Afleveringen
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In today's episode we dive headfirst into the real-world financial struggles that accounting professionals and law firms face every day—from cash flow crunches and high overhead costs to late client payments and clunky billing systems.
If you're tired of spinning your wheels financially and ready for practical advice (with a side of humor), this episode is your roadmap to clarity, control, and growth.
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02:39 Financial Challenges Discussion
04:30 Client Stories and Financial Visibility
06:01 Law Firms and Financial Management
12:45 AI and Job Market Insights
13:40 Productivity and Expense Management
18:00 Billing Practices in Law Firms
19:47 Challenges in Personal Injury Law
23:12 Leveraging Technology in Legal Practice
24:06 The Value of Outsourcing Financial Tasks
28:25 Importance of Tracking Billable and Non-Billable Time
30:42 Effective Use of Consultants and Coaches
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Find us on Spotify and YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Join us as we unpack the ever-evolving world of tax and regulatory changes—specifically for attorneys and law firms.
Tune in as they explore key tax planning strategies for law firms, including:
Payroll taxes and reasonable compensation for attorneys
Retirement plan considerations and how to choose the right one
The benefits and challenges of transitioning from LLC to S Corp
Why bookkeeping firms play a crucial role in proactive tax planning
Managing advanced client costs and staying compliant
Improving law firm cash flow management through strategic decisionsWhether you're an attorney running your own practice or a financial professional supporting law firms, this episode offers actionable insights to help you stay ahead of the curve.
Subscribe and listen in to strengthen your firm’s financial foundation and future-proof your strategy.
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00:33 Discussing Tax and Regulatory Changes
02:35 Payroll Taxes and Reasonable Salary
06:01 Entity Structure and Tax Implications
09:50 Client Communication and Involvement
10:35 Advisory Role and Tax Planning
13:52 Quarterly Estimates and Compliance
14:43 Starting the Conversation: Tax Returns and Action Items
14:54 Challenges in Obtaining Tax Returns
15:21 Educating Clients on Financial Matters
15:55 Respect and Appreciation in the Financial Profession
17:11 The Role of Tax Professionals and CPAs
18:29 Tailored Tax Services and Recommendations
19:19 Cost Receivables in Law Firm Books
22:24 Advanced Client Costs and Accounting Methods
27:11 The Impact of Bad Financial Advice on Social Media
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Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Zijn er afleveringen die ontbreken?
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Join Sarah, Steve, and Lynda as they tackle the intimidating world of audits—specifically for law firms!
From tax audits to bar audits, we’ll uncover the sneaky pitfalls that can land you in hot water. Tune in for expert tips on managing trust accounts, the art of proper documentation, and why three-way bank reconciliations are your best friends.
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00:15 Types of Audits and Their Implications
00:44 Bar Audits and Their Consequences
02:35 Trust Account Issues and Best Practices
06:10 Handling Prior Year Transactions
07:19 Self-Reporting and State Requirements
08:51 Preparing for an Audit
13:17 Common Mistakes and How to Avoid Them
15:52 Handling Petty Cash
16:52 Importance of Workflow in Cash Management
17:18 Avoiding Audits with Proper Documentation
17:52 Payroll and Multi-State Compliance
20:35 Responding to Audits and Legal Obligations
23:58 Setting Up Books for New Firms
--------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up! If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Conference season is almost here! The team shares their best advice on choosing the right conferences, planning effectively, and maximizing your networking opportunities.
Learn more about the Accounting Cornerstone Foundation here!
