Accountants for Lawyers

Get in touch with our team!

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.

Hbi Cloud Left
Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

8:00am-5:00pm Monday - Thursday
8:30am-2:00pm Fridays

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
Newwave Accounting
Ui Share Dino
Ui Share Shapes

Share This

Select your desired option below to share a direct link
to this page. Your friends or family will thank you later.

Download your FREE copy of my book

101 Strategies for Business Owners To Save Tax

Save Tax helps business owners, entrepreneurs and commercial adventurers:
  • Pay only the tax that they need to
  • Find the right people to help you save tax
  • Simplify and demystify tax obligations

At the end of the day, and by the end of this book, you will have an understanding of how and why you should invest in minimising your tax and making the most of your business.

Where should I send a free copy of my book?

Bki Book 1 Big