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Accounting and Financial Planning for Law Firms

December 2008

Help Insulate Your Firm with Careful Year-End Planning

By Phillip A. Bottari and Richard G. Hoffman

Notwithstanding the slowing economy, there are opportunities to strengthen the firm’s finances and those of individual partners. The key in this or any year is careful tax planning — including year-end tax projections — that will help lessen federal and state tax liabilities, prepare for possible exposure to the alternative minimum tax, and discover potential ways to save and streamline.

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