Law Firm Accounting Services
We provide specialized accounting and tax services for small and mid-sized law firms, including:
- Law firm bookkeeping (designed around your practice management system)
- Trust/IOLTA accounting and 3-way reconciliations
- Partner compensation, equity, and draws planning
- Law firm payroll & contractor payments
- Law firm tax planning (entity structure, partner distributions, estimated taxes)
- Year-end business and owner tax preparation
- Multi-entity and multi-state firm tax compliance
- Budgeting, forecasting, and cash flow planning for law firms
- KPI dashboards (realization, utilization, WIP, and profitability by practice area)
- Clean-up projects for messy or behind books
- Sales and use tax (where applicable), plus local filing requirements
If your firm has at least 5+ team members and $750K+ in annual revenue, we can help you build a financial system that actually supports your growth instead of holding it back.
Our Proven Approach to Law Firm CPA Services
Why Choose Cloud Accounting Group for Law Firm CPA Services
We aim to be your end-to-end finance department, from day-to-day bookkeeping and trust accounting to long-term tax strategy and profit planning. But we don’t just “do the books.” A huge part of our value is ongoing, unlimited support so your partners always know where you stand financially and what to do next.
When you search for “law firm accountants near me,” you’ll see plenty of generic options. Here’s what makes our approach different, and why firms stay with us year after year.
We do things this way because it gives you maximum benefit with minimum hassle. Everything we build is designed to grow with your firm. As you add partners, staff, and new practice areas, your financial systems and tax strategy evolve right alongside you.
You’ll get 24/7, real-time access to your numbers through the cloud and simple reports that actually make sense to non-accountants. And because we don’t outsource anything, you always know exactly who’s touching your books and your IOLTA. Our team is based in the United States and understands the nuances of U.S. law firms.
Most importantly, we operate on transparent, flat-fee pricing, no surprise hourly bills. You’ll see clear packages, options, and what’s included up front. No hidden fees. Ever.
Frequently Asked Questions
We have extensive experience working with law firms of all sizes, from solo and small practices to growing multi-partner firms. We understand the unique financial and tax challenges of:
- Business and corporate law firms
- Litigation and mass tort practices
- Real estate and transactional firms
- Family law, estate planning, and other specialty practices
We know the difference between generic small-business accounting and true law firm accounting: IOLTA compliance, fee-sharing, advanced retainers, contingency fees, WIP, and revenue recognition. Our job is to help you stay compliant, profitable, and prepared at tax time—without asking you to become a part-time accountant.
Yes. Trust/IOLTA compliance is one of the core reasons law firms choose us.
- We follow state bar rules for client trust funds
- Perform proper 3-way reconciliations (bank, client ledger, and trust ledger)
- Help design workflows for retainers and settlements
- Ensure separation of operating and trust funds
Our goal is simple: you should never have to worry about a trust-accounting issue putting your license, or your reputation, at risk.
We can work either way. Some firms bring us in to fully replace their accounting and tax provider. Others keep their CPA and bring us in for:
- Day-to-day bookkeeping
- Law-firm-specific reporting and KPIs
- Cleanup and systems design
On your introductory call, Tony will walk through your setup and help you decide what makes the most sense.
Absolutely. We help firms:
- Build realistic forecasts
- Plan draws and bonuses
- Model hiring and investments
- Understand how decisions affect taxes
If you’re a law firm owner with vision and ambition, but you’re worn down from trying to juggle client work, staff, trust accounting, and taxes, we invite you to book a call.
Once we learn more about your firm, we’ll show you exactly how we can support you as your dedicated law firm accounting and tax advisory partner.
