Comprehensive financial statements include three reports 1) the income statement, 2) the balance sheet, and 3) the statement of cash flows. Law firm accounting requires an in-depth understanding of how to manage funds held on behalf of clients in trust or IOLTA accounts. Rule 1.15 of the ABA’s Model Rules of Professional Conduct provides guidance […]
Comprehensive financial statements include three reports 1) the income statement, 2) the balance sheet, and 3) the statement of cash flows. Law firm accounting requires an in-depth understanding of how to manage funds held on behalf of clients in trust or IOLTA accounts. Rule 1.15 of the ABA’s Model Rules of Professional Conduct provides guidance […]
With such short notice–and since I don’t constantly monitor my email box during the day–I was not able to upload on time and then had to file on paper. As a result of this, the filing is now delayed and our 2022 taxes are not yet transcribed. My wife is going through a naturalization process […]