Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Watch Out! Personal Expenses Can Sink Your Business Finances Fast! #legalaccounting #lawfirms

9 Feb 2026 · 1 min

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0:39

In this brief conversational segment, the speakers discuss the hidden danger of charging personal expenses to a law firm’s accounts. They illustrate how seemingly small items—such as a boat outing, Netflix subscriptions, family meals at restaurants—can quickly accumulate and jeopardize a firm’s financial health. The dialogue highlights a common pattern among attorneys who misuse firm funds for personal benefits and warns listeners to be vigilant, especially in light of significant regulatory and tax changes that took effect mid‑2025 and continue into 2026.

I didn't take that much out last year.
Well, let's go look at it.
Yep, and then all of a sudden it's like you get that deadpan of silence. Did you not take your boat out and pay for it out of company money? Oh yeah, I did that. And now did you buy this or did you buy that or did you have Netflix? You start adding that up, it adds up so fast. And then all of a sudden it's like, hmm.
The people that just go out to restaurants and take their families and everything and then put it in the firm as meals, you know, it's like, ooh, be careful. A lot with attorneys.
Yeah. Well, and be aware of all the big changes that have happened for 2026 and changes that occurred for 2025 mid-year.