Tax & Accounting Experts for Attorneys, Lawyers and Law Firms

From multi-partner law firms that employ a sizable staff to local sole proprietors, we offer accounting and tax services that can be customized to suit the needs of your particular practice.

Tax Issues for Legal Businesses

Business Structuring for Legal Businesses

Set up the business as an LLP or Professional Corporation? Corporation structure for a limited partnership: only lawyer can be shareholder – ask us. Set up separate corporations for management of the company, and legal segment of the company. Ask us.

Business Structuring for Legal Businesses

Tax deductible expenses include:

  • Home office and office expenses
  • Automobile expenses
  • Memberships and Professional Fees
  • Referral Fees
  • Professional Insurance
  • Courses – You can include your tuition expense as a tuition credit on your personal tax return (Schedule 11, to be more specific). or you can include your tuition expense as an actual Expense on your personal tax return (T2125) – ask us.
  • Software and licences
  • Gift and meals to clients
  • Accounting

Accounting Issues for Legal Businesses

  • Trust account tracking – use proper trust account tracking software.
  • Use a Cloud-based Accounting System, ask us about your options.
  • Be aware of audits by Law Society.
  • Work-In-Progress needs to be reported as income in correct way – ask us
  • Salary, dividends or owner drawings? – ask us

Accounting Plus Testimonials

Accounting Plus Testimonials

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Trusted Accountancy For Over Two Decades

  • The Accounting Plus is our medical business' financial company which provides us with accounting, financial planning, and tax planning services. The w... Read More
  • I've been working with Peter Edrey and his people at Accounting Plus for about 18 years. Just like any relationship, things are not perfect 100% of th... Read More
  • Cannot say enough good things about Peter and his team. Knowledgable, efficient and responsible are just some of the adjectives to describe them!!
  • I am working with accounting plus since 1996, when it was a one man office ( Peter ). Well I have only good words to express my satisfaction from the... Read More
  • Business returns always done professionally with attention to detail. Keep up the good work

Start Growing Your Business Today

Speak with one of our accounting and tax specialists and discover how we can help grow your business.