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Law Firm Tax Accounting

Tech Tip #168: The End of The Year Is Near, Put Your Firm In The Best Spot For Taxes

Here we are in October, and before you know it we’ll be staring down December and the end of the year. Like many firms, you’re probably getting your financials in order. Remember to pay any outstanding bills before the end of 2017! Your vendors will be thrilled, but you’ll also be able to take the associated deductions come tax time (as most law firms do cash basis accounting). To learn more about tasks that your law firm should complete before the end of this year, download the 2017 Year-End Accounting Checklist for Law Firms

CosmoLex Team