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The 1099 Threshold Just Changed: What $2,000 (Instead of $600) Really Means for Your Contractor Payments

The 1099 Threshold Just Changed: What $2,000 (Instead of $600) Really Means for Your Contractor Payments

by Charlene | Aug 21, 2026 | Bookkeeping, Tax

If you pay contractors, freelancers, or vendors, you’ve probably heard the 1099 threshold for contractors just went up to $2,000. What’s less talked about is what hasn’t changed — and that’s the part that matters for your bookkeeping. What...
How to Build a Simple Monthly Money Review (That You’ll Actually Do)

How to Build a Simple Monthly Money Review (That You’ll Actually Do)

by Charlene | Aug 17, 2026 | Bookkeeping

If you run a service-based business, you already know you should be doing a monthly money review. You’ve probably even tried. Maybe you blocked out an afternoon, opened your accounting software, stared at a report you didn’t fully understand, and closed...
What a Collapsed Law Firm Can Teach You About Cash Flow

What a Collapsed Law Firm Can Teach You About Cash Flow

by Charlene | Jul 16, 2026 | Bookkeeping, Reports

BLB Solicitors — a multi-office firm in the West of England — closed its doors in May. Three years ago, it was profitable. What it lacked, like many firms, was clear law firm cash flow visibility. The administrator’s report pointed to rising financial pressures,...
Mid-Year Financial Health Check: EOFY has taken centre stage — Now It’s Time to Plan Ahead

Mid-Year Financial Health Check: EOFY has taken centre stage — Now It’s Time to Plan Ahead

by Bernice Grobler | Jul 11, 2026 | Bookkeeping

Your accounts are being finalised, tax records should be in order, and another EOFY has been ticked off the list — which makes this the perfect moment for a law firm financial health check. Now comes the important question: What do the numbers tell you about the next...
Why Law Firms Struggle with Cash Flow (and How to Fix It)

Why Law Firms Struggle with Cash Flow (and How to Fix It)

by Bernice Grobler | May 12, 2026 | Bookkeeping

Cash flow is the lifeblood of any business—but for many law firms, it’s a constant source of frustration. Even profitable firms can find themselves under pressure when cash isn’t coming in at the right time. From our experience working with legal practices across...
Why Crowned Bookkeepers Is Shifting Its Focus to Law Firms — And Why That’s Good News for Solicitors

Why Crowned Bookkeepers Is Shifting Its Focus to Law Firms — And Why That’s Good News for Solicitors

by Charlene | May 2, 2026 | Bookkeeping

Let me be completely honest with you. I didn’t wake up one morning with a burning passion for bookkeeping for law firms — but that’s exactly where Crowned Bookkeepers is now focused, and here’s why. My background wasn’t in the legal world....
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Crowned Bookkeepers refers to our companies in UK, Australia and USA. Crowned Bookkeepers Pty Ltd in Australia is a separate legal entity and has no liability for another entity’s acts and omissions. Liability limited by a scheme approved under Professional Standards Legislation. All rights reserved. 

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