Invoicing is the foundation for many organizations, especially law firms. Getting paid quickly and fully is vital to a law firm’s cash flow. Cash flow enables firms to invest in...
Simple Steps for Improving Your Billing Process
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Improve Your Partner Comp System
Partner compensation is one of the trickiest areas of running a successful law firm. Establishing a fair compensation system is difficult as each partner has his or her own goals...
The End of Tax Season has Arrived
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Maximizing your Social Security Benefits
Figuring out which Social Security benefits you are eligible for and the timing to apply is no simple task. It involves sifting through what seems to be countless rules which...
FASB Releases New Leasing Standard
The Financial Accounting Standards Board recently issued its new lease accounting standard. This update has been a long time coming, having been in the works for nearly a decade....
Do you have a tax return due March 15th?
Do you have a business tax return due March 15, 2016? All corporate tax returns (Form 1120, 1120A, and 1120S) that use the calendar year as the tax year are due on March 15,...
Identity Theft and Your Taxes
If you have tried to electronically file your tax return only to find out that the IRS says you have already filed, then you may be a victim of identity theft. Call WABC...
WABC Participates in University of Maryland Children’s Hospital Gift Wish List Toy Drive.
WABC collected boxes of new toys for the children and teens at the University of Maryland Children’s Hospital. Gifts of toys, decorations and time go a long way towards...
Andy Garrett Named Chairman of the Year!
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Improve Revenue Streams
In order to maintain a steady stream of cash, a law firm needs to have a standardized billing policy. The primary issue in maintaining incoming cash is determining whether...