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00:37 Discussing Conference Experiences
01:13 Tips for Maximizing Conference Benefits
02:14 Personal Conference Stories
05:16 Evolving Conference Goals
07:40 Networking and Learning at Conferences
13:43 The Role of AI in Conferences
15:10 Investing in Team Growth
16:25 Bonding Over Cold Airbnb Adventures
16:59 Conference Classes and Experiences
17:06 Challenges of Attending Conferences Without Family
17:50 Highlighting the Cornerstone Accounting Foundation
19:13 The Importance of Mastermind Groups
20:31 Maximizing Your Conference Experience
21:42 Networking and Reconnecting at Conferences
23:11 Choosing the Right Conferences to Attend
25:38 Post-Conference Reflections and Tips
------------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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AI and legal tech are reshaping the way law firms operate. In this episode, we explore how cutting-edge technology is revolutionizing the legal industry, making firms more efficient, profitable, and competitive.
Whether you're a tech-savvy attorney or just starting to explore AI, this episode will give you the insights you need to future-proof your firm.
As the driving force behind Paragon Tech, Jay McAllister embraces the philosophy of asking "why?" to challenge boundaries and uncover inefficiencies. Too often, businesses focus on optimizing systems that ultimately prove unnecessary.
His approach? SIMPLICITY. By prioritizing streamlined solutions, he helps organizations overcome operational challenges and transform into highly efficient powerhouses that leverage technology to do more with less.
Paragon Tech
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00:28 AI in Legal Practices
02:46 Discussion on AI Advancements
05:49 DeepSeek and AI Models
08:29 Legal Implications of AI
15:37 Open Source and AI Trust Issues
23:27 Art, Copyright, and AI
31:15 AI's Impact on Legal Workflows
33:21 Questioning AI Usage Statistics
34:14 Understanding Client AI Usage
35:44 Economic Incentives for AI Adoption
37:00 AI in Legal Tasks
41:12 Challenges and Risks of AI
45:42 Framework for Implementing AI in Law Firms
---------------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Building on last week's episode, we continue our discussion on conflicts of interest, focusing on how they apply to attorneys.
This episode is a valuable guide for accounting professionals navigating the unique challenges of the legal industry.
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03:01 Conflict of Interest in Legal and Accounting Professions
03:17 Data Migration Challenges
05:48 Payment Management Conflicts
08:57 Ethical Dilemmas in Legal Accounting
15:16 Navigating Client Relationships and Confidentiality
19:39 Unexpected Rent Payment Practices
20:33 Questioning Financial Decisions
21:57 Transparency and Ethics in Accounting
23:23 Handling Client Conflicts
23:59 Personal Expenses and Bookkeeping
25:51 Trust Accounting Challenges
28:37 The Importance of Accuracy
----------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!
If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.comIf you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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In the world of legal accounting, even the slightest conflict of interest can lead to serious ethical and financial consequences. But what exactly constitutes a conflict of interest, and how can legal accountants navigate these challenges with integrity? In the world of legal accounting, even the slightest conflict of interest can lead to serious ethical and financial consequences. But what exactly constitutes a conflict of interest, and how can legal accountants navigate these challenges with integrity?
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02:07 Introduction to Conflicts of Interest
02:25 Financial Interests and Self-Review Threats
02:58 Client and Business Relationships
03:48 Gifts and Incentives
05:35 Auditing and Tax Advice
07:29 Confidentiality and Professional Boundaries
12:54 Equity Ownership and Side Hustles
16:06 Navigating Law Firm Conflicts
16:15 Teaching at the Bar Association
16:34 Disclosing Information Safely
16:45 Board Conflicts and Insider Information
17:30 Spousal Support and Professional Boundaries
18:56 Handling Partner Misconduct
20:13 Client Billing and Ethical Dilemmas
21:18 The Value of Client Testimonials
26:19 Maintaining Client Confidentiality
------------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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In this episode, we talk into the serious consequences of having a bad bookkeeper, especially in the legal world. Bookkeeping for lawyers isn’t just about balancing the books—it’s about maintaining compliance, safeguarding client trust accounts, and ensuring the financial health of a law firm.
