Law and Quarter

Law and Quarter

Jayden Doye

I'm Jayden Doye and I'm delighted that you've joined me for the Law & Quarter Podcast. I'm known as the Traveling CPA, and I've dedicated my professional life to helping law firm owners reach new heights and catch more flights. I believe that you don't have to be tied to a desk seven days a week to have a profitable firm. That's why I'm here bringing ideas and information that can help you create a first-class firm that pays you the salary you deserve and provides you with the lifestyle you desire. During this podcast, you will learn my Six-Step Profit...

Brand You – Stand Out or Get Out

Brand You – Stand Out or Get Out

Brand You – Stand Out or Get OutIn today's crowded digital world, personal branding is no longer optional—it's essential. In this episode of The Law and Quarter Podcast, host Jayden Doye, CPA, breaks down how law firm owners can craft a unique brand that attracts high-value clients and sets them apart from the noise.Tune in as we dive into:✅ Defining your Unique Value Proposition (UVP)✅ Using your personal story to build trust and connection✅ Avoiding common branding mistakes that weaken your im

Feb 21, • 6:50

Networking 101: Cards, Connection, and Conquer.

Networking 101: Cards, Connection, and Conquer.

Networking 101 – Cards, Connection, and Conquer 🎯Welcome to the Law and Quarter Podcast! In our new episode, host Jayden Doyé, CPA for law firms, kicks things off with a deep dive into networking strategies that work for law firm owners.What You’ll Learn in This Episode: ✅ How to leverage networking to attract new clients and referral partners ✅ The power of generosity in networking and why giving first leads to long-term gains ✅ How to identify the right networking opportunities using the 5 W’

Feb 14, • 5:28

Targeting Big Fish: How to Find Your Law Firm's Niche Market

Targeting Big Fish: How to Find Your Law Firm's Niche Market

In a saturated marketplace, a seasoned lawyer must strategically target a specific niche market and craft a tailored marketing plan to stand out, find their big fish, and convert leads into clients.This episode focuses on targeting a niche market through narrowing down potential clients that have a shared goal or need, how to research and plan marketing strategies, and tips on staying focused on a niche market. Doing research on industry trends and competitors, and creating a sales funnel and ta

Mar 7, 2023 • 18:12

Revenue Goal Setting: SMART Strategies to Maximize Profits

Revenue Goal Setting: SMART Strategies to Maximize Profits

Learn how to set target revenue goals that are both achievable and realistic for your business.Today I discuss revenue goal setting and explain how to set SMART goals for increasing revenue. This includes being specific, measurable, attainable, relevant, and time bound. It also includes understanding the story behind the number, looking at cost per leads, and analyzing what works and what doesn't to maximize marketing dollars."Set SMART goals to increase your revenue and maximize your marketing

Feb 28, 2023 • 10:26

Cash Flow Management: 4+ Bank Accounts to Maximize Profits

Cash Flow Management: 4+ Bank Accounts to Maximize Profits

Discover how to maximize your cash flow and never worry about money management again!Learn about Cash Flow Management with this podcast episode which discusses a new cash flow method that could help improve your firm's profitability. This method involves having four to five bank accounts, including an income account, an operating expense account, a profit account, and a tax savings account. It also includes tips on how to maximize profitability, such as avoiding bad clients, raising rates, billi

Feb 21, 2023 • 18:59

Uncovering the Mystery of IOLTA Accounts

Uncovering the Mystery of IOLTA Accounts

IOLTA Accounts are trust accounts that collect interest and are used to provide free or low-cost civil legal services. Operating accounts and trust accounts are the main difference between a law practice and other businesses. Retainers must go into the trust account, fees come out of the operating account, and money is transferred from the trust account to the operating account when it is earned. Proper record keeping is necessary and a three-way reconciliation report is usually required. Funds

Feb 14, 2023 • 17:19

Budgeting for Law Firm Growth: Maximizing Profit & Efficiency

Budgeting for Law Firm Growth: Maximizing Profit & Efficiency

Today you will learn the secrets of successful budgeting and cost management to save money like a pro!I am back to give you some tips on managing costs and budgeting. When setting income goals, it is important to consider the time, system, and tools necessary to obtain those goals. Additionally, there are both fixed and variable costs to take into account when creating a budget. Finally, tracking progress with a spreadsheet and reassessing plans each quarter help ensure success and meeting goals

