IOLTA ACCOUNTING
At Prestige Accounting Solutions, we understand the unique needs of law firms when it comes to trust accounting. Our dedicated IOLTA accounting services ensure compliance with IOLTA account rules while providing accurate and transparent financial management.
IOLTA ACCOUNTING
Trust Account Reconciliation:
Meticulous reconciliation of IOLTA accounts to ensure accuracy and compliance with regulatory requirements.
Transaction Monitoring:
Continuous monitoring of trust account transactions to identify any discrepancies or irregularities promptly.
Compliance Assistance:
Expert guidance and support to ensure adherence to IOLTA regulations, minimizing the risk of penalties or audits.
Audit Preparation:
Assistance and preparation for audits, ensuring a smooth process and peace of mind for our legal clients.
Customized Reporting:
Tailored financial reports providing clear insights into trust account activity, facilitating informed decision-making.
We are the preferred Accounting Tax and Business Advisory Firm
We specialize in IOLTA accounting and prioritize not just revenue growth, but also alleviating common entrepreneurial stressors for our clients, enabling them to truly enjoy their best life.
Unlike typical CPA firms that focus solely on post-facto accounting, we take a proactive approach, assisting our clients in crafting comprehensive tax plans. Through these strategies, we frequently achieve substantial liability reductions, often ranging from $15,000 to $75,000.
We maintain a year-round engagement with our clients, ensuring that their tax plans are continuously adjusted to accommodate any fluctuations in income.
Distinguished by our Profit First Certified designation, our firm excels by implementing the profit first method for our clients, thereby guaranteeing their enhanced profitability.
Elevated firm profits empower owners to allocate more time to explore the myriad of enriching experiences our world has to offer, unburdened by financial liabilities.
FLAT RATE BUNDLED SERVICES
In our Prestige packages we help law firm owners who feel burnt out climb from 6-figure revenues to 6-figure profits so that they can take at least 4 vacations a year. Through working directly with us, clients will create a business enterprise that fulfills them rather than drain their energy.
The average client in our program sees the following results:
Higher profit margins
Higher paying clients
Lower tax liability
Lower employee turnover
Increased work-life balance
More family time
TESTIMONIALS
WHAT THEY SAY ABOUT US
At Prestige Accounting Solutions we have helped a variety of small business with their accounting needs.
Check out our happy and satisfied customer reviews here!
It's typical for our clients to have a firm that diverts 40% of gross revenue to the firm owner.
This happens because we infuse a strategic blend of accounting and business coaching which accelerates their business growth and profit margins. In order to have a multi-million dollar firm, the firm owner must spend more time working on the business instead of in the business. The mindset of an ARCHER-prenuer is needed rather than that of a manager. We coach our clients on how to shift their mindset so that they can shift their bank accounts!
