Tax Accountant for Lawyers & Law Firms
1000+
Satisfied Clients & Partners
AFFORDABLE Accountants for Lawyers & Law Firms
Managing finances as a law firm or legal professional requires precision, compliance, and strategic planning. Gondaliya CPA offers affordable accounting services tailored specifically for lawyers and law firms across Ontario. From bookkeeping and tax filing to financial reporting and cash flow management, our CPA-led team ensures your practice stays compliant with CRA regulations while optimizing profitability.
Whether you run a solo practice or a growing firm, we provide reliable, cost-effective accounting solutions designed for the unique needs of the legal industry.
Official Partner
Accounting That Understands How Law Firms Operate
Handling finances for law firms requires more than general bookkeeping—it demands knowledge of IOLTA trust compliance, partner draws versus salaries, and proper disbursement tracking with HST. Gondaliya CPA works closely with lawyers to ensure accurate records, timely reporting, and compliance with all CRA and regulatory requirements, helping you focus on your practice while we manage the numbers.
Client Trust Fund Management
Reconcile trust ledgers and maintain IOLTA compliance.
Work-in-Progress & Retainers
Track billable hours, retainers, and fee allocations.
HST on Fees & Disbursements
Correctly calculate and report HST for all transactions.
Partner & Associate Compensation
Manage draws, salaries, and T4/T4A reporting.
Navigating Law Accounting & Compliance
Trust Account Compliance
Maintain IOLTA/retainer account integrity and accurate reconciliations.
Partner & Associate Accounting
Track draws, salaries, and prepare T4/T4A slips correctly.
Disbursement & HST Tracking
Ensure proper recording of client disbursements and HST on fees.
Why Law Firms Trust Gondaliya CPA
Specialized Law Firm Expertise
Decades of experience handling accounting for legal practices.
Trust Account Accuracy
IOLTA and client trust ledgers managed with precision.
Compliance-Focused Solutions
Ensure full CRA, HST, and regulatory compliance.
Transparent Fixed-Fee Pricing
Clear costs with no hidden charges for peace of mind.
Fully Licensed CPA Ontario
500+ ★★★★★ Google Reviews
30-Day Money-Back Guarantee
60-Day Fees-Matching Policy
Accounting and Tax Services for Law Practices
Free Resource: 50 Deductible Expenses for Lawyers & Law Firms
Comprehensive checklist of tax-deductible costs unique to Law Practices. PDF delivered instantly.
Case Studies
2‑Lawyer Family Law Firm in Toronto
Problem: Partners were drawing funds without a tax plan and consistently faced large surprise tax bills at year‑end.
Solution: Implemented a salary/dividend mix, quarterly tax projections, and installment schedule tailored to firm profitability.
Result:
Eliminated unexpected year‑end tax balances.
Partners now know their estimated tax position each quarter and plan draws confidently.
Real Estate Law Office in Mississauga
Problem: HST on fees and disbursements was miscoded, leading to overpayments in some periods and potential exposure in others.
Solution: Reviewed billing and trust workflows, corrected HST treatment on legal fees vs. disbursements, and aligned the GL with CRA rules.
Result:
Identified and recovered prior‑period HST overpayments.
Reduced risk of CRA reassessments by standardizing HST coding on all files.
Corporate Boutique Firm in Vaughan
Problem: Rapidly growing firm had no tax planning around retained earnings, bonuses, or partner profit allocations.
Solution: Designed an annual corporate tax strategy, including year‑end bonuses, dividends, and timing of deductible expenses.
Result:
Lowered overall corporate and personal tax burden while keeping enough cash in the firm.
Created a repeatable year‑end tax playbook the partners now follow every year.
We make managing your finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.
Here’s a simplified process approach:
Step 1
Free Consulatation
Understand practice structure, trust setup, pain points, and connect bank feeds, practice management, and trust ledgers.
Step 2
Ongoing Accounting
Monthly bookkeeping, reconciliations, and HST/payroll filings.
