Kimberly DeCarrera, Fractional General Counsel and Fractional CFO

Preparing Your Law Firm for a Recession

A lot of economic experts have started talking about the "R" word -- recession -- lately. It's scary out there, but that doesn't mean that your law firm can't be prepared to take on this economic cycle in stride and

Why Customer Concentration is Such a Giant Risk

I know you've heard the phrase, don't put all your eggs in one basket. But that is exactly what you are doing when you have a high customer concentration. Customer concentration is when you have too much revenue coming from

Preparing Your Business for an ICE Raid

In all my years as a corporate attorney, CFO, and consultant, I never expected that I'd be writing up ICE policies for my clients. But yet, here I am, having to prepare my clients - a mix of law firms,

Unclaimed Property: The Answer to Law Firm IOLTA Uncashed Checks

As lawyers, we know we have to stay on top of our trust accounts. This includes getting the funds out to clients or third-parties promptly as well as tracking all the funds that go in and out of the account.

The Changing Legal Landscape of HR in 2025

Do you have employees? Then you need to watch this webinar from Kimberly DeCarrera of Springboard Legal and Gwenevere Crary of Guide to HR as they discuss all the changing employment laws and best practices as we enter 2025. Recorded

Lawyers: Don’t Use the Firm’s Bank Account as a Personal Piggy Bank

When you setup a law firm, or really any business, one of the first things that we tell you is to separate out your business transactions from your personal transactions. It's important for concepts like protecting the corporate veil, making

Bench Accounting Closes: Next Steps for Clients

On Friday, Bench Accounting, the Canada-based online bookkeeping and tax platform, abruptly announced that it was closing, effective immediately. Suddenly, Bench's clients were unable to access their data and information. That's a scary situation for businesses, especially as it is

A Guide to Conducting a Tech Audit to Save Money

Every fast growth company gets software bloat over time. It's why I regularly recommend that my clients conduct a tech audit, where you take a look at all the software, SaaS, and related accounts to make sure you are paying

Google Cracking Down on Site Reputation Abuse SEO Tactics

Marketing businesses online generally means a business website. Finding that website is often the work of online searches through Google and other search engines. That's where SEO comes in - search engine optimization. This week, Google announced that they are

Should I Buy A Business Vehicle to Save on Taxes This Year?

Now that Halloween is over, you may start to look at year-end tax planning and be pretty scared of what you are facing, if you've had a good year. You are looking at that P&L and seeing all that profit,