Accounting For Law Firms
At Filing Taxes, you can be assured that your clients’ records and data are in safe hands. We have set up security measures for our clients to establish data protection.
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Delivering a Comprehensive, Streamlined Accounting and Finance Solution for Law Firms
Filing Taxes provide full-service accounting services for law firms that want to grow their firm. We provide reliable, accurate, and efficient accounting services for all types of law firms. We’ll free you from the tedious accounting and bookkeeping tasks that are straining your resources and will find ways to save you money on taxes.
Tailored Financial Solutions for Legal Practices of Every Size
We work with lawyers and attorneys running practices of all sizes. From multi-partner law firms that employ a sizable staff to local sole proprietors and de novo firms, we offer an extensive list of financial management services that can be customized to suit the needs of your particular practice.
Exceptional Financial Support for Law Firms: Your Trusted Accounting Partner
Our team of financial professionals takes pride in delivering personal attention, accuracy, and excellence in all we do. When your law firm trusts us with your accounting, bookkeeping, and tax needs you’ll have peace of mind knowing that a qualified accounting firm is overseeing your finances. We strive to take over the essential accounting needs of your law firm so you can spend more time working billable hours and bring in higher revenues for your firm.
Why Accounting Services Are Important for Law Firms?
Law firms have to handle numerous things at the same time, and that too with a great level of understanding and knowledge. Every law firm needs two offices working in tandem—a front office populated by talented lawyers advancing client goals, and a back-office populated by skilled accountants improving support services and reducing costs.
The law firms have undergone a paradigm shift with continued pressure on reducing costs and streamlining business operations. When it comes to accounting and bookkeeping for law firms this is the most important non-core activity which needs special attention. Like any other businesses law firms also need to maintain profitability for being in the market for the long run and to achieve its accounting and bookkeeping for law firms are the best vertical to outsource.
How Can We Help?
Lawyers focus on an area of specialty, whether General Practice, Family Law, Estate Planning, Real Estate, etc. Therefore, as a lawyer or legal professional, you know that it’s best to have an accounting team that also specializes in serving legal professionals.
As your law practice grows, you’ve likely discovered that accounting tasks steal billable hours from your practice. We have developed a niche in tax and accounting services for law firms. We are fully equipped to handle all your law firm accounting responsibilities and provide the reliable financial data and advice you need to make smart business decisions for your practice. We will help you keep your practice fiscally sound while offering growth strategies and concepts to increase your bottom line. Our customized, unique formula for the legal industry has been tried and tested to show success.
We handle your law firm accounts so you can do more billable work. We help law firms function more efficiently with comprehensive accounting services that enable deep insight into business functions.
From knowing how law firms are managed to how they bill, the different types of compensation models law firms use, and other common financial details, we have expertise in your industry. Whether you need fully outsourced accounting, monthly account reconciliation, and reporting, or other services, count on us to provide expert insight and financial representation.
While you’re preparing for court, we’ll prepare crystal clear financial statements that let you keep track of business expenses and control costs with ease. We’ll also create a comprehensive strategy to reduce your tax burden, so you see better numbers at year-end and build more value into your firm. When financial questions arise, we’re ready to address your concerns with reliable and practice advice.
We’ll Run Your Books, While You Run Your Law Practice
We understand that you didn’t spend years going to law school to be a legal accountant. As a busy lawyer or attorney, you have more important things to do than manage your books. Spend more time clocking billable hours with clients and less time worrying about your numbers when you work with the accountants at Filing Taxes.
We offer an array of law firm accounting services for all legal specializations. that will transform the financial management of your law firm.
- Accounting Setup
- Preparing Closing Entries
- Compiled financial statements & Reporting
- Cash Flow Analysis, management, and Budgeting
- Monthly, Quarterly, Yearly Review
- Financial Analysis
- Management Reporting
- Payroll Processing Services
- Cleaning up Books
- Tax Preparation Services
- Tax planning strategies
- New business advisory and incorporation
- Litigation support
- Mergers and acquisitions
- Forecasting and budgeting
- Outsourced CFO services
- Business loan assistance
Our Key Differentiators – Benefits of our accounting services for law firms
We strive to take over the essential accounting needs of your law firm so you can spend more time to bring in higher revenues for your firm. We tailor our services to the needs and goals of each client.
Leverage the expertise of a team of accounting professionals
We are already providing accounting and bookkeeping for lawyers, attorneys, and law firms hence apart from the cost you will get expertise benefits. Our experienced accountants have helped numerous local law practices.
Time and money saved for your law firm
Being the leading outsource accounting firm our objective is to help manage your bookkeeping and accounting work so you can concentrate on your valuable clients and legal work. Partnering with Filing Taxes will free you up to focus on navigating to the best possible outcome for your clients with confidence that your law firm is managing its financials effectively, from payroll to expenses and invoices. You will also steer clear of the frustration that comes with trying to manage every aspect of your firm’s operations — a choice that can lead you to burnout and potentially even lost revenue. Our team of tax professionals will also help you develop a tax planning strategy that maximizes tax credits and tax deductions for your law firm.
We timely deliver all our assignments and believe in the long-term relationship hence the quality of service wouldn’t be an issue for you.
A scalable option for your legal practice
As your business expands or shrinks, our accounting firm will be right alongside you. We are being your accounting firm can modify the staffing requirements and handle resource management accordingly. We’ll make sure that your financial records are organized, and meaningful financial reporting is in place. We will help you develop growth strategies that build profit for your legal practice.
A holistic approach to your law firm’s finances
We will be your one-stop-shop for your legal accounting needs.
Our accounting firm provides a well-rounded solution to manage your firm’s financial growth successfully. We provide a range of services, including tax preparation, QuickBooks services, accounting services, bookkeeping, and virtual CFO services. By combining these areas of expertise into one service, our services have a synergistic effect on your legal practice.
Partner with an accounting firm that cares about data security
Data breaches continue to negatively impact businesses and small law firms throughout Canada. We implement two-factor authentication (2FA) for login credentials and routinely engage cybersecurity professionals to assess our firm’s security posture. We’re committed to protecting the financial data that our clients entrust to us.
Our Promise in Legal Accounting Services
When you team up with Filing Taxes, we’ll help you create a more profitable law firm. We are aware that law firms and attorneys have unique accounting prerequisites and coping with an in-house accounting regime can sap the valuable time and efforts of a worthwhile law firm. Consider Filing Taxes as an extension of your law firm and a company that truly cares about your success. Feel free to contact us anytime to talk about how we help legal professionals like you to the worry-free financial management of their business.
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