WHO WE SERVE

Lawyers & Legal Professionals

Tax and accounting support for lawyers, legal professional corporations and small legal practices.

Accounting built around a professional practice

We work with lawyers and small legal practices that want clean corporate accounting, reliable tax compliance and practical year-round advice without unnecessary complexity.

  • Lawyer professional corporations
  • Sole practitioners
  • Small law firms
  • Legal consultants
  • Mediators and arbitrators
  • Other incorporated legal professionals

Corporate tax & compliance

  • T2 corporate tax returns and year-end financial statements
  • HST/GST registration, filings and planning
  • Bookkeeping and financial reporting
  • Payroll and shareholder transactions
  • Professional dues, insurance, software and practice expenses
  • CRA correspondence related to corporate filings

Compensation & tax planning

For incorporated lawyers, salary, dividends, retained earnings, RRSP room, instalments and personal cash-flow needs should be considered together. We help structure those decisions before year-end rather than simply reporting the result afterward.

Keep operating records clear

A well-organized practice makes tax planning easier. We help keep the general operating books clean and decision-ready. Where a practice maintains client trust accounts, those records should remain separately maintained in accordance with applicable law-society requirements, with any trust-account work separately scoped.

LET'S TALK

Ready to Keep More of What You Earn?

Book a consultation to discuss your situation and learn how Taxonomics CPA can help.

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