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Tax tips every lawyer should implement now

Thursday, December 21, 2017 @ 8:17 AM | By David Rotfleisch

This is part one of a two-part tax planning series for lawyers.

Ideally, tax planning should be an ongoing process that lawyers, like other entrepreneurs or employees, focus on all year long. Given our busy schedules many lawyers pay attention to tax planning at year end, if at all. So here are some tax planning tips that, for the most part, should be implemented now.

1. Valuation of work in progress

 As a result of the March 2017 federal budget, professionals are required to value their...