Ensure compliance, optimize your firm’s finances, and streamline operations with expert bookkeeping and tax solutions.
Your firm's revenue and operating expenses are tracked by your bookkeeper, with results shared through easy-to-understand reporting.
Every tax deduction is identified to minimize your law firm's tax liability, including software subscriptions and advertising costs.
Your accountant prepares and files federal and state tax returns, ensuring compliance and maximizing your law firm's tax savings.
The long hours and intense focus required to deliver legal victories leave little room for bookkeeping and strategic tax planning. If your firm struggles to balance tax compliance with clients' needs, full-service, tax-deductible financial solutions will help you move forward. When you collaborate with tax and bookkeeping professionals experienced in serving firms in your region, they save you time, maintain your firm's compliance, and minimize your annual tax burden.
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you. *Billed annually
Best for businesses that need more advanced features, including tax filing and planning, to maximize their tax savings.
1-800Accountant has serviced over 100,000 businesses in the last decade. We'll keep your books in order and maximize your tax savings. Get the suite of tax services your business needs at a price that works for you. *Billed annually
"I have been with 1-800Accountant for 10+ years, and my payroll experience with Fatima P. has been the best so far. Her professional and compassionate demeanor is unparalleled, and her follow-through is exceptional. I appreciate her help and dedication to my payroll account so much."
Unlike spreadsheets or do-it-yourself bookkeeping software, 1-800Accountant provides dedicated bookkeeping and back bookkeeping services done for you. Your dedicated bookkeeper will work closely with you, providing personalized support and ensuring your books are managed accurately and efficiently, giving you the insights you need to make critical, data-backed business decisions for your law firm.
1-800Accountant supports your firm's preferred legal billing model, whether you've adopted contingency-fee, hourly, or flat-fee billing. Your designated team, experienced in serving law firms in your region, can evaluate your billing model and offer recommendations to optimize billing protocols and procedures.
1-800Accountant can help your law firm stay compliant with legal accounting and trust account rules through the strategic implementation of trust account management, trust reconciliation and financial reporting, and invoice and billing management, among other tried and true accounting processes. This will help your law firm avoid costly penalties while upholding the highest ethical standards set by the American Bar Association and other bodies, which is particularly important to prospective clients.
While legal bookkeeping and law firm accounting intersect, they provide different services to your business. Recording and organizing your law firm's financial transactions, including payments, retainers, and disbursements, is how legal bookkeeping is used. Legal accounting will provide your firm with high-level financial analysis, forecasting, financial statements, data, and planning, leveraging the detailed information from your legal bookkeeper.
If your law firm or partners are required to pay quarterly taxes while meeting hard-to-understand IRS requirements, or don't have the time or capacity to figure them out, you can trust our professionals with this complex work. We make the entire estimated tax process easy and stress-free with a full-service solution that results in accurate calculations and timely submissions, ensuring year-round compliance.
Software features for effective law firm bookkeeping should ensure compliance and accuracy while promoting efficiency and productivity. Your law firm's software should support three-way reconciliation and track operating and trust accounts separately. The legal accounting software should feature automation to reduce manual processes prone to error and produce easy-to-understand financial dashboards and reports.
There are several methods for integrating a time-tracking system with your accounting software, which will ensure revenue recognition and accurate recording of billable hours. One of the easiest methods is to identify time-tracking systems and accounting software with built-in integrations or APIs. This way, these systems and software communicate seamlessly, producing error-free results while remaining compatible after updates.
Best practices for handling client retainers and advance payments to avoid accounting discrepancies include implementing robust accounting software and systems, maintaining detailed records, regularly reconciling retainer accounts, creating separate accounts (trust and escrow) when possible, and clearly defining terms in your client agreement from the outset.
When you utilize our comprehensive, tax-deductible bookkeeping and accounting solutions, you can rest assured that your client data is safe and secure. We use the industry-standard 128-bit SSL encryption to safeguard your information. As an added safeguard, our team remains vigilant to emerging threats to help ensure your data is secure.
1-800Accountant can help your law firm budget for expenses like malpractice insurance and bar dues, analyzing historic data and forecasting costs, budgeting, cash flow management, and tax planning, among other methods. When these methods are used in conjunction by your designated accounting team, they provide clarity to your financial roadmap for the coming tax year.
We offer financial services to small businesses nationwide, serving a diverse range of industries across all 50 states. Our services are designed to scale with your requirements, whether your firm serves a specific region or you face multi-jurisdictional tax obligations with clients in multiple states. Because 1-800Accountant exclusively serves businesses headquartered in the United States, we do not currently offer services in other countries.
While our full-service bookkeeping solution doesn't include basic financial literacy support by default, we offer tailored solutions to fully support your law firm's initiatives. If basic financial literacy and other capabilities are required to address your firm's unique needs, your designated 1-800Accountant team can provide the training and support for your colleagues.
