A CPA for Attorneys Can Help You Clinch the Case

A CPA for Attorneys Can Help You Clinch the Case

As a lawyer, you know how complicated the legal system can be, which is where a CPA for attorneys comes in. Crunching the number in your case can reveal some enlightening information, but only if it’s presented by a professional in the field of finance. Partnering with a CPA can also help with a wide range of additional situations like taxes, corporate agreements, and more. No matter what services you offer your clients, partnering with a team of certified CPAs can make your job easier.

The support you receive from a professional accountant can be invaluable, especially when that accountant has experience in the legal field. That’s why it’s so important to seek the assistance of a firm with experience in legal matters.

Assistance in the courtroom

One of the most urgent reasons to enlist the help of a CPA for attorneys is when your client is currently involved in a case. Whether as the defendant or the plaintiff, getting to the bottom of their finances, or uncovering the projected estimates of the opposing party, can illuminate important financial information that can speak volumes on your client’s behalf.

A qualified CPA is able to assist by providing a wide variety services that include:

An experienced CPA for attorneys will also be able to customize their services to meet your needs, no matter what they may be.

Taxes and beyond

Just because you and your client aren’t in the courtroom doesn’t mean you can’t use the help of a CPA. There are many ways that a professional CPA for attorneys can enhance your legal practice.

Taxes are one of the most common reasons to enlist the help of an accountant, but there are other ways A CPA can help including:

  • Assisting with buy-sell agreements
  • Financing regarding estate planning
  • Identifying the details of a new partnership
  • And more

Your client deserves a team of professionals

When it comes right down to it, it’s all about doing what’s best for your client, which means seeking professional advice from a skilled accounting firm. If you’re searching for a CPA for attorneys who has the experience you need to provide the very best services to your client, give us a call today.



CPA for attorneys FAQ

What is the difference between a CPA and an attorney?

On the surface, the services that a CPA and an attorney offer may seem similar. After all, both parties are often involved in tax matters, estate planning, and business deals. Because of this, many people assume that either party can help in a wide variety of situations, but there are some very important differences between CPAs and attorneys.

Attorneys are the only ones who are fully qualified to prepare legal documents. Without the help of an attorney, it’s unlikely that documentation drawn up by a CPA will hold up under rigorous inspection in the courtroom.

Although some attorneys may do tax returns, CPAs are able to conduct a thorough audit, ensuring that all your I’s are dotted and T’s are crossed. An attorney isn’t qualified in this regard.

Because each is a specialized area of expertise, many attorneys communicate regularly with a CPA partner, and vice versa. In some very rare circumstances, an attorney is also qualified as a CPA, but this is uncommon because it requires a massive amount of expertise and schooling.

When would an attorney refer a client to a CPA?

In many cases, a client may find themselves in their attorney’s office only to require the assistance of a CPA. An attorney may refer a client if the details of a tax plan need to be hashed out, the finances regarding a will need to be clarified, or if general accounting is needed. A high-quality legal firm will already have a partnership with a CPA, so they are able to bring in their own CPA to assist with a client’s case without the need for the client to reach out to an accountant on their own.

When would a CPA refer a client to an attorney?

Just as there are opportunities for an attorney to refer a client to a professional CPA, a CPA may turn around and refer a client to a lawyer.

When it comes to the legalities surrounding business deals or arrangements, it is advisable for an accountant to refer their client to an attorney. A lawyer can also make sure that the plans you have for your finances hold up in court. Estate planning and business finances are two examples.

Because there are so many grey areas between what an attorney and a CPA can do, there are many CPAs for attorneys that build close partnerships with other firms so ideas can easily be exchanged, making for a much more pleasant client experience.

Why is partnering with a CPA beneficial to your legal firm?

If you can just refer your client to an accountant as needed, you may be wondering why you would want to seek out a partnership with a CPA. There are quite a few benefits, but the biggest is that you can increase client references.

If a client reaches out to a CPA, and that CPA deems their needs more suited to a legal professional, they can refer them to your firm and continue working with you on the case. In turn, your firm would be able to refer clients to your partner, returning the favor.

In addition, by partnering with the same CPA on every case, you can learn what to expect from their work, ensuring that you get the quality assessments you need to move forward with your client.