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Insights for law firms
Law Firm Operations
by
Paul W Carlson, CPA
Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report
In this video blog post, we outline a specialized process for utilizing a pipeline report to accurately forecast revenue and cash flow in contingency-based law firms.
Clio
by
Paul W Carlson, CPA
Creating Client Invoices in Clio
Creating Client Invoices in Clio
Clio
by
Paul W Carlson, CPA
Billable and Collected Time in Clio
Billable and Collected Time in Clio
Clio
by
Paul W Carlson, CPA
Retainer or Advance Fee or Trust Requests in Clio
Retainer or Advance Fee or Trust Requests in Clio
Law Firm Operations
by
Paul W Carlson, CPA
How to schedule EIDL loan payments from Pay.gov
Learn the ins and outs of scheduling your EIDL loan payments on Pay.gov with our straightforward guide, designed to simplify your repayment journey.
Law Firm Operations
by
Paul W Carlson, CPA
Check your EIDL loan balance, next payment due date, and payment allocation to interest and principal
In this video post, we guide you through using the SBA Capital Access Financial System website to keep tabs on your EIDL loan, including how to check your next payment due date, outstanding loan balance, and how your payments are allocated between interest and principal.
Law Firm Operations
by
Paul W Carlson, CPA
Right Number in the Right Box - Employee Evaluations
In our latest blog post, Steve Parker, CPA, demystifies the employee evaluation process by explaining what the accuracy and speed of numerical data entry can reveal about an employee's competence and fit for your company.
Law Firm Operations
by
Paul W Carlson, CPA
Prepaid Flat Fees - Tracking individual timekeeper collections and balance of outstanding work
Managing prepaid flat fees requires meticulous tracking, not just of the funds themselves, but also of individual timekeeper collections and the balance of outstanding work to be completed.
Law Firm Operations
by
Paul W Carlson, CPA
Practice Management Systems for Personal Injury Firms
This post highlights how general practice management systems may not be the best fit for personal injury firms, and highlights CASEpeer, Cloudlex, and Filevine as specialized options worth considering.
IOLTA
by
Paul W Carlson, CPA
Colorado IOLTA Trust Account Resources
This post outlines key resources for managing Colorado IOLTA accounts and recommends keeping at least $100 of firm funds in these accounts to cover fees.
IOLTA
by
Paul W Carlson, CPA
California IOLTA Trust Account Resources
Certainly, in this quick guide, we highlight the key resources we use for managing California IOLTA trust accounts.
IOLTA
by
Paul W Carlson, CPA
Arizona IOLTA Trust Account Resources
This blog post serves as a resource guide for managing Arizona IOLTA trust accounts, pointing readers to valuable tools and references.
IOLTA
by
Paul W Carlson, CPA
Keeping Firm Funds in IOLTA for Account Maintenance
This blog post outlines a specific exception that allows law firms to deposit their own funds into an IOLTA trust account
IOLTA
by
Paul W Carlson, CPA
Connecticut IOLTA Trust Accounting Requirements
This blog post offers a concise overview of the IOLTA Trust accounting requirements for Connecticut lawyers, as laid out in Rule 1.15 of the Connecticut Practice Book. It lists essential accounting elements such as General and Client Ledgers, and explains the need for a triple reconciliation summary.
IOLTA
by
Paul W Carlson, CPA
Example IOLTA Trust Account Reconciliation
In this video post, we offer a valuable resource for law firms by presenting a video overview of a complete IOLTA Trust account reconciliation—an example of which is often hard to find.
Law Firm Operations
by
Paul W Carlson, CPA
Streamlining Law Firm Finances: Automated Accounts Payable System
We help law firms pay vendor bills by automating their accounts payable process. This video provides an introduction to our processes and software tools.
Taxes
by
Paul W Carlson, CPA
S Corps for Law Firms – Self-Employment Tax Savings
Discover how opting for an S Corp tax structure can significantly impact your law firm's liability for Social Security and Medicare taxes.
Law Firm Operations
by
Paul W Carlson, CPA
S Corps for Law Firms – S Corp Costs
Navigating the financial implications of choosing an S Corp structure for your law firm involves understanding additional costs ranging from payroll services to tax preparation.
Law Firm Operations
by
Paul W Carlson, CPA
S Corps for Law Firms – Reasonable Salary
Determining a 'reasonable salary' for law firm owners operating as S Corps is a critical yet nebulous task, as the IRS provides only general guidelines.
Taxes
by
Paul W Carlson, CPA
Legal Entity and Tax Options for Law firms – Introduction
Explore the different legal entity structures and tax options available for law firms in our introductory video blog post.
IOLTA
by
Paul W Carlson, CPA
IOLTA FAQS – Are preprinted deposit slips for the IOLTA Account required?
Delve into the intricacies of using preprinted deposit slips for IOLTA Accounts in our enlightening FAQ video blog post.
Weekly Cash Forecasts
by
Paul W Carlson, CPA
Aggregating Weekly Transactions
Discover the essentials of aggregating weekly transactions for your business in our latest video blog post.
Weekly Cash Forecasts
by
Paul W Carlson, CPA
Managing Partner’s Guide to Weekly Cash Forecasts
Our latest video blog post offers a Managing Partner's guide to generating accurate and actionable weekly cash forecasts for your law firm.
Weekly Cash Forecasts
by
Paul W Carlson, CPA
Weekly Cash Forecast Introduction
A walkthrough the weekly cash forecast we create for Law Firms.
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