Before you drain the firm’s bank account to save on taxes, listen to this. Danielle Hendon of 4 Corners CFO returns to the Accountants Law Pod with her Q4 playbook for setting your law firm up for a stronger Q1.

Steve Libhart, Sarah Prevost, and Lynda Artesani talk with Danielle about why spending a dollar to save twenty cents rarely pays off, how to keep a cash cushion going into the new year, and how the rule of thirds can guide budgeting, compensation, and bonuses. The conversation also covers worked vs. billed vs. collected dollars, why attorneys shouldn’t be the ones chasing collections, S Corp salary and distribution strategy, keeping business and personal expenses separate, and why now is the time to raise your rates.

Connect with Danielle on LinkedIn or visit 4cornerscfo.com, where you can take her quiz to see how much money your firm may be leaving on the table.

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Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed, produced, and edited by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.

The stories we share from the field are meant to educate, never to shame. We have deep respect for attorneys and the complexity of running a firm, and we recognize that many of the mistakes we discuss happen simply because no one ever explained the rules.