are many ways to do this, I believe the three most effective methods are writing articles, speaking at events, and networking with other professionals. Writing...
