Legal

Spend more time working billable hours and bring in higher revenues for your firm.

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

Xero Online Gold Partner

Xero Online Accounting Software

Operate more efficiently and have more time to focus on your business. Find out why over 300,000 people worldwide have moved to Xero’s online accounting solution.

Xero Online Accounting Software

Xero Key Features

  • Invoicing Made Easy
    Not only can you create professional recurring invoices in Xero, you can also keep track of when they are opened.
  • Value For Money
    Xero reduces your upfront business costs with free upgrades and access for an unlimited number of users all at an affordable monthly fee.
  • At-A-Glance Dashboard
    With just one click, you can see your bank balance, invoices, bills and expense claims, without having to log onto various websites.
  • Automatic Bank Reconciliation
    Xero imports and categorizes you latest bank, PayPal and credit card transactions so reconciliation is just one click away.

Trusted Accountancy For Over Two Decades

  • The team at Accounting Plus Financial has been amazing! We are a very long-time client of theirs and they are always going above and beyond to help us... Read More
  • Despite having some unique accounting needs, the team at Accounting Plus has consistently delivered excellent, professional service and at a very reas... Read More
  • I’ve been doing my accounting with Accounting Plus for the last 20 years and have to say they are the best. I know that my numbers are right because... Read More
  • Peter Edrey and accounting plus has been such a positive experience for my taxes and accounting needs. Being new to business ownership 2 yrs ago, I s... Read More
  • Accounting plus been my accounting firm for the past 32 years . Peter and his team always there for me to take the time And explain any type of tax wi... Read More

Start Growing Your Business Today

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