Law Firm Accounting & Tax Advisory

Track funds by client matter. Gain skilled tax advisory.

From tracking client case costs and avoiding commingled funds to tax planning and managerial reports, we provide your law firm with peace of mind that your firm’s books are being expertly managed. Contact us when you’re ready to gain a reliable, trustworthy accounting partner for your law firm.

Helping law firms track & improve their finances.

Since 2011, we’ve helped law firms track and improve their finances and optimize their tax position with professional accounting and tax services. From advanced bookkeeping and financial reporting to 1099s and tax forecasting, our firm provides all-in-one service or specialized support so your law firm has the financial insights needed to succeed.
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Reconciling Client Matter Accounting With Practice Software

This client’s practice software (Clio) was not properly syncing with their accounting system, creating “accounting spaghetti” and making it challenging to accurately track client matters and funds. We’ve facilitated proper reconciliation and matching of fund balances by client matter between the law practice management software and QuickBooks Online so they can clearly view their expenses and income, as well as their client matters. In addition to trust accounting, we provide monthly bookkeeping, handle city licensing and registrations, assist with 1099s, and consult on tax-related notices that the client receives from state and federal agencies.

Multi-Business Hospitality Business Gains Financial Clarity

When this company came to us in 2019, it was struggling to track revenue and profitability for its hotel construction, hotel management, and various other LLCs, partnerships, and S corporations within a single entity. While this impacted financial visibility and efforts to obtain business loans from banks, we have since resolved this lack of financial visibility. We currently provide monthly and quarterly accounting for managed hotels and business entities, manage accounts payable and accounts receiveable, prepare financial statements, provide managerial reporting, and liaise with banks during business capital efforts.

 No More Messy Books Or Failed Audits

This organization’s controller had improperly implemented QuickBooks Online and BILL, resulting in year-to-date books that were wildly inaccurate. We provided bookkeeping cleanup, audit preparation services, and trained accounting team to manage day-to-day accounting tasks. Client has since passed many audits successfully. We now provide monthly review, data entry assistance, and consultation.

Nonprofit Gets Grant Clarity & A/R Help

This nonprofit receives grant monies to assist the homeless in various regions throughout California through downpayment assistance, supplies, and housing development projects. We provide grant allocations, grant reporting, budgetary development, accounts payable setup and review through BILL, and accounts receivable assistance for grantor invoicing. The end result of these services is that this organization has clarity on amounts for grant proposals, understands and can report on the expenditures related to grantor monies, and has audit-ready A/P and A/R processes.

 Better Accounting & Tax. Ready For An Audit.

We helped this organization migrate from QuickBooks Desktop to QuickBooks Online and currently handle all bookkeeping duties following a staff retirement. Beyond bookkeeping services, we assisted this client with setting up and supporting a BILL implementation to improve audit readiness related to accounts payables. 
In addition, we prepare and present board reports, handle 571Ls, retirement census reporting, prepare and file tax returns, and handle audit preparation. Our accounting, bookkeeping, and controller services allow this organization to have each number on their balance sheet tied to a supporting document. Also, our audit preparation services allow this client to recoup costs during audits since preparation is more cost-effective than sending unprepared books to an auditor.
Law Firm Accounting
Law Firm Tax Advisory
Law Firm Controller & CFO
Trust accounting by client/matter
Accrual/cash basis accounting & conversions
QuickBooks implementation & consultation
Accounts receivable (A/R) reporting
Fixed asset management
Business expense tracking
Budget vs. actual financial analysis
Municipality licensing and registration
Month-end close process management & advisory
Business tax return preparation
Tax compliance, reporting, and fiduciary accounting
International, state, and local tax (SALT) compliance and planning
Quarterly estimated tax calculations, payments, and payroll tax returns
S-corps and partnerships (1065s and Forms 1120s)
Sales and use tax return preparation and filing
Tax planning, strategy development, and structuring for buy-sell agreements
Tax incentive analysis
Tax due diligence for mergers and acquisitions
Form 990 preparation and filing
Managerial financial reports (quarterly/monthly)
Cash flow management
Cost control & cost optimization
Sales reporting and cash flow forecasts
Strategic financial decision-making
Tax compliance and regulatory advisory
Mergers, acquisitions, and dealmaker advisory
Investment and capital allocation
Tax planning
Practice valuation

TESTIMONIALS

Loved by Clients. Referred by Other Professionals.

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OUR SOLUTIONS

Tailored To Your Industry's Needs

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Businesses

From foundational bookkeeping to advanced financial reporting and analysis, our accountants equip you with information and insights you can trust so you make business decisions that are financially sound and aligned with your company’s goals. 
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Nonprofit Organizations

We provide fund accounting, budgetary assistance, and other nonprofit accounting services to help you manage multiple funding sources, adhere to reporting requirements, and maintain transparency with donors in your organization.
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Dental Practices

Our dental accounting services allow dentists to focus on providing exceptional patient care while we provide support for the practice’s financial management, including bookkeeping, A/R and A/P services, tax advisory, and financial reporting.
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Construction Companies

Our firm offers job costing, profitability analysis, accounting, tax strategy, and bookkeeping for construction companies so builders can have the comprehensive financial reporting they need to maintain profitable operations.
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Law Firms

Trust accounting requires due diligence and detailed recordkeeping, in addition to reliable advisory services regarding partner compensation, cash flow analysis, expense allocation, and more. Our firm is a perfect fit for growth-minded legal professionals.
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Franchises

We provide detailed individual and multi-franchise accounting and bookkeeping services so you are clear on the financial performance. Our services include tax planning and preparation, new business advisory, QuickBooks support, and financial projections.
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Churches

Our church accounting services help you track donations, maintain tax-exempt status, and allocate funds to support ministries and programs so your church has the financial reporting needed for sound financial health and so you can focus on your ministry.
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Hotels

Hotels face many accounting challenges, from cash flow planning for construction and expansion to managing daily financial operations and fulfilling tax reporting needs. Our hotel accounting services provide the necessary bookkeeping and financial reporting.
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Medical Offices

From revenue cycle management to financial reporting and bookkeeping, we provide healthcare accounting services that ensure you have the financial insights needed to improve and scale your medical practice.
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LOCATIONS

Serving organizations throughout the United States.

Since 2011, MBS Accountancy has been serving nonprofit and businesses located all over the United States from its central office in California. Our firm was recognized as a Top U.S. Firm by Forbes in 2021, 2022, and 2023, and Accounting Today selected us as the Best Firm for Technology in 2022. 

Our firm’s cloud accounting infrastructure, hybrid work model, and modern approach to communications and operations enable us to efficiently and securely serve businesses and not-for-profit organizations throughout the United States.
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