CPA for Law Firms—Tax, Accounting, Payroll & Trust Account Compliance
Law firm finances aren't like other businesses. Between IOLTA compliance, partner compensation structures, and the ethical obligations around client funds, you need a CPA who understands the stakes. We specialize in law firms—from solo practitioners building a practice to multi-partner firms managing complex profit allocations. We provide the reconciliation support and reporting you need to maintain compliant trust accounts.
Who we serve
- Solo Attorneys & Small Firms: Simplified accounting, trust account setup, tax planning for practice owners
- Multi-Partner Firms: Partner compensation modeling, profit allocation, K-1 preparation
- Contingency Fee Practices: Cash flow planning for irregular income, case cost tracking, fee-splitting compliance
- Firms with Trust Accounting Requirements: IOLTA compliance, client ledger reconciliation, three-way reconciliation support
Services include
- Tax Return Preparation: Partnership (1065), S-Corp (1120S), and personal returns with proper treatment of partner draws, guaranteed payments, and self-employment tax
- Tax Planning & Estimated Payments: Quarterly projections accounting for variable case settlements and fee receipts
- Firm Accounting & Financial Reporting: Monthly financials, matter profitability, partner capital account tracking
- Payroll Services: Staff payroll, associate compensation, partner guaranteed payments
- IOLTA & Client Trust Accounting: Trust account bookkeeping, client-level ledgers, three-way reconciliations
- Entity & Partner Structuring: Partnership agreements, profit allocation models, lateral partner buy-ins
Request a consultation to discuss your firm and how we can help.
