Law Accounting Services

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Because compliance, trust accounting, and financial clarity are not optional—they’re essential, especially when utilizing fractional CFO services and managing insurance agency accounting.

Unlike traditional businesses, law and insurance practices have a unique fiduciary duty to handle client money separately and precisely. For attorneys, a single mistake in trust accounting, such as IOLTA or escrow, can jeopardize your license. Insurance agency accounting adds another layer of complexity, as compliance with premium trust funds, carrier audits, and commission reporting makes your financial records more intricate than those of a standard small business. This is where fractional CFO services specializing in these areas truly make all the difference.

Trust & Escrow Accounting (Law Firms) – State bar rules require flawless handling of client retainers, settlements, and escrow funds, making trust accounting vital for compliance. Premium Trust Accounting (Insurance Agencies) – Carrier audits demand accurate tracking of premium flows and trust balances, which is essential for effective insurance agency accounting. Month-End Close Pressure – Reconciling accounts, retaining compliance, and preparing financials takes time away from clients, often necessitating fractional CFO services for better efficiency. Payroll Complexity – Attorneys, associates, producers, and support staff often follow different pay structures, complicating payroll management. Tax Exposure – Without planning, both firms and agencies risk overpaying federal, state, and self-employment taxes.

We provide both a la carte solutions and all-in-one packages, tailored to meet your specific needs. 

**Law Firm Accounting**  

- Full trust/IOLTA reconciliations, ensuring accurate trust accounting practices.  

- Tracking retainers, settlements, and case costs effectively.  

- Month-end close with compliance-ready reporting.  

- IRS filing and audit defense support.  

**Insurance Agency Accounting**  

- Comprehensive premium trust account management and reconciliation.  

- Carrier commission tracking and revenue recognition for streamlined operations.  

- Support for general liability payroll audits.  

- Compliance-ready month-end and year-end close procedures.  

**Fractional CFO & Advisory**  

- In-depth profitability analysis by case, practice area, or policy line, leveraging our fractional CFO services.  

- Budgeting, forecasting, and financial dashboards for better decision-making.  

- Strategic guidance for growth, acquisitions, or exit planning.  

**Payroll Services**  

- Payroll management for partners, associates, producers, and staff.  

- Handling complex pay structures: salary, commission, or hybrid pay models.  

- Ensuring compliance with overtime, benefits, and tax reporting requirements.  

**Tax Planning & IRS Filing**  

- Proactive tax strategies designed to reduce liability effectively.  

- Accurate and timely IRS, state, and local filings.  

- Representation and audit support available when needed.

A La Carte – Choose only the services you need: trust reconciliations, tax filing, or payroll tailored for your insurance agency accounting needs. 

All-in-One Packages – Bundle bookkeeping, fractional CFO services, payroll, and tax planning into one seamless solution. 

Custom Plans – Scalable support designed to grow with your firm or agency, ensuring effective trust accounting as your business expands.

100% Compliance – We maintain a zero tolerance for trust accounting errors, ensuring your peace of mind. 

Audit-Ready Books – Our insurance agency accounting services provide confidence in front of bar associations, carriers, and the IRS. 

Financial Strategy – Access fractional CFO services that offer insight without the need to hire full-time staff. 

Time Savings – Focus on your clients while we expertly handle the numbers. 

Tax Efficiency – Keep more of what you earn through proactive planning and our specialized approach to insurance agency accounting.

Your work protects people’s rights, businesses, and futures. Our work, including our fractional CFO services, safeguards your financial reputation. Whether you require a single service or a comprehensive financial package, we ensure your accounting—whether it’s for your insurance agency accounting or trust accounting—is accurate, compliant, and strategic. 

Schedule your consultation today and discover how our team can safeguard your practice’s financial health.