ColoradoBiz Magazine
Best financial practices for the best attorney tax return
Whether you ve had a law practice for years or are new to the field, taxes are no walk in the park
January 18, 2021
Whether you’ve had a law practice for years or are new to the field, taxes are no walk in the park. You went to law school, not business school. Why do you have to worry about numbers? Simply put, a law firm can’t run itself. Your legal practice’s success rests on running it like a business, including keeping the taxes up to date.
For attorneys, taxes can be full of disdain and confusion. However, accounting, taxes, and compliance are financial indicators of how well your firm is doing. If you need help with your taxes, that’s a good thing as it means you’ve been successful and made money. Here are some considerations for making tax returns easier for law firms.
Where The US Is One Year After First COVID Case Confirmed
KEY POINTS
The severity of the situation was routinely discounted
The global death toll is fast approaching the 2 million mark
Thursday marks one year since scientists confirmed the first case of COVID-19 in the United States. Described as a mysterious new virus at the time, the infection has led to a global pandemic that triggered an unprecedented breakthrough in vaccine development but left nearly 2 million people dead and pushed the global economy deep into recession.
“A male patient carrying the mysterious respiratory virus is currently at a medical center in Everett, Washington,” International Business Times noted on Jan. 21, 2020. “The virus, which was first detected in the central Chinese city of Wuhan, has killed six people and sickened 300 others in China.”
Big U.S. banks are awash with capital, trading like it’s the end of days, and raising abundant capital for their clients. Employees’ pay has held up, and shareholders will soon be the happy recipients of sizeable stock buybacks. But there’s something missing: the lenders.
Small businesses anxiously await more COVID-19 assistance, set to start next week
With a pandemic that has knocked many small businesses to their knees, they await more assistance set to start going out to them next week. Author: Malik Jackson Updated: 6:42 PM EST January 15, 2021
KNOXVILLE, Tenn For small business, many may be able to breathe a sigh of relief as a new wave of much-requested assistance is on the way in the form of nearly $300 billion in federal funding set aside for them. There were some months where we didn t have any orders or any events said Lynnez Gray-Thompson.
For many like Lynnez Gray-Thompson s Get cha Po-boy, the pandemic has knocked them to their knees.