Law Firms & Attorneys Tax & Accounting | OnPoint Business Tax & Accounting
Industry Expertise
Law Firms & Attorneys
Tax and accounting solutions built for legal professionals in NYC & NJ.
Law firms and solo attorneys face some of the most complex tax situations in any profession — from partner distributions and trust accounting to deductible bar dues and home office expenses. OnPoint Business Tax & Accounting has deep experience helping legal professionals minimize their tax burden, stay compliant, and focus on their clients.
Common Tax Challenges for Law Firms & Attorneys
We understand the unique financial pressures your industry faces — and we know how to solve them.
Partner & Shareholder Distributions
Properly structuring K-1 income, guaranteed payments, and profit distributions to minimize self-employment tax.
Trust Account Compliance
Keeping IOLTA and client trust accounts separate and compliant with state bar requirements.
Deductible Business Expenses
Maximizing deductions for bar dues, CLE courses, malpractice insurance, and office expenses.
Quarterly Estimated Taxes
Avoiding underpayment penalties with accurate quarterly estimates for partners and associates.
Entity Structure Optimization
Choosing between LLC, S-Corp, or PC to reduce self-employment tax and protect personal assets.
Retirement Planning
Setting up SEP-IRA, Solo 401(k), or defined benefit plans to shelter significant income.
Services We Provide for Law Firms & Attorneys
OnPoint Business Tax & Accounting delivers tailored tax and accounting services designed specifically for your industry's needs.
- Business and personal tax preparation
- Partnership & S-Corp tax returns (Form 1065, 1120-S)
- Quarterly estimated tax planning
- Payroll processing for law firm staff
- Bookkeeping and monthly financial statements
- Entity formation and restructuring advice
- IRS and state audit representation
- Retirement plan setup and contribution planning
Why OnPoint?
NYC & NJ's Trusted Business Tax Experts
- Circle of Excellence 2025 Award Recipient
- 5-star rated on Google Reviews
- Serving NYC & NJ businesses for over a decade
- Flat-fee pricing — you know the cost upfront, always
- 100% in-house — your work is never outsourced or offshored
- Bilingual staff — English & Spanish
- In-person, virtual, and drop-off options
Ready to Reduce Your Law Firm's Tax Bill?
Schedule a free consultation with our team and discover how much you could be saving. We serve law firms and attorneys throughout NYC and NJ.