Searching for a bookkeeping and accounting solution for your patent law practice? We manage your financials, giving you more time to focus on your important legal cases. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Searching for a bookkeeping and accounting solution for your patent law practice? We manage your financials, giving you more time to focus on your important legal cases. Try us for free.
Our crew dedicates time to thoroughly comprehend your patent law firm, respond to your inquiries, assist in connecting your accounts, and demonstrate how Accracy operates.
Every month, your dedicated bookkeeper categorizes your firm's transactions and compiles financial statements for your patent law practice. Should they require any additional information from you, they'll reach out directly.
Every month, your dedicated bookkeeper categorizes your firm's transactions and compiles financial statements for your patent law practice. Should they require any additional information from you, they'll reach out directly.
We are committed to providing you with regular updates on your bookkeeping status. Do you have any urgent concerns that simply can't be put off? Rest assured, our team will respond back to you within one business day or even less.
Our platform is specially designed to streamline data inputs from numerous major providers, helping you mitigate typical errors. We collaborate with top-notch merchants such as Gusto, Stripe, Shopify, and Square ensuring that your financials are consistently precise. Trust Accracy Accounting for all your bookkeeping needs as a patent lawyer.
Say goodbye to stacks of case files and hours lost to tedious manual tracking — we streamline inputs directly from linked accounts. Gain insights from one centralized dashboard so you can effortlessly understand the financial standing of your patent law practice and make strategic decisions.
For patent lawyers, the pulse of day-to-day operations is fast-paced, with little room for error. The complexities of handling patent applications, drafting legal arguments, and navigating complex legislation often leaves little time for managing financial books. That's where Accracy steps in. We provide online bookkeeping services specially tailored to your profession's unique needs. We understand the varied income streams that may come from client billing, patent filings, and litigation settlements, as well as the expenses often incurred from research, continuing education, and malpractice insurance premiums.
Accracy also understands the specific tax laws and regulations that apply to patent lawyers. We provide the guidance you need to leverage available deductions such as professional dues, legal research costs, and even home office expenses. Our team will not only ensure that your day-to-day transactions are accurately recorded and categorized but also prepare your financial statements and tax filings. In addition, our intuitive software coupled with a dedicated team of human bookkeepers provides a seamless and personalized service, allowing you to focus more on servicing your clients, all while remaining complaint and maximizing your profits. Accracy's innovative approach to bookkeeping is simply revolutionizing the way patent lawyers manage their finances.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
A patent lawyer can appropriately track and categorize income from different cases or patents through a robust bookkeeping system. This system can be designed to account for every case individually, making it easier to track income, expenses, and profitability.
When it comes to income from different patents, bookkeeping can be even more crucial. Patent lawyers often deal with various streams of income, including royalties, licensing fees, and other forms of revenue generation from their patents. Different patents might generate income at different rates and at different times, making tracking and categorization even more complex.
Accracy Accounting provides a seamless bookkeeping solution for patent lawyers that integrates with their current systems and tracks income on a per-case or per-patent basis. With our help, tracking and categorizing your income doesn't have to be a time-consuming and tedious process.
Typical tax deductions for patent lawyers may include:
Exact deductions will vary depending on individual circumstances, and it's always recommended to consult with a tax professional for personalized advice.
Accracy Accounting provides comprehensive services when it comes to managing IOLTA (Interest on Lawyers' Trust Accounts) and other client funds. Our skilled bookkeepers are trained in legal accounting standards, providing precise tracking, recording, and reconciling of transactions related to client funds. We ensure strict adherence to law firm accounting regulations to maintain trust and transparency. In addition to regular accounting services, we also provide insightful financial reports that can assist law firms in their decision-making process and remain compliant with regulations. This way, Accracy Accounting significantly reduces the administrative burden and risk of mismanagement associated with IOLTA and client funds, giving lawyers more time to focus on their legal practice.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership