Blog Category: Tax

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What to Expect When Paying $1,000+/Month for Accounting & Tax Support?

Executive Summary & Key Points The Big Picture Many solo and small law firms pay between...
Tax planning for law firms making over $1 million

The Best Tax Strategies for Law Firm Owners Making Over $1M

Executive Summary The Big Picture When a law firm owner earns over $1 million, taxes become...
Law firm owner reviewing quarterly tax payments, bookkeeping, and tax projections to avoid falling behind on estimated taxes.

Why Law Firm Owners Fall Behind on Quarterly Tax Payments

Executive Summary Quarterly tax payments are a common problem for law firm owners because law firm...
Tax advisor reviewing law firm financial reports to help a small law firm owner plan ahead before tax season

Tax Preparer vs Tax Advisor for Law Firms

The Big Picture Many small law firm owners think tax work starts when the return is...
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Tax Strategy Planning for Law Firm Owners: How to Reduce Taxes All Year Long

Executive Summary & Key Points The Big Picture Many law firm owners think about taxes only...
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Why Cheap Payroll Services Can Cost Solo and Small Law Firms Thousands in IRS Penalties

Executive Summary & Key Points The Big Picture Many solo and small law firm owners choose...
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Could You Be Entitled to an IRS Penalty Refund?

Understanding Kwong v. United States The COVID-19 pandemic created years of confusion, delays, and administrative disruptions...
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The 5 Best Tax Deductions for Solo Attorneys

Executive Summary & Key Points The Big Picture Most solo attorneys are not overpaying taxes because...
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How Much to Set Aside for Quarterly Estimated Taxes

Quarterly estimated taxes are one of the biggest stress points for small business owners. You work...