Trust & IOLTA compliance
Client funds must be tracked to the penny and never commingled. The bar's rules leave no room for error.
Ellsworth & Stout, CPAs specializes in servicing attorneys and legal professionals with their tax and accounting needs — from trust and IOLTA compliance to litigation support — so you can focus on practicing law.
Between client trust funds, irregular contingency income and strict bar compliance rules, legal accounting carries risks a generalist can easily miss. One mistake in a trust account can put your license — not just your books — on the line.
Client funds must be tracked to the penny and never commingled. The bar's rules leave no room for error.
Contingency fees and long case cycles make income lumpy — and tax planning harder to get right.
Partner draws, profit splits and entity choices add layers of tax complexity most firms navigate alone.
Meticulous handling of client trust funds and IOLTA accounts that keeps you fully bar-compliant.
Financial analysis, damage calculations and clear reporting that strengthen your case at every stage.
Credible CPA testimony and forensic accounting that hold up under cross-examination and scrutiny.
Proactive, year-round strategy that smooths lumpy income and minimizes what your firm owes.
Structure your firm as a PLLC, LLP or S-corp to balance liability protection with tax efficiency.
Clean monthly books and compliant payroll for partners, associates and staff — handled reliably.
You get a CPA partner who understands bar compliance, trust accounting and the economics of a legal practice — and who is available when the case clock is running.
Yes. We maintain client trust and IOLTA accounting to the standards your state bar requires — reconciling regularly, keeping client funds properly segregated and ensuring you stay fully compliant.
We do. Our CPAs prepare financial analysis, damage calculations and forensic accounting, and can serve as expert witnesses with clear, defensible reporting that holds up under cross-examination.
Through proactive tax planning built around lumpy income — estimating liabilities, timing deductions and setting aside the right amounts so a large settlement year never becomes a tax surprise.
It depends on your partners, income and liability concerns. We evaluate structures such as a PLLC, LLP or S-corp election and recommend the one that best balances liability protection with tax efficiency for your firm.
Join the attorneys and legal professionals across Las Vegas who trust Ellsworth & Stout for trust accounting, tax planning and litigation support. Your first consultation is free.