what we offer
Accounting, Bookkeeping & Payroll
Accounting, Bookkeeping & Payroll
Accounting, Bookkeeping & Payroll
Our team of CPA’s, accountants and bookkeepers have many years of experience in accounting for law firms, ensuring that your books are accurately maintained in line with Law Society of Ontario’s (LSO) By-Law 9. We understand the unique accounting requirements for law firms and provide tailored solutions. This will include monthly bookkeeping and reconciliation, financial statements preparation and full cycle payroll service.
Corporate Tax & HST Filing
Accounting, Bookkeeping & Payroll
Accounting, Bookkeeping & Payroll
Our corporate tax services and HST filing services are specifically tailored for law firms. We help you optimize your corporate tax position, and our experts ensure timely and accurate filing to maintain compliance.
Financial Advisory & Consulting
Accounting, Bookkeeping & Payroll
Financial Advisory & Consulting
Our financial advisory services support lawyers in making informed financial decisions. Our experts offer insights and recommendations to enhance your firm’s financial performance.
We also offer guidance on investments, budgeting, and financial planning to secure your firm’s future.
Monthly Trust Reconciliation
Monthly Trust Reconciliation
Financial Advisory & Consulting
Trust accounts are a critical aspect of legal practice. We offer monthly trust reconciliation services, ensuring compliance with the Law Society of Ontario requirements and safeguarding against discrepancies.
Audit Support
Monthly Trust Reconciliation
Clio Partnership
We assist our law firm clients to navigate Canada Revenue Agency (CRA) audits which may include a payroll, HST and/or business audit. We also assist law firms in preparing for and navigating through LSO audits.
Clio Partnership
Monthly Trust Reconciliation
Clio Partnership
As Clio partners, we can assist in selecting and implementing Clio's legal practice management software, ensuring that your firm has the tools necessary for efficient financial management and client relations. Clio is the industry’s most recognized provider of cloud-based legal software—recommended by 90+ bar associations and law societies worldwide.
Law Society of Ontario spot Audits
Law Society of Ontario Audits
The LSO may from time to time carry out an audit as part of the Spot Audit Program. This involves examining a law firms financial records and an in-depth review of client files. Although a significant number of spot audits are selected at random, there are other circumstances which may also trigger an audit, including (but not limited to):
- failure to submit the Annual Report Filing with the Law Society
- newly formed law firms to ensure compliance
- identification of inadequacies during a previous spot audit
- information on the Annual Report Filing, which suggests non-compliance with the LSO's record-keeping provisions or Rules of Professional Conduct
Our experts, who are well experienced with audits will ensure that your firm meets the compliance standards and is well prepared for the audit. We will guide you through the audit process.
