A lump sum retainer agreement is a great way for marketing and creative agencies to streamline payments from clients. As the lawyer performs work, such as drafting documents or conducting research, their hourly fees are drawn from the IOLTA account. Expenses like court filing fees or expert witness fees are also paid from this fund. […]
Bookkeeping
This can be useful if the comparable companies in your set have widely varying percentages of recurring revenue, and you want to normalize their performance. If we had this monthly or quarterly information, we might base the ARR on these shorter periods and annualize each period’s results to calculate the ARR over time. One challenge […]
Where LEAP really shines is its comprehensive library of state and federal forms (document automation). With that clarified, let’s take a look at our list of top legal accounting software for law firms. These are applications that (in most cases) focus on the specific accounting needs of law firms (such as trust accounting), or general-purpose […]
We ensure our clients’ compliance with tax laws while leveraging various strategies to optimize their tax positions. Our thorough understanding of the tax code, coupled with our dedication to staying abreast of regulatory changes, allows us to provide top-tier tax preparation services. Our team of experienced professionals is well-versed in the intricacies of personal tax […]
When considering accounting solutions for your startup, the choice often boils down to hiring full-time, in-house accountants versus outsourcing. In-house accountants can offer the advantage of being more integrated into your business, with the ability to respond quickly to financial issues as they arise. They can develop a deep understanding of your specific business environment, […]