Professional Services


Running a professional services firm is not just about practicing your craft; it’s also about managing a successful and profitable business. Firms in the professional services industry all face the same fundamental challenges: aligning their most valuable assets – the talents and abilities of their employees – with the strategy and organization of the firm while contributing to their clients’ success.

As a professional services firm ourselves, we understand the complexities of the professional service industry. Our professional service clients, including law firms, engineers, insurance brokers and agencies, architects, interior designers, and advertising agencies rely on us to help improve financial results and ultimately meet growth and profitability goals. In our role as business advisors, we provide consultation on management and operational procedures to increase profitability and efficiency of operations while minimizing tax consequences.

Our professional services clients rely on us for the following:

  • Analysis of trust account activity for compliance with State Bar rules
  • Attestation engagements: examinations, reviews, and agreed-upon procedures
  • Budgeting
  • Cash flow analysis
  • Compensation strategies
  • Development of partner accountability criteria
  • Development of systems and internal controls protect assets
  • Employee benefit services
  • Financial forecasts and projections
  • Financial statements: audits, reviews, compilations, and agreed-upon procedures
  • Information return reporting (i.e., 1099s)
  • Internal control attest and assurance procedures
  • International tax planning and preparation
  • Operating procedures
  • Profitability analysis
  • Representation before taxing authorities
  • Review of fee agreement wording
  • Tax planning and consulting

For more information, please contact:

Lance G. Adams, CPA
Timothy J. Good, CPA, MST
Susan A. Laputz, CPA, MST
Guy A. Nicio, CPA, MST

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