Accountants for Law Firms

Tax planning, finance management & law firm accounting software integration

Achieve All-Round Finance Optimization

Having the right business processes and data in place can make a huge difference to your bottom line. Fusion CPA’s accountants for law firms are well-versed in streamlining all aspects of financial management for law firms. This includes stabilizing your business by implementing the right law firm accounting software and implementing automation for reporting and any other aspects you need to keep an eye on.

Your time is valuable, and law firm accounting can get very complicated, very quickly. You need a an experienced law firm accounting team on your side to achieve financial clarity and mindful growth. The accounting team at Fusion CPA is recognized as specialists in tax planning and preparation, as well as CFO business advisory.

We address the issues our law firm clients are concerned about, such as consolidations, optimizing their law firm accounting software, succession planning, and labor cost management. We also offer CFO support to help your business solve issues and prosper.

The Road to Law Firm Accounting Success

Since I’ve been with Fusion, they have provided with me a solid business plan to continue my growth, both horizontally and vertically. They implement streamline review, critique, and implementation, that allows for any and all companies to assess their worth and, in turn, allocate the best resources to turn maximum profit. In short, Fusion CPA will take your company from tier-1 to top-level with their expertise, top-notch advice, and excellent implementation.

Arthur Headly

View All Our Reviews

Experienced Accountants for Law Firms

Handling your accounting as a law firm may result in inaccurate books if you’re finding it challenging to enter transactions consistently. The use of outdated tools may also make it difficult for accounting to be completed correctly. Outsourcing this essential work to experienced accountants for lawyers is probably your best choice when you want to ensure it gets done effectively and efficiently.

Achieve data stability and consistency

You want to have a highly professional CPA assist you in automating all aspects of finance tracking and reporting. This includes expense tracking, invoicing, and other essential accounting requirements. This saves your team a lot of time and keeps clients happy. Reporting is also essential for business growth. You need to measure your financial health on a regular basis, but don’t have the time to check reports every hour. With custom notifications, your reporting gets sent to you when data triggers certain parameters.

Getting current information not only allows you to keep a constant eye on your practice, but also makes decision-making quicker and more straightforward.

Understanding how to use accounting software effectively may take some experience. We can assist in training your team to use the software for their different departmental purposes. Having a seasoned CPA available to manually review this transition, especially when it comes to risky business like trust accounts, makes business sense.

Making the Most of Your Law Firm Accounting Software

The right software for your firm’s specific applications should offer a seamless way to automate business processes. However, it can be daunting to choose a new program, not to mention transitioning to cloud accounting software.

To reap the benefits of the latest software, we can help your company select and integrate the best solution to fit your unique needs.

Time tracking can also be streamlined by utilizing business solutions for lawyers. It should help eliminate the possibility of overbilling your clients. Avoiding the damage to your reputation and embarrassment this could create should make it worthwhile to get assistance from one of our knowledgeable accountants. Undercharging clients for your valuable services can damage your bottom line and make it more challenging to reach your financial goals.

We can help you keep track of your billable hours and expenses – accurately and quickly.

Win With Industry-Specific Tax Planning

You’ve got a great deal to think about when you’re setting up your law firm’s strategy to handle taxes. Maximizing your deductions by knowing what’s accepted by the IRS can be more straightforward to understand when tax planning is outsourced to a tax specialist.

Getting assistance from a CPA may be essential if you want to safeguard against making costly errors. A seasoned CPA can examine categories like office expenses, advertising costs, and travel expenses to determine if you can save any money and help boost your profits. Operating your law firm may require you to obtain updated books and periodicals regularly. Knowing the best way to handle this type of expense on your taxes should be advantageous.

Getting assistance from an accountant for your law firm frees up time and avoids potential errors filling our IRS forms. Your accountant will ensure the firm follows the appropriate guidelines and regulations.

While there may be a few guides available online about filing taxes as a law firm, using these resources may be risky. Getting assistance from a tax professional who stays current with legislation is your best option.

Mindful Growth with Business Advisory

Helping to ensure you are on the right path towards your financial goals can only be done when you have a complete understanding of where you’re spending money. Tracking expenses for overhead costs or other areas should be completed regularly to help maintain accuracy. Understanding how to perform these tasks effectively is critical.

Associate and Partner compensation modeling (lockstep, realization rates, books of business, etc)
Identifying the proper entity formation (proprietorship, corporation, partnership, or limited liability company) given your law firm’s growth goals and management structure
Accounts receivable management for both flat fee and billable hour clientele
Monitor revenue and collection patterns
Identifying key metrics and bench-marking to law firm industry standards and statistics
Establish best practices for your financial reporting
Escrow/Trust account management
Risk management for law firms
Budgeting, forecasting, and performance reviews
Customized monthly, quarterly, or annual financial reports
Succession and ownership transfer planning (internal installment buyouts, etc)
Assistance with ownership and transition strategies
Mergers and acquisitions

Working with Outsourced Accountants for Law Firms

Our CEO, Trevor McCandless, guides you through starting the outsourced accounting journey

Now Available for Kindle on Amazon

Download

Get Ahead with Expert Law Firm Accountants

Whether you are looking for accountants for a small or established law firm, Fusion CPA can help identify opportunities to achieve business goals, provide operational efficiency through effective workflows and processes, and increase profits for your firm.

Schedule a Discovery Call