Understanding your current needs and future expectations.
As a lawyer you are no doubt busy. Although it is not uncommon for you to be overworked, it is unnecessary for any of that time to be spent stressing about your finances when you can engage with professional experts like Quill. We appreciate you aren’t wasteful with the wealth that you have accumulated and just want someone to provide the solutions so you can focus on your career and living your best life.
Experience makes a difference and, as a professional services business ourselves, we are familiar with the financial and operational challenges you face. Whether you are a sole practitioner or partner in a legal firm, it’s critical to have the right business structure in place to ensure potential risks and tax implications are isolated and resolved.
Partnerships can also take many forms, from legitimate partnership arrangements to having equity/shareholders in a company. In each situation, it is important to correctly account for each of the partners contributions to working capital and to account for partner drawings, profit share and/or dividends.
We’ve seen it all before. Busy legal practices and time poor legal practitioners make the mistake in thinking they can manage their financial affairs in house. Our approach is straightforward and transparent, allowing you to focus on what you do best and leaving the rest to us.
Let Quill support you and your legal practice needs by working with your practice manager to provide payroll services, quarterly bookkeeping, account reconciliation, BAS, PAYG and Super Guarantee, year-end reporting and taxation advice. We can also provide quarterly board reporting and CFO advisory services.
Our qualified team can immerse themselves into your financials and uncover opportunities for profit maximisation. We can also assist by providing financial due diligence and valuation for purchase of legal books, as well as help you plan for exit or sale of your own legal practice.
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Your friends or family will thank you later.