Our Blog
Trust Reconciliations
Trust accounting, in theory, is relatively simple. All law firms who receive funds from a client for a refundable retainer or settlement should be properly classifying and reconciling the trust balances with a systematized trust accounting procedure. However, if the...
1099 Best Practices
Does your law practice pay for services provided by someone who is not an employee? If so, you need to issue a 1099 form to the Internal Revenue Service. Simply put, a 1099 (also called an information return) is a form that documents payments made to non-employee...
Is it Time to Consider Outsourcing?
Small business owners often start out with limited resources and take on many of the day-to-day responsibilities. If you find yourself handling everything from accounting, marketing, human resources, and IT to growth planning and team building, you’re not alone. As...
Changes to Business Tax Deductions in 2024
Tax rules change frequently, and it goes without saying that there are a myriad of regulations governing an extensive array of business deductions. We are touching on a few key categories and highlighting a handful of changes for 2024. However, it is essential that...
The Value of a Business Roundtable
Exchanging ideas and collaborating are essential for business success. While many professionals consider networking an effective tool for building relationships and strategic partnerships, it can be difficult to make truly meaningful connections or share valuable...
Wrapping Up Your Year-End Checklist
If January finds you facing a list of to-dos that you were not able to complete before the ball dropped on New Year’s Eve, you are not alone. The good news is it’s not too late to wrap up those essential year-end tasks – and set your business up for success in 2024....