Accounting for Professional Services
As a professional service provider, we understand the pain points of this industry. We combine our expertise with personalized service to tailor a plan that suits your individual needs so that you can focus on your business.
The professional service industry deals with a constantly changing landscape driven by both employee and client demands. Emerging technologies and automation also create new complexities that drive innovation and, also, challenges.
Professional service providers include law firms and attorneys, doctors, engineers, consultants, insurance agents, project managers, marketing gurus, wealth managers and coaches. In these service industries, we face unique challenges as a business owner. Time and money in this industry is devoted to improving knowledge so that you can provide knowledge-based services to clients. For this reason, people, including yourself, are your most valued asset.
Since 1984, with service providers as the backbone of our business, McNurlin, Hitchcock & Associates, PC has provided accounting, tax planning, compliance, payroll processing, and business consulting services needed by the professional services industry. We are well poised to understand these unique challenges because we, too, are a professional service provider. Our experts can help with the following tasks:
- Accounting system setup
- Education and training
- Assistance with payroll setup
- Retirement plan options for yourself and your employees
- Strategic financial planning
- Tax minimization strategies
- State and local sales tax compliance
In addition, our specialized experts can also provide tools to help maximize profits. These tools could include assistance with calculation of your burden rates, billing rates, determination of KPIs and cost per hour calculations. Through our specialize expertise, we are here to help all professional service providers maximize their profits.
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Schedule an appointment to discuss your business and how we can help you achieve maximum success through strong accounting systems and data analysis.
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