Accounting, Tax, and Payroll Services for Law Firms
Running a law firm means managing trust accounts, partner compensation, payroll, taxes, and uneven cash flow. Koffex handles the accounting, tax, and payroll work so you have a clearer view of the firm and fewer details pulling your attention away from clients.
Industry Challenges
Keep Your Firm’s Numbers in Order
Law firms have unique requirements around client funds, billing, compensation, and taxes. Koffex keeps the details organized so you can see what is happening across the firm.
Trust Account Management
Client funds must stay separate, and trust account errors can have serious consequences. We record and reconcile IOLTA activity to keep trust records organized.
Billing and Collections
Slow billing and unpaid balances can weaken cash flow. We organize invoices and receivables so you can see what is billed, collected, and still due.
Partner Compensation
Partner draws, distributions, salaries, and varied pay structures can get complicated. We keep payroll and partner payments organized and accurate.
Cash Flow Visibility
Retainers, contingency fees, and hourly billing can make cash flow uneven. We keep records current so you can see where cash stands as payments arrive.
Tax and Entity Compliance
Partnerships, LLCs, and professional corporations can face different tax rules. We keep filings organized and help your firm stay current with what applies.
Overhead and Profitability
Rent, staffing, malpractice insurance, and case costs can blur true margins. Regular reporting shows what the firm is earning and where costs need attention.
Trust Account Management
Client funds must stay separate, and trust account errors can have serious consequences. We record and reconcile IOLTA activity to keep trust records organized.
Billing and Collections
Slow billing and unpaid balances can weaken cash flow. We organize invoices and receivables so you can see what is billed, collected, and still due.
Partner Compensation
Partner draws, distributions, salaries, and varied pay structures can get complicated. We keep payroll and partner payments organized and accurate.
Cash Flow Visibility
Retainers, contingency fees, and hourly billing can make cash flow uneven. We keep records current so you can see where cash stands as payments arrive.
Tax and Entity Compliance
Partnerships, LLCs, and professional corporations can face different tax rules. We keep filings organized and help your firm stay current with what applies.
Overhead and Profitability
Rent, staffing, malpractice insurance, and case costs can blur true margins. Regular reporting shows what the firm is earning and where costs need attention.
Our Services
Support Built Around Your Law Firm
Get accounting, tax, payroll, and ongoing guidance that fits the way your firm operates.
Accounting
Accounting done right, every month.
Tax Services
Tax preparation and filing for businesses and individuals.
Payroll
Payroll handled on time, every time.
Fractional CFO
Senior-level strategic guidance, on-demand.
IRS Tax Resolution
Expert representation for IRS issues, notices, and back taxes.
Accounting
Accounting done right, every month.
Tax Services
Tax preparation and filing for businesses and individuals.
Payroll
Payroll handled on time, every time.
Fractional CFO
Senior-level strategic guidance, on-demand.
IRS Tax Resolution
Expert representation for IRS issues, notices, and back taxes.
Testimonials
Hear From Our Clients
We've built long-term relationships with the businesses we serve. Here's what some of them have to say.
Why Koffex?
Accounting Support That Fits the Way Law Firms Operate
We understand the rules, reporting needs, and payment structures that make law firm accounting different.
- Trust Accounts Reconciled
- Records Kept Accurate
- Filings Kept Current
- Clear Firm Reporting
- Trust Accounts Reconciled
- Records Kept Accurate
- Filings Kept Current
- Clear Firm Reporting
Financial Insights
Keep Up With What’s Changing in Your Industry
Tax tips, payroll guidance, and practical advice, written in plain English.
We break down the topics that affect your bottom line.
The Small Business Owner’s Guide to Year-End Tax Prep
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The Real Cost of Doing Your Own Accounting
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FAQs
What Law Firm Owners Want to Know Before Getting Started
Have a question that is not covered here? Book a free consultation and our team can walk through it with you.
Yes. Koffex can record and reconcile trust account activity so client funds remain clearly separated from firm operating funds. Accurate records also make it easier to identify discrepancies that need attention.
Yes. We can keep IOLTA account activity recorded and reconciled based on the information provided by your firm. This helps maintain clear records of client funds and the related activity in each account.
Yes. We can keep billing activity and outstanding balances organized so you have a clearer view of what has been invoiced, what has been collected, and what remains unpaid.
Koffex can manage payroll for attorneys, paralegals, administrative staff, and other employees. We handle regular payroll processing, deductions, withholdings, payroll tax filings, W-2s, and year-end requirements.
Yes. We can help keep salaries, draws, distributions, and other partner payments recorded correctly based on your firm’s structure. This gives you cleaner records throughout the year and makes year-end reporting easier to manage.
Yes. Partnerships, LLCs, professional corporations, and other structures can have different filing and tax requirements. Koffex can review how your firm is structured and help keep the appropriate filings and tax planning on track.
Yes. We keep records current so you can see how retainers, hourly billing, contingency fees, collections, payroll, and other costs are affecting cash throughout the month.
Yes. Regular reporting can show how staffing, office costs, insurance, case expenses, and other overhead are affecting the firm. Fractional CFO support is also available when you need deeper planning around growth or major decisions.
Koffex can review the notice, explain what requires attention, and help determine the next steps. With the proper authorization, we can also communicate directly with the IRS on your behalf.
Yes. Koffex can manage these services together so your records, payroll activity, and tax work stay coordinated throughout the year.
Book a consultation with our team. We will learn how your firm operates, review your current setup, identify what needs attention, and explain how Koffex can help.
Get Started
Let’s Talk About Your Business Needs
Tell us what you need, and we'll walk you through exactly how Koffex can help.