Feb 8, 2023 • 9:41

Grow Your Law Firm with Strategic Financial Projections

Grow Your Law Firm with Strategic Financial Projections

Uncover the secrets of successful financial projections and take your business to the next level!Today, you will learn how to create successful financial projections and grow your business, and the importance of planning for a successful law firm. It's important to analyze projected expenses, revenues, and clientele, gather historical data, and create conservative estimates. When creating projections, factors to consider include billing, type of law practiced, geographic location, and economic c

Jan 31, 2023 • 13:51

KPIs for Law Firms: Measuring Performance & Profitability

KPIs for Law Firms: Measuring Performance & Profitability

Learn that Key Performance Indicators (KPIs) are important for measuring progress, setting goals, and ensuring efficiency in law firms. Common KPIs for law firms include billable hours, new client acquisitions, and case is one. Additionally, KPIs can also help measure client satisfaction, marketing efforts, and financial KPIs such as revenue growth, cost containment, and profitability. Lastly, law firms should also measure employee and client churn rates to ensure they are not losing employees o

Jan 24, 2023 • 10:00

Data-Driven Decisions: Master the 3 Financial Statements for Your Law Firm

Data-Driven Decisions: Master the 3 Financial Statements for Your Law Firm

This episode is about the essential financial statements you need for your law firm where I unpack the balance sheet, income statement, and cash flow statement. All three statements are critical for assessing the financial position and profitability of a business. The balance sheet shows assets, liabilities, and equity. The income statement shows revenue and expenses, and the cash flow statement shows the increase and decrease in cash. Additionally, proper categorization and bank account reconci

Jan 17, 2023 • 15:08

Software Switch: Comparing Time & Money to Maximize Your Benefit

Software Switch: Comparing Time & Money to Maximize Your Benefit

This episode is about comparing time & money to help you decide if you should switch software. I will talk about how to determine if it is time to switch software by comparing the savings from labor expenses to the cost of the software. Additionally, you will learn that the implementation cost of the software should be taken into account and that change management could take a while. Lastly, you’ll learn that the benefit of switching software could be much higher than the cost and that it could

Jan 10, 2023 • 10:29

Legal Automation: Free Up Time & Scale Your Firm

Legal Automation: Free Up Time & Scale Your Firm

A determined rainmaker must overcome the challenges of legal automation to reduce labor costs, improve client experience, and scale their firm to multimillion-dollar success. This episode is about the Benefits of automation. I explain how automation can free up time, reduce duplication, provide a better client experience, improve access to data, and help you scale your firm. Additionally, I discussed the advantages of using an all-in-one software such as CosmoLex.  Advantages include a built-in

Jan 3, 2023 • 12:44

Maximize Your Time: Tips for Time Blocking, Organization & Prioritization

Maximize Your Time: Tips for Time Blocking, Organization & Prioritization

Discover the secrets to mastering time management, organization, and prioritization for a successful and stress-free life! This episode is about Time Management, Organization, and Prioritization. Effective time management is key for business success and entrepreneurs must be purposeful when it comes to how they spend their time. This episode provides tips for organizing time, such as time blocking, making lists and prioritizing them, setting up a calendar system, limiting distractions, getting o

Dec 27, 2022 • 17:49

SOPs for Scaling Your Law Firm: 7 Strategies for Success

SOPs for Scaling Your Law Firm: 7 Strategies for Success

In a race against time, a “Chief Everything Officer” must delegate, create Standard Operating Procedures, and manage human capital in order to scale their law firm and protect against costly mistakes. This episode is about the power of Standard Operating Procedures (SOPs). I learned that having SOPs in place is essential for law firms, as they can help reduce risk and increase productivity. SOPs should be established for client onboarding, retainer acceptance, invoicing, progress billing, monthl

