Nail Your Trust Accounting Compliance—Without the Headaches
Trust Accounting Compliance Services for Law Firms | MGA Consulting
At MGA Consulting LLC, we offer specialized compliance services tailored to law firms. Our thorough and proactive approach ensures regulatory adherence, minimizing risks and allowing you to prioritize client service and firm growth without compliance concerns.
What We Offer
- IOLTA Reconciliations: Detailed three-way reconciliations for trust accounts to meet state bar and ethical standards.
- Regulatory Filings: Accurate preparation and submission of required financial and compliance reports.
- Audit Preparation: Comprehensive reviews and documentation to facilitate smooth internal or external audits.
- Risk Assessments: Ongoing evaluations of bookkeeping and payroll practices to identify and address potential issues early.
Why We're Different
We concentrate solely on law firms, with deep knowledge of ABA guidelines, state-specific regulations, and industry best practices. Our services reduce the likelihood of violations and penalties, providing secure, confidential support that keeps your firm protected and operational.
How It Works
- Assessment: Start with a free review of your current compliance status.
- Implementation: Develop and integrate customized compliance protocols.
- Monitoring: Provide continuous oversight with timely updates and adjustments.
- Reporting: Deliver regular summaries and guidance to maintain full adherence.
Client Success Stories
Frequently Asked Questions
What is IOLTA?
Interest on Lawyers’ Trust Accounts—client funds earn interest for legal aid. We ensure full compliance.
How do you ensure accuracy?
Monthly checks, tech integration, state updates—like 2025’s tighter audits.
What's the pricing?
Tailored for SMBs. Contact us for a free quote—we’re budget-friendly.
Payroll integration?
Yes, automated and tied to trust for error-free ops.
Ready for Comprehensive Compliance?
Schedule a free consultation today by clicking the button below.