Law Firms | Specialized services

Feeley & Driscoll's specialty accounting and consulting services for law firms include:

Audit and Accounting:
Review of internal controls and operating systems
Financial statement presentation and interpretation
Retirement and employee benefit plan audits
Revenue recognition issues
Operational and efficiency audits

Financial Management:
Short-term and long-term budgeting
Client Fund, IOLTA Account and Trust Controls
Reimbursable Expense Management
Benchmarking and industry trends
Financial analysis and recommendations
Assistance with staff hiring and fee arrangements
Management reporting systems review and recommendations
Profitability analysis by practice area or department
Accounts receivable and collections management

Strategic and Business Planning:
Business form alternatives
Shareholder agreement plan provisions: admittance and termination of new partners
Incentive compensation arrangements
Mergers, acquisitions and sales of companies or business units
Long-term strategic plan and alternatives
Systems advice regarding benefits vs. cost of new technology
Capitalization and continuity issues
Profitability maintenance and growth

Tax Services:
Tax planning for year-end
Updates on changes in trends or laws
Sales and use tax audits
Reimbursable client costs
State taxation issues
Multi-state payroll issues and advice
Retirement planning and advice
Individual owner planning and advice
Preparations of tax returns
Financial and estate planning and advice

Marketing Plan Development:
Firm image and positioning assistance
Creation and implementation of a formal plan
Review and advice on best use of marketing dollars
Develop appropriate tracking system and accountability systems

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