The Hobbs Group’s experienced CPAs help attorneys ensure financial success and compliance. By tackling operational, financial and strategic aspects, our professionals become reliable partners for those practicing the law. Services for attorneys include:
- Financial Planning: The Hobbs Group helps law practices with strategic financial planning, budgeting, and forecasting. We help the legal firms we partner with effectively manage their resources, plan for growth, and make informed decisions to ensure a sustainable future.
- Tax Planning and Compliance: We help attorneys and legal firms maximize deducations, navigate tax laws, and ensure compliance with the newest tax codes. Being subject to complex tax regulations, it’s important for attorneys to partner with a proven team like The Hobbs Group. Our experts help legal professionals minimize their tax liabilities and avoid potential errors or penalties.
- Trust Account Management: When handling client funds in trust accounts, ensuring compliance with trust accounting rules is paramount. The Hobbs Group assists in managing these accounts, ensuring accurate record-keeping, and performing thorough external audits to guarantee compliance with ethical and legal standards.
- Business Valuation: For law firms considering mergers, acquisitions, or partner buy-ins and buyouts, The Hobbs Group is well-versed in performing business valuations to help you make a well-informed decision. We’ll assess the firm’s revenue streams, assets and liabilities and revenue to create a fair valuation, and facilitate strategic business transactions.
- Compliance and Regulatory Guidance: Staying above-board is a crucial aspect of success for law firms, who are subject to complex regulation and high ethical standards. The Hobbs Group can guide attorneys through compliance matters, making sure a practice adheres to regulatory requirements, ethical standards, and industry-specific rules. Then, we’ll help address and solve any problems if needed.
Attorneys who partner with The Hobbs Group are confident in the financial security, compliance, and value of their firm and practice. When your business name represents your life’s work, our experienced team of professionals help handle financial and ethical issues.