by Jacques Tjonasan | Jan 21, 2022 | Blog, Financial Reporting, LSO Compliance
Law firm accounting can be difficult. Not only are there the usual aspects of corporate accounting, such as payroll, office purchases, profit and loss statements, and balance sheets, but there are also issue costs and income allocation to consider. Lawyers must...
by Jacques Tjonasan | Dec 15, 2021 | Blog, Financial Reporting
Accounting and bookkeeping for lawyers may be a hassle, especially for those who would rather be practicing law than calculating numbers. As a result, bookkeeping may often be delegated to an assistant or someone with little or no financial training. This results in...
by Jacques Tjonasan | Nov 25, 2021 | Blog, CRA Compliance, Financial Reporting
The role of technology in the legal profession is becoming more important. Technological advances have made ordinary work in a law office easier and more efficient for everyone. For many law firms, the appropriate legal technology is the great equalizer. It allows...
by Jacques Tjonasan | May 6, 2020 | Blog
During these times we have seen an increased amount of e-transfers, mobile deposits, and other lawyer initiated transfers etc. With the help of COVID, it is forcing every aspect of law firms to become automated. From virtual consultations to accepting and initiating...
by Jacques Tjonasan | Mar 20, 2020 | Blog
On March 13, 2020, Minister of Finance Bill Morneau, Governor of the Bank of Canada Stephen Poloz, and Superintendent of Financial Institutions Jeremy Rudin outlined a coordinated package of measures to support the functioning of markets, the resilience of our...
