Lawyers

Legal professionals have a significant number of considerations demanding their attention on a daily basis. Between prepping for your next case to researching new legal developments to marketing your firm, there’s little time left over to ensure your business is running as efficiently and effectively as possible.

Whether you are just starting a practice or planning for your retirement, we help you identify and answer any key questions to ensure you understand your options and make the best choices that fit with your unique situation and goals.

We work with hundreds of Canada’s top legal minds, helping them to make their practice as sharp as their abilities in the courtroom. Our business advisors are committed to understanding the industry dynamics that are affecting all legal practices, as well as the unique influences and trends that may impact you personally.

Solutions for Your Success 

Every legal practice is unique. Get the customized solutions you need to reach your goals. 

  • Assurance and Accounting 

    No matter the size of your organization, you need accurate financial statements to help you understand both your current state and the possibilities for the future. We provide a range of assurance services while offering support to help you understand your financial reporting outcomes and requirements.

  • Consulting 

    Running a successful legal practice requires knowledge and expertise in a wide range of areas, including management, human resources, and performance improvement. We optimize all aspects of your business to grow your bottom line, attract top talent, and help you reach your goals. 

  • Corporate Finance 

    Whether you’re looking to sell your practice, or you’re thinking about acquiring or merging with another, we ensure you receive maximum value through your transaction, while providing support every step of the way. 

  • Enterprise Risk

    Protect what you’ve built. We help you identify and prioritize your key operational risks, create risk mitigation strategies and develop preparedness plans in the event of an emergency.  

  • Succession

    Your next chapter starts sooner than you think. We can help you prepare. Our team works to understand your individual goals and develop a retirement and succession plan tailored to meet your needs.

  • Tax Planning  

    Virtually everything you do has tax implications. We identify and implement key strategies aimed at minimizing your taxes, both personally and professionally, including advice on incorporating your practice and income splitting strategies. 

  • Valuations

    Whether you are buying or selling, building a succession plan, or dealing with a legal dispute, business valuations provided by our Chartered Business Valuators and Accredited Appraisers are essential for assessing the true value of a business.

    Insights

    • Confidence

      November 28, 2022

      What you need to know about the CRA’s self-assessment tax audit process

      How do you prepare when the CRA requests an audit of specific expenses or deductions you’ve made?

    • Progress

      November 10, 2022

      What are the tax implications of owning vacation property in the U.S.?

      Owning a vacation property in the United States can come with tax complexities but they don’t have to be challenging if you know what to do.

    • Confidence

      November 01, 2022

      Corporate-owned Life Insurance as an Estate Planning Tool for Business Owners

      Did you know that you can use your business to purchase and use life insurance to cover costs that may arise after you die?

    Contact our Professionals Team

    Calvin Carpenter CPA, CA

    Vice President, Professional Services

    Calvin Carpenter, CPA, CA, is the Vice President of MNP’s Professional Services team. Working closely with medical and dental professionals, Calvin provides valuable advice to help clients reach their business and personal goals. Calvin’s experience in forecasting, tax planning and other key areas helps ensure his clients have a sound strategy for the future. He specializes in developing customized plans for clients interested in starting or purchasing their own practice.

    Calvin also advises owner-managers on how to operate their businesses as efficiently and effectively as possible. Through performance management, industry benchmarking, tax planning and other essential tools, he helps his clients measure their business performance and enhance profitability. Calvin is dedicated to providing his clients with information that empowers them to make informed business decisions. He has given presentations to medical and dental groups on various key issue areas such as incorporation, Canadian tax updates, corporate investment strategies, GST, fraud and practice transition.

    Calvin earned his Chartered Accountant (CA) designation from the Alberta Institute of Chartered Accountants in 1990. He completed a Bachelor of Management degree from the University of Lethbridge in 1986.