CPA Services for Law Firms
Law firms have accounting requirements that differ from typical businesses: client trust accounts, partner compensation structures, and professional ethics obligations. We provide CPA services that account for these distinctions.
CPA-Led Service
Licensed CPAs handle your engagement.
NJ & PA Expertise
Deep knowledge of both state systems.
Professional Confidentiality
Your information is handled with professional confidentiality.
Common Challenges for Law Firms
If any of these sound familiar, you may benefit from CPA-level guidance:
- Trust account compliance and reconciliation requirements
- Partner compensation and draw structures that minimize tax
- Cash vs. accrual method decisions for legal practices
- Work-in-progress valuation and billing timing
- Retirement plan options for partners and employees
- Lateral partner transitions and capital account management
How We Help Law Firms
Our services adapt to the specific realities of your business. Here is how we typically work with law firms:
Tax Preparation & Planning
We prepare partnership or S-Corp returns for law firms and help partners with individual returns that properly report practice income and self-employment obligations.
Trust Account Review
We can review trust account reconciliations and help ensure your accounting system properly segregates trust and operating funds. We do not replace your ethics obligations but can support your compliance efforts.
Financial Statements
We prepare income statements and balance sheets that help partners understand firm performance and satisfy bank or insurance requirements.
Partner Tax Coordination
We can work with your partners on estimated payments, retirement contributions, and individual tax planning that coordinates with firm-level decisions.
Relevant Services for Law Firms
These services are particularly relevant for clients in your industry:
Tax Preparation
Accurate federal and state tax returns for businesses and individuals
Learn more →Tax Advisory
Strategic tax planning to minimize liability and maximize savings
Learn more →Financial Statement Preparation
Clear, accurate financial statements for decision-making and compliance
Learn more →Small Business Accounting Advisory
Ongoing accounting guidance tailored to your business needs
Learn more →Serving Law Firms in NJ and PA
From our Phillipsburg, NJ office, we work with law firms throughout the region. We understand both New Jersey and Pennsylvania tax requirements and can serve clients on either side of the state line.
600 Avenue A, Phillipsburg, NJ 08865
Areas We Serve
Common Questions
Common questions about our services for law firms.
We work with law firms and understand the key differences from other businesses, including trust accounting, partner structures, and billing practices. We are not exclusively a legal industry firm, but we bring relevant experience.
Have more questions? Contact us
Other Industries We Serve
We work with clients across a range of industries with distinct tax and accounting needs.
Ready to Get Started?
Schedule a consultation to discuss your tax and accounting needs.
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Office Location
600 Avenue A, Phillipsburg, NJ 08865
Phone
908-859-6530Office Hours
Monday–Friday, 8:30 AM – 4:30 PM
After-hours appointments available