Successful law firm partners know the importance of having an experienced advisor on their team that can provide more than just basic accounting services. That’s why law firms, law practitioners, and related professionals within the legal industry turn to Abedian + Totlian for their accounting, tax, and law firm management needs. Whether you are a small or an established firm, our expertise and resources can help you grow your practice and can offer the guidance you need to reach your business goals. In conjunction with Clio, a leader in practice management and billing, Abedian + Totlian can help your firm be more profitable.
With many years within the industry, Abedian + Totlian will take over your law firm’s accounting giving you the peace of mind you need to run a successful practice. Law firm accounting requirements are very specific and differ from other industries. One major difference is trust accounting, which needs to be accurately and ethically maintained. In addition to IRS requirements, law firms have to be state bar compliant, and while trust accounts aren’t reported on the firm’s tax return, they still need to be meticulously maintained. Law firm partners and owners need to know the importance of being in compliance with all boards and agencies, and working with Abedian + Totlian is added peace of mind.
Abedian + Totlian works hard to reduce tax obligations for law firms and lawyers; our tax services are designed to reduce your law firm’s tax liability and increase your bottom line. Our tax planning and business structuring will help make sure your firm has the proper framework to be successful. We assist with keeping your law firm in compliance with 1099 reporting, which can be complicated and confusing. We understand the reporting requirements depending on the kind of law you practice and what clients you serve, making 1099 reporting stress free. Law firms know they are in good hands with Abedian + Totlian, so they can focus on the needs of their clients instead of their taxes.
There is only so much time in the day to be the attorney, run the practice, see clients, go to court, attend mediations, go to meetings, and still have time for any kind of personal life. When you’re a small law firm owner, hiring a law firm manager to help relieve some of these day to day operations may not be in the budget. Abedian + Totlian takes the management part off of your plate, so you can focus on your clients. Utilizing the latest technology, we team up with you to make sure your law firm runs smoothly, help you develop procedures, assist with billing, and help manage your staff from wherever you are so you don’t have to be in the office. Working with cloud based software, Clio, we help you implement operational improvements, and develop cost effectiveness so you can run a more efficient practice.