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April 9, 2024

Taxing Times: A Guide to Understanding Legal Fees and Retainers

In the intricate world of legal finance, understanding the tax implications of legal fees and retainers is paramount for law firms seeking financial clarity and compliance. Join us on a journey through the labyrinth of tax regulations as we decode the nuances of fee structures, income recognition, and the treatment of retainers. Discover practical strategies to optimize your firm's tax position and ensure financial success in an ever-evolving legal landscape.
November 7, 2023

Expense Management for Personal Injury Law Firms

Discover how personal injury law firms can master expense management. Learn about budgeting, leveraging technology, cost control, and negotiating strategies for financial success. Insights from Prestige Accounting & Consulting.
July 13, 2023

The Art of Finding the Right Fit Essential Qualities to Look for in Prospective Law Firm Employees

How do you know if a prospective employee will be the right fit for your law firm? Here are some insights on what qualities are essential when hiring new legal staff.
July 11, 2023

Creating a Competitive Compensation Package: How Law Firm Owners Can Attract Top Talent

Find out how you can build a competitive salary package and benefit plans to attract the top talent for your law firm. Learn the strategies from Prestige Accounting & Consulting on how to create effective compensation packages and retain high-quality staff today!
July 7, 2023

The Importance of Internal Controls in Ensuring IOLTA/Trust Account Audit Compliance

Learn why having a robust internal control system is critical for ensuring your law firm's success and compliance with IOLTA/Trust Account audit requirements. Get the insights needed to protect funds held in trust accounts from mismanagement.
July 5, 2023

Top 5 Common Mistakes in IOLTA/Trust Account Audits and How to Avoid Them

Protect your legal practice from future mistakes with these top 5 common errors seen in IOLTA/trust account audits. Learn how you can ensure compliance and avoid costly consequences.
May 15, 2023

CFO Defined: What sets a CFO apart from a Bookkeeper and an Accountant?

As a law firm owner, you might have come across three job titles that seem to overlap – bookkeepers, accountants, and Chief Financial Officers (CFOs). At […]
May 2, 2023

CFOs Establish Standard Operating Procedures & Continuous Improvement Measures

As a law firm owner, you have many responsibilities outside of practicing law. Managing the firm’s finances, resources, and personnel takes a lot of effort and […]
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