We’re Accountants for Lawyers
As experienced accountants for lawyers and other legal professionals, New Wave Accounting & Business Advisory offers comprehensive services tailored to both emerging and established law practices. From initial business structuring, financial planning, to expansion strategies, we provide tailored services and support.
Schedule a free call with a friendly member of our team, or contact us online to learn more about our services and how we can help.
About Accounting for Lawyers
Law practices offer a unique combination of professional service delivery and complex financial management. Running a law firm can come with unique financial requirements you may need accounting and bookkeeping services to support you.
Starting and operating a law practice includes financial aspects like:
- Trust accounting
- Compliance with legal industry regulations
- Tax obligations specific to legal services
- Managing cash flow and client funds
Accounting services for lawyers can help you navigate these, ensuring financial health and compliance – setting the framework for profit and growth.
How our Accountants for Lawyers Help
Structuring your law practice
If you’re interested in owning or running a law practice, our accountants for lawyers can help. We focus on determining a business structure that is focused on tax efficiency, legal compliance, and long-term stability and growth for law firms.
Growing your law practice and maximising profit
For legal practices, stability and sustainable growth are important. Our team can help you achieve this with strategic planning, budget management, and resource allocation. Our accountants for lawyers will work with you to create a tailored growth strategy, optimise your cash flow, and find tax advantages applicable to legal services.
Our Accounting Services for Legal Practices
Law firm business structuring
We offer customised business structuring advice to align with the unique needs of legal practices, ensuring compliance and tax efficiency. Understanding the intricacies of law firm operations, we guide you on the best structures for liability protection, tax optimisation, and operational efficiency.
Bookkeeping for legal practices
Our accountants provide bookkeeping services to businesses across the country, with a focus on law firms. With bookkeeping for legal practices helps ensure accurate financial tracking and reporting, which is essential for managing client funds and trust accounts.
Review and advisory on legal accounting and tax returns
We conduct thorough reviews of your legal practice’s financial statements and tax returns, offering expert advice to optimise your financial health. Our team stays on top of the latest tax laws and regulations affecting the legal industry, ensuring your practice remains compliant while maximising financial opportunities.
Business coaching and advising for lawyers
Running a law practice can be challenging, with unique dynamics in client management and service delivery. Sometimes a fresh perspective is what you need to streamline operations and improve efficiency.
We work with law practices to set growth goals and help devise clear, actionable steps to achieve success. Whether it’s refining client intake procedures, improving billing practices, or developing strategic growth plans, our business coaching is tailored to the specific needs of the legal sector.
Why Choose New Wave as your Accountants
Transparent, fixed-fee pricing
No hidden fees here. Our accounting services for lawyers are set with clear and consistent pricing. That means you’ll know exactly what services you’re signing up for without the surprises down the line.
Objective-focused approaches
Our services are designed to deliver tangible results, enhancing your law practice’s financial success. We’ll help you set financial goals for your business and then help you achieve them.
We’re committed to communication
We’re fanatical communicators. Our accountants for lawyers are dedicated to keeping you in the loop to make sure you know the decisions that are being made, and why. You’ll have proactive updates from our team as well as the chance to ask our accessible team questions any time you need support.
Broad expertise
New Wave Accounting & Business Advisory offers a wide range of services to a variety of industries across the country. No matter what area of law your practice specialises in, we’re confident we’ll be able to help you grow.
Your goals are our goals
Our goal is to help your finances thrive. Our accountants for lawyers are dedicated to your financial growth and success, understanding and supporting your business’s needs and objectives to help get you there.
