With all the demands on our time during the holiday season it’s easy to push aside the
task of getting records organized for year-end.  But doing so is an absolute necessity – especially for the sole practitioner.  Here is some solid advice from the experts:

• How to Get Business Receipts Digitally Organized for Tax Season
• The Solo Lawyer’s Guide to Tax Deductions
• Six Steps for Better Tax Organization
• Working from Home: Ten Tax and Legal Tips
• Accounting and Tax Tips for Lawyers

Get started today. By beginning the process before year-end you will have a better sense of where you stand financially.  You may find it makes sense to pre-pay 2016 expenses [bar dues, professional liability coverage, rent] or make a contribution to your IRA or other retirement fund.  Wait until January 1 and it will be too late for some of these tax-saving steps.

All Rights Reserved – Beverly Michaelis [2015]