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Counsel
Jan 84 min read
Why CPAs Are Essential for Law Firms: Insights from Emil Abedian
In the competitive legal industry, where attention to detail and precision are paramount, effective financial management is equally...
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Counsel
Dec 3, 20243 min read
How to Avoid Surprise Tax Bills This Holiday Season: A Guide for Law Firms
The holiday season is a time for celebration, but for law firm owners, it’s also a critical time for financial planning. Nothing puts a...
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Counsel
Dec 3, 20243 min read
The Basics A Specialist CPA Provides For Lawyers
If you’re working with—or considering—a CPA for lawyers , here are key things you should ask for: 1. Can You Provide a 2024 Tax Liability...
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Counsel
Dec 3, 20243 min read
What Keeps Law Firm Partners Awake at Night? Top Concerns We Address in Our First Consultation
As a CPA who works exclusively with law firms of up to 30 employees, I’ve had countless initial consultations where law firm partners...
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Counsel
Nov 22, 20243 min read
From Overwhelmed to Organized – Simplifying Your Law Firm’s Financial Systems
Managing the financial side of a law firm can feel like an endless juggling act. From tracking billable hours to managing invoices and...
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Counsel
Nov 21, 20244 min read
The Lawyer's Guide to Optimizing Cash Flow in 2024 and 2025
For many law firms, cash flow management often takes a backseat to client work, but a healthy cash flow is the lifeblood of any...
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Counsel
Nov 20, 20244 min read
5 Common Financial Pitfalls Law Firms Face—and How to Avoid Them
Running a successful law firm is no small feat. While attorneys excel at practicing law, managing the financial aspects of a law firm...
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Counsel
Nov 13, 20244 min read
Lawyers: The Financial Mistakes That Can Get You Disbarred
Opening Insights Managing finances as a lawyer isn't just about balancing books; it’s a critical part of protecting your career....
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Counsel
Nov 11, 20246 min read
The Financial Crisis Facing Law Firms With < 25 Employees? (And how to fix this)
Opening Insights If you're not managing your law firm's finances correctly every week, you’re likely losing cash, adding unnecessary...
240
Counsel
Nov 5, 20242 min read
Tax Tip: Put Your Kids on Payroll for Big Savings and Financial Education
Looking for a straightforward tax-saving strategy that benefits both your business and your family? If you have children of working age...
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Counsel
Aug 25, 20244 min read
Mid-Year Tax Planning Tips for Law Firms - Optimize Tax Strategies and Minimize Liabilities
Your law firm may not specialize in tax law, but it still must plan for tax season like any other business. Part of the tax planning...
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Counsel
Aug 19, 20244 min read
Mid-Year Legal Audit for Law Firms - Ensure Compliance and Financial Health
Law firms have a legal and financial responsibility to ensure they remain in compliance with the law by properly maintaining their client...
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Counsel
Jul 23, 20244 min read
The Role of Accounting in Enhancing Law Firm Efficiency
Law firms must maintain accurate business records and follow ethical guidelines and legal requirements like any other business. However,...
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Counsel
Jul 15, 20244 min read
Running a More Efficient Law Practice by Optimizing Your Operations
Running an efficient law practice requires many of the same skills you would need to run a successful business. You must ensure your law...
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Counsel
Jul 8, 20243 min read
Cost Savings Uncovered: A Detailed Analysis of Outsourcing vs. In-House Management Costs
In today’s competitive business environment, law firms are continually seeking strategies to optimize their operations and reduce costs...
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Counsel
Jul 8, 20242 min read
Introducing Counsel CPAs: A New Chapter in Specialized Services for Law Firms
Our commitment to meeting the unique needs of our clients has always driven our innovation and growth. Today, we are excited to announce...
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Counsel
Jul 8, 20243 min read
Unlocking Growth: The Strategic Benefits of Outsourcing Your Back Office Management
In the world of business, efficiency and strategic focus are the linchpins of success, particularly for law firms and legal professionals...
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Counsel
Jul 8, 20246 min read
Business Health Fundamentals: Simple Strategies for Business Success
Resilience and growth are essential components for small businesses to thrive in competitive markets. Getting a handle on the health of...
120
Counsel
Jul 8, 20244 min read
Making Money Matters Simple: Your Guide to Better Business Finances
We get it; managing a business in the bustling California business scene, especially if you're a law firm, can be tough. With the...
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Counsel
Jul 8, 20245 min read
Why You Should Outsource Your Accounting Function
You've probably heard whispers around the courtroom or at networking events about the wave of outsourcing the accounting function that...
70
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