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03:03 Ramifications of a Bad Bookkeeper
04:36 Onboarding Vendors and Workflow Tips
05:29 Challenges with Legal Accounting
10:02 Avoiding Bad Bookkeeping Practices
16:18 Setting the Right Expectations with Clients
16:47 Dealing with Imposter Syndrome
18:57 Mutual Learning and Collaboration
21:51 Understanding Legal Accounting Basics
23:59 Advanced Client Costs and Compliance
25:09 The Importance of Accurate Records
28:03 Utilizing Tools and Software Effectively
-------------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Sarah and Lynda share their personal stories and advice on maintaining ethical standards in the accounting profession.
Don't miss this insightful discussion on navigating the challenging intersections of ethics, law, and accounting!
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02:43 Snow Stories and Legal Responsibilities
04:02 Ethical Dilemmas in Legal Accounting
05:43 Trust Accounting and Oversight
08:55 Client Retainers and Ethical Issues
12:07 Personal vs. Business Expenses
22:28 Fraud and Embezzlement in Accounting
-------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!
If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.comIf you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Tax season is here, and for legal accountants, that means long hours, endless reconciliations, and the pressure of keeping everything compliant and organized. But don’t worry—we’ve got you covered!
In this episode, we’re breaking down practical strategies to help you stay sane, efficient, and ahead of the game during the busiest time of the year. Whether you’re a solo accountant managing multiple law firm clients or part of a larger team, these survival tips will help you navigate tax season with confidence.
California Fire Related News!
More Information!----------------------------
00:13 Impact of California Fires on Tax Season
06:18 Tax Season Survival Tips
09:38 Client Management During Tax Season
12:27 Bookkeeping and Tax Preparation Insights
17:22 Ramp Up: Getting W-9s Early
17:54 The Complexity of 1099s
19:12 Client Communication Strategies
21:36 Year-End Financial Considerations
22:58 Tax Payments and Contributions
24:41 Entity Changes and Documentation
30:16 Final Tips and Advice for Newbies
--------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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As a CPA and CEO of Prestige Accounting and Consulting, Jayden Doye's mission is to help entrepreneurs achieve financial independence and create strategies that increase profits while reducing tax burdens.
Jayden Doye also hosts retreats across the globe for lawyers looking to elevate their legal practices. We sat down with him to dive into these retreats and his CPA business.
If you are looking for a focused retreat to help you elevate your law firm, we encourage you to learn more about Jayden's events here.
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00:48 Meet Jayden Doye: Prestige Accounting and Consulting
01:33 The Importance of Retreats for Law Firm Owners
03:08 Transformational Business Retreats: A Deeper Dive
06:56 Running a Successful Business While Traveling
14:02 The Power of Delegation and Leadership
23:16 Choosing a Niche Market: Jayden's Journey
26:45 Strategic Partnerships with Bar Associations
28:37 Heartfelt Compliments and Industry Insights
29:15 Challenges in Serving Attorneys
31:08 Difficult Conversations and Client Relationships
32:47 Transformative Client Experiences
36:41 Advising Attorneys on Work-Life Balance
43:09 The Value of High-Paying Clients
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Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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In this episode, we dive into the art and strategy of pricing your services as a legal accountant. From understanding your value to aligning your pricing with client expectations, we cover key tips and practical insights to help you confidently set rates that reflect your expertise. Whether you're new to the field or looking to refine your pricing approach, this episode is packed with actionable advice to elevate your business.
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01:31 Diving into Pricing Strategies
01:47 Challenges with Legacy Clients and Price Increases
03:38 Bundling Services and Software Costs
05:57 Client Communication and Rate Adjustments
11:59 Evaluating Client Workload and Time Management
18:25 The Impact of Commoditizing Accounting Services
19:17 Debunking Pricing Myths
19:56 Communicating Value to Clients
22:30 Challenges with Client Systems
24:50 Setting and Adjusting Prices
27:41 Building Client Relationships
------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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Please, please, PLEASE avoid sending your financial documents via email!
Cybersecurity is more critical than ever for your accounting business and your clients, and your compliance may depend on it.
