CPA Advisory for Law Firms & Consultancies
Partnership taxation, partner compensation models and profitability reporting for established law firms and consulting practices.
Partnership Taxation
Optimizing Subchapter K & Partner Equity Structures
High-earning legal and consulting partnerships require careful tax planning to protect distributions and limit tax drag on the firm. We specialize in partnership taxation under Subchapter K: partner equity models, capital account maintenance and multi-state allocations. Partners receive accurate K-1s, and the firm retains the working capital it needs to grow.
Differentiators
Built for Firm-Level Profitability
Professional partnerships are highly sensitive to overhead and realization rates. We build the reporting that protects partner distributions.
Practice Area & Matter Profitability Accounting
Detailed reporting on realization rates, billable hours against overhead, and margins by practice group or partner, revealing the true drivers of firm profitability.
Partner Buy-In, Buy-Out & Succession Structuring
Equitable valuation formulas and succession plans for retiring partners, incoming partner buy-ins and tax-efficient transitions.
IOLTA Compliance & Cash Flow Optimization
Streamlining financial workflows, supporting trust account (IOLTA) compliance and improving cash flow to reduce overhead.
Matter Margins & Realization Reporting
Profitability in professional services depends on margins by matter and realization by attorney. We connect your time and billing data to your accounting, revealing which clients, matters and practice groups drive profit and where write-downs are eroding it.
Elevate Your Firm’s Financial Strategy
Request a consultation to review your partnership tax structure, trust accounting and partner compensation.