Step 3
Review & Planning
Quarterly and annual review of tax planning, partner results, and KPIs.
Step 4
Year‑End Filing
Prepare T2 returns, T4/T4A slips, and all supporting schedules.
Simplify Your Law Firms’s Taxes Today
Transparent Pricing for Lawyers & Law Firms
Affordable Packages for Lawyers & Law Firms
We believe in clear, upfront pricing so you know exactly what to expect.
Tax Preparation (Corporation): From $400
Tax Return Filing (Corporation): From $400
Tax Compliance Audit – FREE CRA audit support for our clients
Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
Bookkeeping Management (Free for our Accounting clients)
Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month
Meet Our Lead Accounting Advisors for Lawyers & Law Firms
Google Reviews
See all on Google
Google Reviews
See all on GoogleServing Lawyers & Law Firms Across the GTA and Ontario
Toronto (ON)
168 Simcoe St Unit 1118, Toronto, ON M5H 4C9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
FAQs From Lawyers and Law Firm Owners
What accounting services do you offer specifically for law firms and lawyers?
We provide comprehensive accounting and financial management tailored to law firms and individual lawyers. Services include bookkeeping, trust account management (IOLTA compliance), partner and associate payroll, HST reporting on fees and disbursements, T2 corporate filings, and financial planning. Our team ensures your firm stays compliant with regulatory requirements while maintaining accurate financial records for better decision-making
How do you manage IOLTA or trust accounts for law firms?
Gondaliya CPA helps law firms manage client trust accounts accurately and securely. We reconcile trust ledgers, track client funds, monitor disbursements, and maintain compliance with provincial law society regulations. This ensures that all client funds are accounted for, preventing errors, fines, or audits, while giving partners confidence that trust accounting obligations are handled professionally.
How do you handle partner draws versus salary for lawyers?
We structure partner and associate compensation to optimize tax efficiency and compliance with CRA rules. This includes tracking salaries, dividends, and draws separately, generating T4/T4A slips, and advising on the most tax-effective ways to distribute profits. Our CPA-led guidance helps law firm owners make informed financial decisions while minimizing tax risk.
Can you track WIP, retainers, and fee allocations for law firms?
Yes. We provide detailed tracking of work-in-progress (WIP), client retainers, and allocation of billable fees. This allows law firms to accurately measure revenue, manage client balances, and generate reports for partners and management. Proper tracking also helps with HST reporting and ensures transparency for clients and regulatory bodies.
Do you handle HST on fees and disbursements?
Absolutely. We calculate, file, and reconcile HST for billable fees and reimbursable disbursements according to Canadian tax laws. Our approach ensures compliance with CRA requirements, reduces the risk of audits, and allows law firms to reclaim eligible input tax credits.
Can you provide virtual or remote accounting services for lawyers?
Yes. Our CPA-led team offers secure cloud-based accounting solutions, allowing law firms to access financial data, generate reports, and communicate with accountants remotely. This saves time and allows lawyers to focus on practicing law while staying in control of their firm’s finances.
Do you assist with year-end filings for law firms?
Yes. We prepare T2 corporate tax returns, T4/T4A slips, and all necessary supporting schedules accurately and on time, ensuring law firms meet CRA deadlines while optimizing their tax position.
How often do you review financials with law firm partners?
We conduct quarterly and annual financial reviews with law firm partners. This includes KPI tracking, profit analysis, cash flow projections, and tax planning recommendations to ensure the firm’s growth and compliance with regulations.
Can you help law firms with financial planning and strategic advice?
an you help law firms with financial planning and strategic advice?
How do I get started with Gondaliya CPA?
Getting started is simple. Schedule a free consultation to discuss your business needs, accounting goals, and current financial setup. During this initial call, our CPA‑led team will assess your requirements, recommend the right services—whether it’s bookkeeping, tax planning, or startup accounting—and outline a clear plan with affordable, transparent pricing. Once agreed, we onboard you securely and efficiently, so you can focus on growing your business while we handle the numbers.