In this episode, Sarah and Lynda share their thoughts, frustrations, and hopes for improving security practices in the industry.---------------------------------------
00:40 Travel and Compliance
01:26 Cybersecurity Concerns
02:38 Scams and Phishing
05:34 Proactive Security Measures
06:42 Client Communication Challenges
16:56 Insurance and Ransomware
19:56 Future of Cybersecurity
-----------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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As the driving force behind Paragon Tech, Jay McAllister embraces the philosophy of asking "why?" to challenge boundaries and uncover inefficiencies. Too often, businesses focus on optimizing systems that ultimately prove unnecessary.
His approach? SIMPLICITY. By prioritizing streamlined solutions, he helps organizations overcome operational challenges and transform into highly efficient powerhouses that leverage technology to do more with less.
Paragon Tech
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01:10 Special Guest Introduction: Jay McAllister
03:06 Jay's Journey into Legal Tech
08:07 Challenges and Solutions in Legal Tech
11:01 Client Stories and Lessons Learned
16:09 Setting Realistic Expectations for Tech Implementation
23:32 Importance of Proper Training and Support
32:57 Client Retainers and Project Delays
33:18 The Painful Process of Migration and Training
34:40 Building Client Relationships
36:28 Tailored Services and Software Adaptability
38:35 Data Migration and Cleanup
43:28 AI in the Legal Industry
50:11 The Future of AI and Authenticity
___________________________________Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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The project that brought Sarah and Lynda together!
Data migration between software might sound simple, but it’s often more complex than it seems. Discover why a legal accountant is your secret weapon for navigating this process smoothly.
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03:25 Mastering Data Migration for Law Firms
05:04 Challenges and Lessons in Data Migration
07:37 Software Issues and Solutions
09:38 Importance of Proper Data Handling
12:31 Real-World Migration Experiences
19:18 The Importance of Hiring Experienced Data Professionals
19:35 Challenges in Data Migration
20:04 Tools and Software for Data Management
21:20 The Role of Sales and Integration Teams
21:38 Key Considerations for Data Migration
23:31 Practical Tips for Law Firms
26:25 The Future of Legal Software
29:57 Final Thoughts and Recommendations
-----------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!Order Lynda's book, Modernize Your Law Firm, here
If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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When it come to hard times.... it's not a matter of "if," it's a matter of "when." Is your business prepared?
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02:57 Financial Crisis Management
03:26 Evaluating Subscriptions and Expenses
05:42 Staff and Workflow Adjustments
15:48 Creative Solutions and Pivoting
23:22 Client Engagement and Marketing
-----------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!
If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.comIf you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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What is cash flow, how does it work, and why is it important? If you've found yourself pondering these or similar questions while navigating the complicated world of cash flow, this episode is for you!
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00:29 Year-End Panic and Client Price Notifications
01:15 Cash Flow Demystified
02:02 Understanding Cash Flow Reports
03:59 Importance of Positive Cash Flow
04:46 Economic Uncertainty and Budgeting
08:57 Impact of the Pandemic on Law Firms
09:27 Adapting to New Technologies
15:47 Improving Cash Flow for New Businesses
17:32 Cash Flow Management: Lease or Buy?
17:47 Identifying and Eliminating Unnecessary Expenses
19:23 Optimizing Business Savings and Investments
20:00 The Importance of a Rainy Day Fund
21:52 Navigating Lines of Credit
23:24 Leveraging Client Conversations for Business Insights
23:59 Analyzing Staff Productivity and KPIs
24:39 Year-End Financial Review and Adjustments
27:38 Reminder: Filing Your BOIR Report
-------------------------------------------------------------Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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AI has been the hot button topic of the year!
Steve and Lynda share their thoughts on what we can expect from AI when it comes to Accounting Software.
