Julie Brook, of CEB, reports that if you’re opening your own law firm, you need to pay attention to tax issues.  She states that here’s an overview of some tax issues to keep in mind when starting your law practice:

  • Withhold from employee pay.
  • Don’t withhold from independent contractor pay.
  • Make federal and state unemployment tax deposits.
  • Make any required estimated tax payments.
  • Pay your payroll tax

via Opening a Law Practice? Pay Attention to Tax Issues | CEB® – JDSupra.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.