Have you considered the possibility that the bills you currently send out to your clients might become part of an IRS audit?
This scenario begins when your client claims a deduction of legal fees and costs on his or her personal or business income tax returns. It could put you into the middle of a conversation with your client Cheap Victor Martinez Jersey , your client鈥檚 tax preparer, and federal and state income tax authorities.
The questions in this scenario are whether you use Easy Soft鈥檚 legal billing software and whether you use it to your client鈥檚 strategic income tax benefit?
At issue could be hundreds of dollars in income tax liability for your client.
Lawyers鈥?fees carefully documented through our attorney billing software may be eligible for income tax deduction if they are incurred to create taxable income. In the family law arena, for example, money paid by clients to lawyers to create income in the form of alimony and alimony collections might be deductible on clients鈥?income tax returns.
So how do you use Easy Soft鈥檚 attorney billing software to help your client appropriately deduct legal fees Cheap Miguel Cabrera Jersey , save on taxes, and become a hero in the process?
First, identify the potential income tax deduction for your client as soon as you start to work on the case. Notify your client of the tax deduction opportunity and recommend a conference with the client鈥檚 accountant or tax preparer. Itemize all of these activities, using your Easy Soft lawyer billing software.
Second Cheap Nick Castellanos Jersey , use your Easy Soft legal billing software to record descriptions of professional services and expenses that clearly describe your services as income-generating activity for your client. For example, in your time entries in your Easy Soft attorney billing software, use phrases like 鈥渃ompute temporary alimony utilizing New York鈥檚 mandatory formula鈥?and 鈥渃reate alternative alimony scenarios for settlement proposal鈥?or 鈥減roduce reports to discuss alimony figures with client for her pre-approval to include in settlement proposal.鈥?p>
Third, take a good look at the information you are inputting into your Easy Soft attorney billing software. Are you being paid with a personal check for personal work and a business check for business work? The deduction scenario can also crop up when a client claims a business expense for legal fees that have nothing to do with his or her business.
In any one of these scenarios Cheap Kirk Gibson Jersey , your best response will come from having created and maintained accurate and detailed billing records using your Easy Soft lawyer billing software. With our legal billing software, you retain your database of entries, you can retain electronic .pdf andor Word copies, and you can generate and store paper copies.
Our attorney billing software may just be the best antacid we can legally prescribe for a client income tax audit.
Ivon Lerdorf - About Author: A comprehensive guide for law firms to understand Cheap Al Kaline Jersey , evaluate and select proper lawyer billing software, law office management software, legal time and billing software
In recent years the issue of Alternative Healing has taken the medical world by storm.
A 2004 government survey concluded that more than one third of adults use some form of alternative medicine and healing. Many of those using alternative therapies do not even discuss them with their traditional healthcare practitioners.
One facet of this burgeoning interest is Herbal Medicine. While it may seem "trendy" to some, Herbal Medicine has been around for thousands of years. In fact Cheap Alan Trammell Jersey , many of the familiar pharmaceutical medications we use today were originally created from "natural" ingredients. Drugs like opium (from poppies), aspirin (from willow bark), digitalis (from foxglove) and quinine (from the cinchona tree.)
What is Herbal Medicine?
Herbal Medicine is the use of botanicals (plants) either singularly or in combination to prevent and treat certain ailments and illnesses.
People native to different geographical locations have long used plants and plant extracts to cure specific maladies. Sometimes referred to as "folk" medicine, it is generally recognized that there are three schools of research one can follow with regard to the history of these treatments.
There is the study of medicines based on Greek Cheap Tigers Hats , Roman and medieval sources, which is largely used by Western schools of thought, Ayurveda which comes from India, and the Eastern tradition of Chinese Herbal Medicine. Rather than separation Cheap Tigers Hoodies , these different schools of thought provide more commonality than division.
It stands to reason that most ancient peoples used plants that were native to their geographical location, which provides sound reasoning as to why different schools of thought exist. All three of these modalities at one time included both philosophical and spiritual aspects along with the scientific knowledge that existed within a specific time frame. In the study that determined one third of Americans used alternative therapies, the same number surveyed showed a dramatic increase in positive results to more than 60% when "prayer" was included in the mix.
Ayurveda, loosely translated to "knowledge of life Cheap Tigers Shirts ," is the ancient Indian system of medicine. Dating back to more than 6,000 years ago, Ayurvedic Medicine practiced not just Herbal Medicine, but some of the earliest surgical procedures as well as inoculation.
Over the years Ayurvedic Medicine became increasingly symptomatic as opposed to treating the root cause of disease Cheap Tigers Jerseys , which originally was steeped in strengthening the immune system
With all our so-called advancements in the medical field, it's interesting that physicians are still treating "effect" rather than "cause."
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