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Tax,
Law Practice

Dec. 10, 2020

Year-end invoices, payments and tax deferral, oh my! A guide for lawyers

Year-end is always a stressful time, even in a normal year. Amidst year-end invoicing, collections, bonuses to consider, office and personal gifts, and all those holiday parties, it can take a toll.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

Year-end is always a stressful time, even in a normal year. Amidst year-end invoicing, collections, bonuses to consider, office and personal gifts, and all those holiday parties, it can take a toll. Of course, this year is different, in just about every way. Eggnog via Zoom? But some things still need doing, and taxes are one of them.

Our tax system is annual, and most law firms, like individuals, operate on a calendar year. That me...

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