Tax & Accounting Solutions for Law firm 

We have experience servicing several law firms in Sydney with their Tax & Accounting Solutions.

We have set up business structures for new lawyers entering into business. We have also helped law firms re-structure their practice with the aim of admitting new partners and acquiring other firms.

The key challenge we Often see in this sector is re-structuring a business which from its start-up phase have flourished into a partnership of several legal practitioners. It is common for lot of legal start-ups often starts as a sole-trader or a common company structure, but as the business grows and matures, the initial structure is often not sustainable for tax and risk management perspectives. We can assist with re-structuring. 

You might think, how is accounting for lawyers any different from accounting for other professionals? For example, our understanding of how partnerships work enables us to give strategic, actionable insights to help you maximize the commercial potential of your firm, as well as stay steady from a future point of view. We also offer services in business advisory for law firms to support you in your work. Our accountants also help you watch out for and avoid some of the most common tax mistakes made by lawyers, so that you never need to stress about this aspect. We also are known as Accountant for Lawyers. 

All consultations are confidential, especially when we are dealing with sensitive information in  legal accounting sector.