Law firm accounting

CPA for Law Firms in California

SmartBooks CPA helps law firms and solo attorneys with tax planning, monthly bookkeeping, estimated taxes, entity planning, and financial summaries.

Law firms need clean books and careful tax planning

Attorneys and law firms often manage retainers, case costs, payroll, contractors, bar dues, software, continuing education, and professional liability insurance. Clean monthly accounting makes tax planning and owner decisions easier.

SmartBooks CPA supports firms that want organized financials and practical CPA guidance throughout the year.

Accounting services for law firms

Bookkeeping cleanup

Organize old transactions, software categories, reimbursements, and uncategorized costs.

Monthly accounting

Review revenue, expenses, reconciliations, and open questions each month.

Tax planning

Review estimates, deductions, entity structure, and year-end planning before deadlines arrive.

Financial summaries

Get high-level monthly reporting so profitability and cash flow are easier to see.

Law firm FAQ

Can SmartBooks CPA handle trust accounting?

Trust accounting rules are highly specific. SmartBooks CPA can help with general tax and business accounting, and firms should follow applicable bar and legal compliance requirements for client trust accounts.

Should a solo law firm consider an S-Corp election?

Possibly, but it depends on profit, payroll, reasonable compensation, filing costs, and administrative complexity.

Why is monthly accounting useful for law firms?

It keeps expenses, owner draws, payroll, tax estimates, and cash flow visible before year-end.