Lawyers & Legal Professional Practices
Accounting, Tax and Advisory Services for Lawyers & Legal Professional Practices in GTA
At Wefinx, we understand the unique financial challenges of running a legal practice. From managing client retainers and fluctuating billings to structuring your practice efficiently, navigating the financial side of law can be complex. Our team of tax accountants in Oakville guides you every step of the way, ensuring your filings are accurate and helping you retain as much of your hard-earned income as possible.
Personal Taxes
Separating personal and business taxes as a self-employed lawyer or partner in a firm can be complicated. We provide clear guidance and handle your filings, including your T1 Individual Income Tax Return and any statements of professional earnings, so you can focus on serving your clients.
Setting up a Legal Professional Corporation
Structuring your practice properly is critical. We manage the entire process to make it seamless, including name searches, incorporation filings, initial return submission, and setting up all necessary accounts with the CRA.
Corporate Tax Filing
Legal Professional Corporations must file annual corporate tax returns, and doing it correctly can save significant money. Our experienced tax accountants in Oakville handle your T2 corporate tax return, issue T4 and T5 slips, provide guidance on eligible tax deductions, and offer unlimited accounting support year-round, including full representation with the CRA.
Bookkeeping Services for Lawyers and Legal Professionals
Legal professionals often face heavy workloads and tight deadlines. We take bookkeeping off your plate so you can focus on your clients and practice growth. This includes monthly bookkeeping and monthly P&L reporting.
Serving Lawyers and Legal Professionals across the GTA
Burlington • Oakville • Milton • Toronto • Mississauga • Brampton • Vaughan • Markham • Richmond Hill • York • Hamilton
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We are happy to show how our accounting and tax services for lawyers and legal professionals in Oakville, Burlington, Milton, Toronto, and Mississauga can help you maximize income, grow your practice, and protect your wealth.
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Discover how our tailored accounting and tax services can help your legal practice thrive.
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