There are only two ways to increase your firm’s profitability: bring in more revenue or reduce your expenses. While this may seem obvious, many firm owners focus almost exclusively on the first path while paying insufficient attention to the second.
Accounting & Bookkeeping
The Foundation of Law Firm Profitability: Practical Systems That Actually Work
When attorneys think about profitability, the conversation often jumps straight to billable hours and client acquisition.
Year-End Checklist for Law Firms: Getting Your Books Ready for the New Year
With the right preparation and systems in place, year-end accounting doesn’t have to be overwhelming.
Webinar: Basics of Law Firm Accounting
KORE partnered with Clio to present a series of webinars to the legal community centered around accounting for law firms. Following is a link to a recording of one of the webinars…
1099 Guidelines for Attorneys and Law Firms
With the New Year around the corner and the January 31st 1099 submission deadline looming, we wanted to put together this resource to help solo attorneys and small law firms identify which vendors may require 1099s, as well as share best practices for staying compliant with 1099 guidelines.
Best Practices for Deducting Business Meals
While most business owners know that one of the perks of owning a business is the ability to deduct your business-related meal expenses, in practice, meeting the IRS’s requirements….
Video: Inna & Mark on Share the Law-ve Podcast – Tips, Insights, and Suggestions for Closing out the Books
where they provided their tips, insights, and suggestions for closing out a year’s books efficiently and effectively. Find more episodes of Share the Law-ve wherever you get your podcasts! …
Paycheck Protection Program Flexibility Act (PPPFA) brings updates for small business borrowers
If you are in charge of one of the nearly 5 million American companies that has received funds as part of the Paycheck Protection Program (PPP) or…
New 1099/1096 Due Date!
Over the last several weeks, we have received a number of inquiries about the IRS changing the submission deadlines for 1099/1096 forms to January 31st for both the independent …
Utilizing Technology to Streamline Tax Form Filing
KORE Accounting Solutions was highlighted in online accounting publication, Insightful Accountant, for one of the many ways we utilize technology to better serve our customers…