Dec 20, 2022 • 20:22

The Pros and Cons of Different Business Entity Types

The Pros and Cons of Different Business Entity Types

As an attorney, it is very important to plan what entity you are going to be from a tax perspective, and today we're going to talk about the pros and cons of each entity type. Are you considering forming a business entity and unsure of what type to choose? With so many options, it can be overwhelming to decide which type of entity is best for your business. From Sole Proprietorship to Limited Partnership to C Corporations and S Corporations, this article will explore the pros and cons of each ty

Dec 13, 2022 • 15:38

Tax Deductions for Firm Owners: Wine-Dine Clients, Travel, Home Office Expenses, and More

Tax Deductions for Firm Owners: Wine-Dine Clients, Travel, Home Office Expenses, and More

This episode is about Tax deductions for businesses. I cover different deductions that firm owners should be aware of such as meals, home office, professional fees, furniture, computers, other equipment, the Augusta Rule, and vacation deductions. Furniture, computers, and other equipment are considered fixed assets, so they must be depreciated and not fully expensed in the year of purchase.  I also briefly cover the Augusta Rule and how it lets homeowners rent their home for up to 14 days withou

Dec 6, 2022 • 16:56

Tax Deductions for Law Firm Owners: What You Need to Know

Tax Deductions for Law Firm Owners: What You Need to Know

In this episode of the podcast, we discuss various tax deductions that law firm owners should be aware of, including strategies like hiring family members and deferring income, to help lower your tax liability. I'm always meeting with law firm owners who are missing out on different tax deductions. It's crazy how much money they're leaving on the table! Today, I want to talk about a few strategies that can help lower your tax liability. The first one is hiring family members. This is a great way

Nov 29, 2022 • 8:25

Tax Mistakes People Make (And How to Avoid Them)

Tax Mistakes People Make (And How to Avoid Them)

The tax planning process is essential for ensuring that business owners are in the right tax entity. However, many people avoid working with a CPA who specializes in tax planning, which can lead to them not getting the correct advice. This can result in them overpaying taxes, as was the case with one of my clients. By electing that this client be taxed as an S corporation instead of a sole proprietorship, we were able to save them over $47,000 in taxes. Ensuring that business owners are in the r

Nov 22, 2022 • 8:03

Tax Planning vs Tax Preparation: What's the Difference?

Tax Planning vs Tax Preparation: What's the Difference?

Do you know the difference between tax planning and tax preparation? If you're like most people, you probably think they're the same thing. But in reality, they're very different. And when you combine the two, that's how you can maximize your personal and business income investments even after you pay your taxes. So, what is tax planning? Tax planning is creating a strategy to minimize your tax liability. Legally, we execute strategies and minimize your tax burden. And this is actually a year-ro

Nov 15, 2022 • 11:03

8 Steps to Properly Plan Your Exit

8 Steps to Properly Plan Your Exit

"The more that you actually say it, the more you are telling the universe and the powers that be around you that this is what you want. And that is what you will attract." Today we’re talking about how to properly plan your exit from your current job or firm. If you want to make a successful transition, you should follow these eight steps. The first step is to figure out your vision. You should spend some time thinking about what you want your life to look like in ten years and set a deadline. W

Nov 8, 2022 • 12:55

The Truth About What to Delegate in Your Law Firm

The Truth About What to Delegate in Your Law Firm

"My method is a holistic method that actually addresses all of these topics and will do so from a numbers perspective." I'm a law firm owner, and I know that I need to delegate, but I don't always know what to delegate or to whom. I've been working with a CPA who specializes in law firms, and he's helped me understand where I can cut costs and become more profitable. I've also been using technology to streamline my process and handle more clients. This has been a huge help! In this episode, you

Oct 25, 2022 • 12:30

Welcome to the Law & Quarter Podcast!

Welcome to the Law & Quarter Podcast!

I'm Jayden Doye and I'm delighted that you've joined me for the Law & Quarter Podcast. I'm known as the Traveling CPA, and I've dedicated my professional life to helping law firm owners reach new heights and catch more flights. I believe that you don't have to be tied to a desk seven days a week to have a profitable firm. That's why I'm here bringing ideas and information that can help you create a first-class firm that pays you the salary you deserve and provides you with the lifestyle you desi

Sep 12, 2022 • 12:24

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