A Chapter of the Association of Legal Administrators

What is all the talk about the Tax Reform Act of 2014?  What is the big deal regarding conversion from cash accounting to accrual accounting?  How do you answer your managing partner when he asks you how this conversion impacts your firm? Join this webinar to get help understanding the Tax Reform Act of 2014’s proposed mandatory requirement to use the accrual method of accounting for law firm accounting.
Objectives:

• Discuss the proposed legislation and its current status
• Identify the financial burdens and hardships the requirement might create for law firms
• Determine the practical steps to make a conversion from cash basis to accrual basis accounting