Silver Peaks CPA

Blog

Practical and insightful articles related to law firm financial management. Learn to produce sustainable financial freedom from law firm-specific financial insights and strategies.

Law Firm Profitability: How to Identify and Eliminate Hidden Costs

As a law firm, achieving profitability is crucial for long-term success. However, it can be challenging to identify and eliminate hidden costs that eat away at your bottom line. In this blog post, we...

Taming Time Theft: Strategies to Maximize Billable Hours

As a law firm owner, you know that maximizing billable hours is crucial for the success and growth of your business. However, it’s easy to fall victim to “time theft” – the...

Mastering Financial Success: 5 KPIs Every Law Firm Owner Should Track

As a law firm owner, you’re not just in the business of practicing law; you’re also running a business. And like any business, keeping a close eye on your financial performance is crucial...

Demystifying Trust Accounting: A Guide for Law Firms (and Your Peace of Mind)

As guardians of justice and protectors of client interests, law firms shoulder a significant responsibility when it comes to handling client funds. Trust accounting, often viewed as a labyrinth of...

Streamlining Law Firm Accounting: Top Tech Tools & A Free Toolkit to Boost Efficiency 

Lawyers wear many hats. They’re legal strategists, client confidantes, and sometimes, even budget managers. But for most firms, accounting tasks can be a major time drain, diverting focus from...

10 Mindset Shifts To Make More Money In Your Business

Are you struggling to take your business to the next level?  Maybe you feel like you’re doing everything right, but you’re still not seeing the results you want. The truth is, making more...

Is It Time to Consider a Fractional CFO for Your Law Firm?

Are you feeling overwhelmed by the numbers in your law firm? Do you find yourself struggling to understand what they truly mean? If so, it might be the right time to consider hiring a fractional CFO...

Easy Tips to Keep Your Law Firm Safe from Fraud

Running a small law firm takes a lot of heart and hustle. But in all the busyness, it’s easy to miss some sneaky threats to your finances. Let’s talk about some common financial fraud and...

Avoiding Tax Headaches: Common Financial Mistakes Law Firms Make

Running a law firm comes with many challenges, especially when it comes to managing money. While many firms hire bookkeepers mainly for tax filing, having accurate financial records is important for...