Valuation/Litigation News

Hiring family members could save taxes
By hiring your spouse, parents and children as employees of your firm, you may be able to keep earnings in the family, as well as receive a tax deduction for compensation and other employee benefits your family members receive. But be sure you understand all the rules. >> more info

Law firms can master cash flow management
Practicing law is a profession, but it's also a business. Having cash when you need it and maximizing the use of the cash you have – or have a right to have – are vital to making your law practice as productive as it can be. >> more info

Six tax questions to answer as your firm grows
As your law firm grows, tax planning may occupy more of your attention than it did when your firm was smaller. Although the dollars involved may increase, the tax issues faced by larger law firms are not significantly different from those faced by smaller firms. Here are six tax issues you'll want to address. >> more info