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KPI’s To Consider Before Applying For A Business Loan
Sales can be a difficult profession, whether you're working in a law firm or any other type of business. It's important to be able to build relationships with potential clients and understand their needs. But it's also critical to be able to close a sale and get the...
How A Business Loan Can Help You Expand Your Firm
A law firm can be a great investment for the entrepreneurial attorney. It can provide a steady income and help you grow your business. But like any other business, a law firm requires capital. This is where a business loan comes in. A business loan is a loan that is...
What The Tom Girardi Scandal Can Teach Us About IOLTA Compliance
Since the news of Tom Girardi's alleged IOLTA violation broke, many accountants have been wondering what implications this might have for their own practices. While it's still too early to say anything definitive, this scandal may remind the importance of compliance...
You Can Still Claim The Employee Retention Tax Credit
If you're worried that the Employee Retention Tax Credit is expiring at the end of 2021, don't panic just yet. There is still time for businesses that haven't claimed the credit to do so. In addition, theIRS has released a new notice providing further guidance about...
7 Tips for a Valid and Running Accountable Plan
One of the many tax planning strategies we use with our clients id the use of an accountable plan. This allow the firm to provide reimbursements for employee’s business expenses without having to pay payroll taxes on the disbursements. To ensure you’re all set without...
I Help Attorneys Create Lasting Financial Wealth
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. Making Both Teams to Score Predictions. This refers...
Does Your Accountant Specialize in Accounting for Law Firms?
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...
Financial Counsel For Attorneys At Law
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...
Attorneys: Are You Maximizing Your Law Firm’s Profitability?
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...
Law School Was Hard. Accounting And Taxes Don’t Have To Be
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Take Your Law Firm’s Profits to The Next Level
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...
They’ll Only Make You Think It’s Hard to do
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...