tom@trustbooks.com
www.trustbooks.com
Tom Boyle is Co-Founder of TrustBooks, web-based software for managing trust activity in compliance with state bar requirements. TrustBooks is simple and intuitive, so trust accounting isn’t intimidating. Prior to TrustBooks, Tom owned Boyle CPA, a CPA firm that provided accounting and consulting services to small businesses with a focus on law firms. TrustBooks offers a 30 day free trial at www.trustbooks.com.
Information regarding reviewing your firm's financial performance and establishing budget goals to be more profitable. Read More
Have you found yourself stuck or at a loss for words when trying to explain your trust account to clients? Especially trying to explain the trust account in terms your clients will understand (i.e., non legalese talk)? As lawyers, you have lots of resources and CLE’s available to you to help … Read More
Steps to properly manage the State Bar's quarterly trust account reconciliation Read More
Information for properly assessing mileage for tax purposes Read More
Tips for preparing an office budget Read More
Hiring a CPA to review your accounts can qualify you for an audit exemption Read More
6 tips to increasing your receivables Read More
Using financial reports to make a difference in your firm's bottom line Read More
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.