What we see in your industry
- Separate general and trust account records
- Monthly trust reconciliations to support Law Society of Ontario requirements
- HST on fees and on taxable vs. non-taxable disbursements
- Running a legal professional corporation
- Year-end planning and owner compensation
How we help
- Bookkeeping for general and trust accounts, with monthly reconciliations
- GST/HST returns
- Payroll for associates and staff
- Year-end financial statements, T2 and personal returns
- Salary vs. dividend and holding company planning
Common questions
Can you keep my trust account records?
Yes. We record trust receipts and disbursements, keep client ledgers balanced and prepare monthly reconciliations so your records are ready for your annual Law Society report.
Do I need a professional corporation?
Not always. It depends on your income and plans. We compare the after-tax result before you decide.