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How to Improve Law Firm Profitability: Optimize Operational and Financial Metrics 

Anders CPA

With rare exceptions, the practice of law is a business, and legal services are a product. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions. To improve law firm profitability, think of your firm as a manufacturer. The reliability of your financial statements is key.

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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

Legal fees, office deposits, and other large one-time purchases can distort your burn rate and runway calculations. Accountants operate on a higher level. Theyre well-versed in GAAP (Generally Accepted Accounting Principles), help navigate differences between cash and accrual accounting, and help startups design equity structures.

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IRS Audit Defense & Representation: Expert Protection with Mike Habib, EA

MyIRSRelief

Professional representatives understand how to research and present legal arguments that support taxpayers’ positions while addressing IRS concerns about compliance and tax collection. Procedural challenges involve questioning whether IRS examination procedures comply with legal requirements and taxpayer rights provisions.

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Professionals on the Move – June 2025, Part III

CPA Practice

Bio ) As first deputy general counsel, Foster is responsible for the operations of the general counsel’s office and helps lead a team of experienced attorneys advising on a broad range of firm-wide legal matters. He is also knowledgeable in generally accepted accounting principles (GAAP) and SEC rules and regulations.

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Demystifying Government Contract Requirements: A Guide for New Businesses.

SMBAccountant

Attention to detail, alignment with legal requirements, and effective communication are crucial aspects of navigating government contracts, contributing to successful and compliant contractual engagements. When reviewing a government contract, the basic sections include: 1.

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Financial vs Tax Accounting

SMBAccountant

Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.

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Construction Accounting Concepts You Can Benefit From Today

Randal DeHart

But with so many accounting principles and practices, it can be challenging to know where to start. This guide will break down the essential accounting principles that every small business owner should know. Why Are Accounting Principles Important for Construction Businesses? That's where we come in!