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01:16 Challenges with Client Trust Accounts
02:24 The Impact of AI on Accounting and Legal Industries
05:21 The Evolution of Accounting Practices
07:52 Self-Driving Cars and Legal Implications
11:13 AI in Legal Brief Writing and Future Prospects
15:37 AI's Role in Creative Fields and Ownership Issues
16:22 AI's Visual Capabilities
16:48 AI in Accounting Software
17:36 AI in Legal Practice
18:32 AI's Impact on Jobs
19:36 AI Enhancements in QuickBooks
21:20 AI in Everyday Life
23:08 The Future of AI in Various Fields
27:06 AI Tools and Their Applications------------------------------------------------------------
Modernize Your Law Firm - By Lynda Artesani
Be sure to subscribe for more episodes!
Find us on YouTube as well!
If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.comIf you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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We are excited to welcome John Scott and Kip Bilderback to the podcast to walk you through everything you need to know to help your law firm clients grow!
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00:26 Meet the Special Guests: John Scott and Kip Bilderback
01:34 John Scott's Journey and Expertise
03:10 Kip Bilderback's Background and Insights
05:55 Impact of the 2008 Housing Crash and COVID-19
09:45 Financial Preparedness and Line of Credit
13:24 Challenges in Law Firm Financial Management
18:30 The Role of Coaches and Consultants
27:14 Strategic Growth and Transparency in Law Firms
32:32 Embracing AI in Accounting
33:19 The Value of Continuing Education
34:27 Subscription-Based Billing in Law Firms
35:02 Challenges of Time Tracking
35:55 The Role of Rainmakers and Managers
37:36 Managing Law Firm Growth
38:35 Best Practices for Law Firm Operations
39:59 Navigating Partner Dynamics
41:16 The Importance of Financial Transparency
49:17 Leveraging Interns and AI
52:46 Remote Work and Firm Culture--------------------------------------------------------
John Scott, Partner at Anders CPAs + Advisors, has over thirty years of experience in financial consulting, specializing in law firms. He expertly manages profits through effective cash flow and KPI strategies and reduces taxes with his deep knowledge of tax codes. Leading the Virtual CFO services’ legal division, John provides strategic guidance to mid- sized law firms. His advice covers staff utilization, cash flow planning, hiring, career development, trust accounting, and partner distributions. John uses an advanced tech stack for data-driven decision-making and is writing a book on success strategies for law firms.
Kip Bilderback, with nearly 30 years in the legal field, is an experienced lawyer and business owner proficient in various aspects of law and management, including operations and strategic planning. Starting as a law clerk at Millsap & Singer, he evolved the firm from ten employees to 122, transitioning from analog to a fully integrated network. His leadership steered the firm through the mortgage and COVID crises. Beyond managing his firm, Kip has significantly impacted the legal community, holding roles from committee member to president at the USFN, driving industry standards and leading key financial and governance initiatives.
Judicial Dollars and Cents: A Virtual CFO’s Playbook to Help Law Firms Create a Financial Roadmap to Success by John Scott
Modernize Your Law Firm: Transform Your Law Firm for the Future by Lynda Artesani
Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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What financial challenges might you be likely to run into across the various legal fields, and how do you navigate them?
We discuss it all in this week's podcast!---------------------------------------------------------------
02:28 Mastering Financial Challenges in Legal Specialties
03:21 Understanding Business Mix and Billing Practices
06:09 Technology Adaptation in Law Firms
07:03 Client Acquisition vs. Cash Flow Challenges
09:48 Financial Management and Reporting
15:45 Understanding Collection Ratios
16:07 Setting Up a Strong Foundation
16:54 Budgeting and Forecasting for the Future
17:56 Evaluating Labor Costs
18:52 Challenges in Family Law Practices
21:22 Importance of Technology in Law Firms
25:40 The Role of Financial Coaches
28:54 Engaging with Your Financial Team-------------------------------------------------------------------
Be sure to subscribe for more episodes!
Find us on YouTube as well!If you have questions, topic requests, or guest suggestions you can email us at [email protected] or send us a message through our website, www.accountantslawpod.com
If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!
If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.
Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.
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