What Is Legal Bookkeeping and Why Is It a Service Worth Outsourcing?

What Is Legal Bookkeeping and Why Is It a Service Worth Outsourcing?

Legal bookkeeping is a service that includes recording and monitoring financial transactions while following specific laws and regulations. While legal professionals can handle bookkeeping services independently, it’s a time-consuming, tedious task that most don’t have time for because of their busy, hectic schedules. For that reason, they often look for a bookkeeping specialist who understands the legal requirements for financial reporting and tax compliance and can handle recording and monitoring their transactions.

How to Communicate Price Increases Caused by Inflation to Your Customers

How to Communicate Price Increases Caused by Inflation to Your Customers

During the pandemic, as well as afterwards when inflation was expected to be “transitory,” many businesses resisted raising prices, choosing to accept lower profits and/or cut costs where possible. Now that economists ditched the “transitory” label and high inflation rates appear to be with us for the foreseeable future, businesses are being forced to address those price pressures by raising prices.