CPA insights and tips for law firms

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How to Avoid Surprise Tax Bills This Holiday Season: A Guide for Law Firms

Counsel

Dec 33 min read

How to Avoid Surprise Tax Bills This Holiday Season: A Guide for Law Firms

The holiday season is a time for celebration, but for law firm owners, it’s also a critical time for financial planning. Nothing puts a...

The Basics A Specialist CPA Provides For Lawyers

Counsel

Dec 33 min read

The Basics A Specialist CPA Provides For Lawyers

If you’re working with—or considering—a CPA for lawyers , here are key things you should ask for: 1. Can You Provide a 2024 Tax Liability...

What Keeps Law Firm Partners Awake at Night? Top Concerns We Address in Our First Consultation

Counsel

Dec 33 min read

What Keeps Law Firm Partners Awake at Night? Top Concerns We Address in Our First Consultation

As a CPA who works exclusively with law firms of up to 30 employees, I’ve had countless initial consultations where law firm partners...

From Overwhelmed to Organized – Simplifying Your Law Firm’s Financial Systems

Counsel

Nov 223 min read

From Overwhelmed to Organized – Simplifying Your Law Firm’s Financial Systems

Managing the financial side of a law firm can feel like an endless juggling act. From tracking billable hours to managing invoices and...

The Lawyer's Guide to Optimizing Cash Flow in 2024 and 2025

Counsel

Nov 214 min read

The Lawyer's Guide to Optimizing Cash Flow in 2024 and 2025

For many law firms, cash flow management often takes a backseat to client work, but a healthy cash flow is the lifeblood of any...

5 Common Financial Pitfalls Law Firms Face—and How to Avoid Them

Counsel

Nov 204 min read

5 Common Financial Pitfalls Law Firms Face—and How to Avoid Them

Running a successful law firm is no small feat. While attorneys excel at practicing law, managing the financial aspects of a law firm...

Lawyers: The Financial Mistakes That Can Get You Disbarred

Counsel

Nov 134 min read

Lawyers: The Financial Mistakes That Can Get You Disbarred

Opening Insights Managing finances as a lawyer isn't just about balancing books; it’s a critical part of protecting your career....

The Financial Crisis Facing Law Firms With < 25 Employees? (And how to fix this)

Counsel

Nov 116 min read

The Financial Crisis Facing Law Firms With < 25 Employees? (And how to fix this)

Opening Insights If you're not managing your law firm's finances correctly every week, you’re likely losing cash, adding unnecessary...

230

Tax Tip: Put Your Kids on Payroll for Big Savings and Financial Education

Counsel

Nov 52 min read

Tax Tip: Put Your Kids on Payroll for Big Savings and Financial Education

Looking for a straightforward tax-saving strategy that benefits both your business and your family? If you have children of working age...

Mid-Year Tax Planning Tips for Law Firms - Optimize Tax Strategies and Minimize Liabilities

Counsel

Aug 254 min read

Mid-Year Tax Planning Tips for Law Firms - Optimize Tax Strategies and Minimize Liabilities

Your law firm may not specialize in tax law, but it still must plan for tax season like any other business. Part of the tax planning...

Mid-Year Legal Audit for Law Firms - Ensure Compliance and Financial Health

Counsel

Aug 194 min read

Mid-Year Legal Audit for Law Firms - Ensure Compliance and Financial Health

Law firms have a legal and financial responsibility to ensure they remain in compliance with the law by properly maintaining their client...

150

The Role of Accounting in Enhancing Law Firm Efficiency

Counsel

Jul 234 min read

The Role of Accounting in Enhancing Law Firm Efficiency

Law firms must maintain accurate business records and follow ethical guidelines and legal requirements like any other business. However,...

130

Running a More Efficient Law Practice by Optimizing Your Operations

Counsel

Jul 154 min read

Running a More Efficient Law Practice by Optimizing Your Operations

Running an efficient law practice requires many of the same skills you would need to run a successful business. You must ensure your law...

120

Cost Savings Uncovered: A Detailed Analysis of Outsourcing vs. In-House Management Costs

Counsel

Jul 83 min read

Cost Savings Uncovered: A Detailed Analysis of Outsourcing vs. In-House Management Costs

In today’s competitive business environment, law firms are continually seeking strategies to optimize their operations and reduce costs...

130

Counsel

Jul 82 min read

Introducing Counsel CPAs: A New Chapter in Specialized Services for Law Firms

Our commitment to meeting the unique needs of our clients has always driven our innovation and growth. Today, we are excited to announce...

Unlocking Growth: The Strategic Benefits of Outsourcing Your Back Office Management

Counsel

Jul 83 min read

Unlocking Growth: The Strategic Benefits of Outsourcing Your Back Office Management

In the world of business, efficiency and strategic focus are the linchpins of success, particularly for law firms and legal professionals...

Business Health Fundamentals: Simple Strategies for Business Success

Counsel

Jul 86 min read

Business Health Fundamentals: Simple Strategies for Business Success

Resilience and growth are essential components for small businesses to thrive in competitive markets. Getting a handle on the health of...

120

Making Money Matters Simple: Your Guide to Better Business Finances

Counsel

Jul 84 min read

Making Money Matters Simple: Your Guide to Better Business Finances

We get it; managing a business in the bustling California business scene, especially if you're a law firm, can be tough. With the...

Why You Should Outsource Your Accounting Function

Counsel

Jul 85 min read

Why You Should Outsource Your Accounting Function

You've probably heard whispers around the courtroom or at networking events about the wave of outsourcing the accounting function that...

Court Declares The Corporate Transparency Act (CTA) is Unconstitutional

Counsel

Jul 82 min read

Court Declares The Corporate Transparency Act (CTA) is Unconstitutional

In a lawsuit filed by the National Small Business Association, The Corporate Transparency Act was dealt a blow when an Alabama court...

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