Law Firm Accountant Vancouver, BC

Law Firm Accountant Vancouver

Accountant for Lawyers & Law Firms in Vancouver

At Soleimani Accounting CPA, we provide specialized accounting services for law firms and legal professionals across Vancouver. As an experienced law firm accountant, we understand the unique financial, regulatory, and trust accounting requirements that lawyers face. Our goal is to ensure compliance, improve financial clarity, and support the long-term success of your practice.

What Can Our Accountant for Lawyers Help You With?

Law firms operate under strict financial and reporting obligations. From managing trust accounts to tracking billable hours and handling partner compensation, legal practices require precise and compliant accounting systems.

As your trusted accountant for lawyers, we help you maintain accurate records, meet tax obligations, and streamline your firm’s financial processes. Whether you are a solo practitioner or a multi-partner firm, we tailor our services to your structure and growth stage.

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Law Firm Accounting Services in Vancouver

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Tax Services for Law Firms

The Canadian tax system offers opportunities to reduce tax liabilities, but compliance is critical for regulated professions.

We provide:

  • Corporate tax return preparation (T2)
  • Personal tax returns for partners and associates
  • GST/HST filings
  • Payroll remittances
  • Partner compensation and dividend planning
  • CRA audit support and advisory
  • Tax planning strategies for incorporated lawyers

Law Firm Bookkeeping & Trust Accounting Support

Accurate bookkeeping is essential for legal practices, especially when handling client trust accounts.

Our law firm bookkeeping services include:

  • General bookkeeping (monthly, quarterly, annual)
  • Trust account reconciliation support
  • Expense tracking and categorization
  • Payroll setup and management
  • Financial record organization
  • Preparation of year-end financial statements
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Accounting & Assurance for Law Firms

Reliable financial statements give you insight into your firm’s profitability and support lending or partnership decisions.

We offer:

  • Review Engagements
  • Compilation of financial statements (Notice to Reader)
  • Financial projections and budgeting
  • Cash flow analysis
  • Future-oriented financial statements

Supporting Your Law Practice at Every Stage

Whether you’re opening your first solo practice or managing an established firm, we provide accounting services tailored to your needs:

  • Review financial statements
  • Compilation of financial information
  • Tax planning and restructuring
  • Assistance with tax audits and advisory services
  • Preparation of financial projections
  • Corporate and personal tax preparation
  • Ongoing law firm bookkeeping

Supporting You At Every Stage

The Importance of Specialized Law Firm Accounting

Law firms have unique financial structures, including contingency fees, retainers, and partnership distributions. Without proper accounting systems in place, firms risk compliance issues or missed financial insights.

Working with a dedicated accountant for lawyers ensures your practice remains organized, compliant with Canadian tax laws, and financially positioned for long-term success.

Client Testimonials

We have been working with Mona Soleimani for over 5 years now. Our business is not a typical business and from day one Mona was able to competently manage all our accounting needs. We are fortunate to have Mona work with us as she is professional, knowledgeable and is very efficient, allowing us to concentrate on other aspects of our business knowing that the accounting side is well managed.

DARLENE SELIGMAN, Vice President @ ARKTOS Developments Ltd

Mona Soleimani is a highly skilled accountant who has added much value to Skills Canada BC. Not only has Mona excelled at setting up financial reporting systems for us, Mona has helped the organization save money and maximize revenue opportunities along the way.

ELAINE ALLAN BA. MBA , Executive Director, Skills Canada BC

Soleimani Accounting, Chartered Professional Accountant, provides first class accounting services with the highest integrity. As a new technology start-up company they have worked hard to get all our finance infrastructure set up and ready as we launch the our new company. Thank you for your continuing great service.

MICHELLE MOLLINEAUX, Co-Founder & CEO KoolProjects Media

Mona has given me great service at a reasonable price for my small business. She understands the limited resources available to a small company and makes it easy to talk about my goals for my company. I would recommend her to anyone needing a reliable and ethical accountant.

STEPHANIE FROLEK , Making Calm Out of Chaos

Mona is friendly, personable, and very competent accountant. I regularly contact Mona about accounting and tax questions that I come across during my practice and I am always impressed by the breadth of Mona’s knowledge and expertise. I have no hesitation recommending my friends, family and clients to Mona.

L. HAMILL

FAQ’s

Nothing is more important than the relationship between yourself and your accountant. You want to feel like you are being listened to and that they have your interests at heart. In the interview these questions might act as a guide for the conversation, but also trust your gut instinct to feel out whether there is a good match of personalities.

  • What are your qualifications? 
  • What types of clients do you work with? 
  • What are your fees? 
  • What Technology Do You Use?
  • How do you keep up with changes in your profession?
  • What is your response time if I email, or call you?
  • Why should I use your firm?

As your company grows, and there is more demand for your time during your working day, you may find you need the support of an accountant. For sure, you can do your own accounting for your small business, many owners do just that. But maybe business owners often say that they wish they made the decision earlier instead of leaving it to the last minute.

You should hire an accountant for your small business when you need help with the collection, analysis and reporting of financial information. Accountants can interpret your financial data in order to help you make better business decisions when it comes to your company’s money.

To find and hire the right small business accountant, consider these 5 steps;

  1. Identify your needs. The first step in hiring an accountant is identifying what level of financial help you need
  2. Do you need full-time or part-time accounting?
  3. Post a job, ask a friend, post in FB groups, and ask around your network circles
  4. Prepare interview questions for the first meeting
  5. Interview, sign, and onboard

Learn more choosing the right accountant

Many small businesses prefer to have an accountant or other certified tax preparer complete their Canadian income tax returns. Using an Accountant to prepare your income tax returns in Canada can help alleviate a lot of stress and time on the part of the business owner.

Part of running a successful business is knowing how Canadian income taxes are filed and prepared, which can help you get the best return. This includes understanding which business expenses qualify as legitimate Canadian income tax deductions

First step… don’t panic! If you have a diligent small business accountant on your side, you should have most things covered.

If you’ve been selected for an audit, the auditor will contact you to arrange for a convenient time for a meeting with you or your accountant.

Canada Revenue – What else you should know about audits

BC Govt tax audit information

Navigate to payments to CRA and follow the instructions by choosing whether you are a business, or filing as an individual.

How to pay your business taxes online

  1. Sign in to your financial institution’s online banking service for businesses.
  2. Under “Add a payee” look for an option such as:
    • Federal – Corporation Tax Payments – TXINS
    • Federal – GST/HST Payment – GST-P (GST-P)
    • Federal Payroll Deductions – Regular/Quarterly – EMPTX – (PD7A)
    • Federal Payroll Deductions – Threshold 1 – EMPTX – (PD7A)
    • Federal Payroll Deductions – Threshold 2 – EMPTX – (PD7A)
    • Federal – Canada emergency wage subsidy repayment
  3. Enter your 15-digit business number as your CRA account number.
    Make sure the number is accurate so that the CRA can apply your payment correctly.

Generally, corporations have to pay their taxes in instalments. The balance of tax is paid two or three months after the end of the tax year depending on your balance-due day. Learn more about corporation payments.

We direct you to the Canada Revenue website which is a great resource for information on how to file your own taxes.

File your taxes online or by paper, or find other options to have someone else complete them for you:

  1. Certified tax software (electronic filing)
  2. Authorize a representative.
  3. Community volunteer tax clinic.
  4. Discounter (tax preparer)
  5. Paper tax return.
  6. Automated phone line (File my Return)

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