Law Firms
Instead of using your time to try to manage all of the departments within your business, lean on our expertise to help fill in the gaps.
Accounting for Minnesota Law Firms.
Smith Schafer has provided consulting to firm partners in a variety of law firm sizes around the region for more than 45 years. Some clients have less than 10 professionals, while others have several offices around the country with hundreds of attorneys and staff. The common denominator with all our law firm clients is the goal of maximizing returns to the firm and supporting the financial needs of the firm’s partners.
Our Industry Expert Group, comprised of numerous professionals, is committed to serving over 350 Minnesota Professional Service Firms.
Specialized Law CPA Services:
- Accounting Software Consulting
- 401(k) and 403(b) Plan Audits
- Bookkeeping & Payroll
- Business Valuation
- Projections & Financial Analysis
- Technology Consulting
Why Professional Service Clients Choose Us
LET’S START THE CONVERSATION.
CONTACT US TODAY TO SCHEDULE A CONSULTATION WITH ONE OF OUR INDUSTRY EXPERTS.
PROFESSIONAL SERVICE FIRM INDUSTRY RESOURCES
Accounting Basics for the Professional Services Industry
Accounting can be complicated and is a crucial component of a firm’s operations, regardless of its size. Many growing professional service firms struggle to create well-tuned accounting processes, especially as systems need to change to support increased activity.
5 Areas Professional Services Firms Should Focus On
COVID-19 has presented various challenges for professional services firms in 2020, unlike anyone could have foreseen. We understand the professional services industry since we are part of it ourselves.
R&D Tax Credits: Easy & Effective Tax Savings
The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to reduce their tax liabilities, improve cash flow, and increase earnings-per-share. This tax credit was initially enacted in 1981 to incentivize companies to increase their investment in developing new or improved products or processes.