4700Group Blog

accounting information and resources for the legal industry

Is it tax deductable?

29 Aug Is it tax deductable?

Tax deduction - reduced.jpegTo quote Steven Chung, a practicing tax attorney in LA, “When preparing tax returns, most lawyers send their financial books to their tax preparer and let them handle the rest. Unfortunately, some simply add up the numbers and input them to the tax return without analyzing which expenses are deductible and which are not”.  

Who makes the decision in your firm if an expense is tax deductible?

Is it time to consider using an experienced outsourced accounting service?  


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