6 Tips for Managing Law Firm Taxes
Category: Accounting
There are some important tax to-dos you’ll need to complete before filing your law firm taxes. Are you ready? It’s a good idea to approach your taxes proactively. These 6 tips should help you get started: #1: Gather all pertinent tax information for your law firm as you go.#2: Closeout
The ABA approved credit card processing for legal fees in 1974. However, law firm credit card processing has been slowly adopted. Only 62% of large and midsized firms use online payments consistently — even with well-established methods like ACH, eChecks, and credit card processing. The Impact Credit Card Processing Has
Trust accounting is a large part of everyday life for lawyers and businesses. Think estate planning, banking, real estate, and other groups that manage large amounts of money. So, as a lawyer, how do you use trust accounting at your law firm? Imagine this: You’ve won over a prospective client!
Law firms are seeing the benefits of cloud-based solutions for better productivity, security, and cost-effectiveness. These solutions offer numerous benefits, including user-friendly features, accessibility, and automation, making the day-to-day operations of a law firm faster and more convenient. Here are the 6 advantages of cloud-based billing for lawyers. What Is
The challenge of attracting new clients in the legal sector can cause frustration among many lawyers. In contrast, rainmakers, who have a knack for bringing in business, receive high praise for their abilities. The common perception is that success in this area demands aggressive sales techniques. However, an approach centered
Business development and growing your book are essential parts of being a lawyer if you want to be successful. However, the distribution of law firm origination credit can get blurry, leaving some lawyers feeling cheated out of their hard work. When implemented correctly, law firm origination credit plans can play