Professional Service Firms
Professional service firms, such as law firms, consulting firms, insurance brokers, engineering and architectural firms, are facing an increasingly competitive and complex business environment. Firms continue to face significant issues including downward pressure on professional fees, risks associated with domestic and global expansion, talent acquisition and retention, succession planning, leveraging technology, and the need to consider a change in the current business model in order to adapt to these challenges. Constant changes in tax regulations and accounting standards will require professional service firms to stay informed in a timely manner and understand the potential impact to the firm and its stakeholders.
We understand these challenges. We work with our clients to help them stay informed and to navigate through these tax and accounting issues. Our specialized practice focuses on the needs of service providers and we have deep experience addressing complex partnership taxation and accounting issues.