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Your Law Accountant

It’s crucial to choose a law accountant who can proactively minimize your tax burden by up to $1M/year, while helping you to grow your profits.

	Increase profitability
	Upfront fixed fee
	Proactive and innovative

Top Law Accountant Platforms

The Importance of a Specialized Law Accountant

60%

of small business owners have limited financial
knowledge

According to Accountancy Age, the biggest fear for small business owners handling their own accounting is making a mistake. This is probably because 60% of small business owners have limited knowledge when it comes to the financial and accounting aspects of their business.

98%

of small business owners who have an accountant feel more confident about their business

Nine out of ten small business owners believe that their accountant plays a key role in the success of their business. In fact 10 out of 10 of the small businesses who have a CPA say other businesses should get one too and 98% said their accountant gives them more confidence in their small business.

44%

of business owners believe their accountants are more reactive than proactive

A large portion of small business owners don’t feel their accountants are coming through for them. For example, 44% claim their accountants are more reactive than proactive, with 36% experiencing timeline issues, 32% lacking sufficient guidance, 29% feeling their accountants don’t offer advice, and 23.6% not being adequately educated by their accountants.

We’ll Integrate with Your Cloud Accounting Software

Law Data Management Regulations You Need to Know

Data management regulations are essential in law to ensure the protection of sensitive client information, maintaining confidentiality and compliance with legal standards. They also help prevent data breaches and ensure transparency and accountability in legal processes, safeguarding both clients and firms from legal and ethical risks.

GAAP, Generally Accepted Accounting Principles

Generally Accepted Accounting Principles (GAAP) are a set of standardized guidelines for financial accounting and reporting in the U.S. GAAP ensures consistency, transparency, and comparability in financial statements, covering areas like revenue recognition, expenses, and disclosures, crucial for informed decision-making by stakeholders.

Interest on Lawyer Trust Accounts (IOLTA)

Interest on Lawyer Trust Accounts (IOLTA) are specialized accounts where lawyers hold client funds separately from their own. The interest earned on these accounts is used to fund legal aid for low-income individuals and support justice-related programs. Lawyers cannot benefit from the interest themselves.

GATS/International Agreements

GATS (General Agreement on Trade in Services) is a World Trade Organization (WTO) treaty that governs international trade in services, including legal services. It establishes rules for cross-border trade, ensuring fair competition and transparency. International agreements like GATS facilitate the movement of services, including legal practice, across countries, promoting global cooperation and market access.

How Do We Save You $10K+ to $1M+ in Taxes?
Using Our “Tax Planning” Strategies

The Tax Plan For Current Year & Beyond	✓
Deduction Review & Strategy Planning	✓
Legal Entity Optimization Across LLC, S Corp, Partnership	✓
Retirement Options To Save While Minimizing Taxes	✓
Insurance Review To Protect Assets & Reduce Taxes	✓
TCJA, FFCRA, CARES Review For Liability Minimization	✓
IRS & Court Case References Support Positions	✓
Core Strategy Implementation	✓
Business Tax Preparation	✓
Quarterly Estimated Payments	✓
Quarterly Core Tax Planning & Implementation	✓
Quarterly 1-On-1 Review Tax Position	✓

Looking for More Advanced Strategies?

Asset Protection

Tax-Advantaged Wealth

Exit & Capital Gains

Niches Specific

International

Your Financial Partners

With 27 years of experience, we specialize in best-in-class tax minimization strategies, personalized advisory, and technology-driven efficiency.

We formed Accountant Partners so business owners like yourself would receive partner-level value in accounting, reporting, and strategic advisory, providing real-time insights that help minimize your tax burden and maximize profitability.

Our holistic approach ensures quality-consistency, efficiency, and peace of mind communication, allowing you to focus on what you do best.

As your trusted partner, we aim to build a strong, long-lasting relationship to grow your business profitably and create a long lasting advantage towards continuous success.

Allan Bayer | Accountant Partners
Partner

Trusted by Business Owners

Lauren Thompson | CEO

"Accountant Partners have been helping me file my taxes for the last several years, including my complex business taxes for a multi-state business. I'm extremely happy with their services and they have worked hard to find ways to save my money. I highly recommend them!"

Will Elroy | Business Owner

"One of my business partners referred me to Accountant Partners a couple of years ago. They've been filing my business taxes as well as providing me with some financial growth and CFO services. They are a small team yet extremely knowledgeable on small business taxes. They were immediately able to identify ways for me to save money, via some deductions I hadn't been taking advantage of and some other general recommendations. I highly recommend them to any small business owner looking to take their business to the next level."

Georgine Correa | President

"Doing my own business taxes was getting complicated, messy, and stressful. Mine became even more complicated during the pandemic and I was going crazy dealing with the IRS. Then I found Accountant Partners and they have been a tremendous help! Their CPAs are very personable and give high-quality service I haven't seen anywhere else. I highly recommend them for other struggling business owners!"

We Strive for World Class Service

Call/Email Response Within 24 Hrs

Schedule of Service Delivery

Upfront Fixed Fee

Law Accounting Experts

Multiple Points of Firm Contact

Proactive CPAs

Constantly Innovating!

Switching Accountants Is Easier Than You Think

Switching accountants only seems like a major pain in the butt…
But in reality, it’s a brief communication with your current accountant:

“It’s time for a new direction. Please send my books over to Accountant Partners. Thank you for your service.”

Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

Fixed Price

The Only CPA Firm with a Pricing Guarantee

Our pricing guarantee is simple: If we don’t quote you upfront for the work, we don’t expect you to pay. Whether that’s in our first engagement with you, or it’s in 20 years from now.

You’ll never receive an unpleasant surprise in our invoicing.

Our guarantee makes it a no-brainer to work with Small Business Accountant Sarasota.

Book Your Free Consultation

If you’re looking to grow your business and willing to listen to new and better ideas, then we’re the trusted Small Business Accountant for you.

During our initial consultation, we’ll review your immediate needs and provide a course of action with a fixed-fee quote (no surprise bills here).

FAQs

How does accounting for law firms differ from other types of accounting?

Attorneys often handle client funds more frequently than in many other industries, requiring law firm accountants to dedicate significant time to tracking incoming and outgoing money. They must manage the allocation of funds to clients, courts, and third parties while ensuring compliance with ethical regulations that govern financial practices within the legal profession.

Do law firms need an accountant?

Every law firm, regardless of size, needs a trained professional legal accountant or an accounting department to manage various expenses, handle trust funds, and ensure all transactions are conducted ethically and accurately. Their expertise becomes particularly crucial during the settlement of a client’s case.

What are the major roles of accountants in law firms?

Accountants for law firms manage financial operations, including budgeting, trust account oversight, billing, and compliance with legal regulations. They also provide financial analysis and support for audits, ensuring the firm’s financial health and adherence to ethical standards.

Why is accounting important for lawyers?

Accounting is crucial for lawyers because it ensures accurate financial management, compliance with legal and ethical regulations, and proper handling of client trust accounts. It also helps lawyers track expenses, manage cash flow, and make informed business decisions, protecting both the firm’s financial health and client interests.