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If you're in the legal profession, the idea of tracking the money that comes into your business in a way that can be tracked and analyzed can seem like an insurmountable task. It's important to know where your money is coming from and how it flows through your business. Once you have a basic understanding of accounting procedures, you'll be able to make more informed decisions about your finances and improve your overall business. The main thing to keep in mind when deciding on an accounting solution for law firms is that no two businesses are alike. There isn't one solution that fits all types of companies.

Forensic accounting is the field practice of accounting, which investigates whether firms or businesses commit financial fraud.

Beginning July 1, 2020, California's paid family leave program (“PFL”) will provide partial wage replacement benefits for up to eight (8) weeks in a 12-month period, which is an increase from the maximum six weeks currently available. Employees can use PFL to care for a seriously ill child, parent, parent-in-law, grandparent, grandchild, sibling, spouse, registered domestic partner, or to bond with a child within one year of birth or adoption. However, PFL does not provide job protection to the employee, but other state and federal laws such as the federal Family and Medical Leave Act (FMLA) and the California Family Rights Act (CFRA) do provide such protection. In order to receive eight weeks of benefits, a claim for PFL must be filed on or after July 1, 2020. For example, if a worker files a claim for PFL benefits before July 1, 2020, that worker is eligible only for a total of six weeks of benefits.  For additional information about PFL, please click here Tips Employers which communicate paid family leave benefits in their employee handbooks should consider updating their policy, including providing their employees updated state brochures on the revised benefit as soon as possible.