Professional Service Firms

Companies that offer services instead of products can face vastly different challenges. We understand these challenges and their corresponding opportunities, as we operate in this industry every day. We are in the business of helping our clients solve their problems and achieve their goals. So whether you’re an architecture and engineering firm, staffing agency, law firm, advertising agency, leasing company, or any other business creating a value-added service, our experience working with companies like yours can help you tackle those challenges. Some of the challenges that professional service firms face include:

• Primary owners, who are also the company’s primary revenue producers, spending more time “in” the business than “on” the business
• A higher degree of profitability that increases the need for effective tax saving and deferred compensation strategies
• Bringing on new partners or shareholders and buying out exiting owners
• Identifying and evaluating acquisition targets
• Determining which types of incentive and retirement plans are best for the business
• Evaluating whether the time is right to sell the company or form an employee stock ownership plan (ESOP)

Practice Leader: Scott Young – jsyoung@cpa-wfy.com