Legal & Professional Service
Legal and professional service providers often grapple with intricate billing structures, trust accounts, and client expense tracking, making their financial management unique. We assist in accurately tracking billable hours, managing cash flow, managing client trust accounts, and ensuring compliance with industry-specific tax regulations, such as those related to legal fees.
We assist in the accurate and timely preparation of K-1’s for partners knowing how important the individual partner needs are for tax reporting purposes. We also take full advantage of state specific tax planning opportunities related to the partnership pass through entity tax structure. Our services will enable your legal or professional services firm to focus on delivering high-quality services while managing your finances effectively in a competitive landscape.
Our services include:
- Improving Revenue Cycle
- Financial Planning & Tax Planning
- Succession Planning
- Estate Tax Planning
- Retirement Planning to Maximize your Tax Benefits
- Profit Per Partner Analysis
- Tax Planning and Compliance