Professional Service Firm Resources

Valuing your Professional Service Firm

Valuing your Professional Service Firm

There are several applications in which the valuation of your business can deliver insight for guiding critical strategic decisions. For example, below are some common scenarios in which a valuation of your professional service firm may be helpful:

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5 Growth Strategies for a Professional Service Firm

5 Growth Strategies for a Professional Service Firm

According to IBISWorld, most professional service firms’ revenue has been adjusted to decline in 2021 due to a falling demand and tighter budgets. The professional services industry is facing how best to reconfigure, rethink and redirect its energies in the future.

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Benchmarking Your Professional Service Firm

Benchmarking Your Professional Service Firm

Like many others, the professional services industry is walking a tightrope to manage cash flow and maintain their workforce. Benchmarking can be a crucial tool right now during the pandemic and as 2020 comes to a close.

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Accounting Basics for the Professional Services Industry

Accounting Basics for the Professional Services Industry

Accounting can be complicated and is a crucial component of a firm’s operations, regardless of its size. Many growing professional service firms struggle to create well-tuned accounting processes, especially as systems need to change to support increased activity.

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R&D Tax Credits: Easy & Effective Tax Savings

R&D Tax Credits: Easy & Effective Tax Savings

The Research and Development (R&D) Tax Credit is one of the best opportunities for businesses to reduce their tax liabilities, improve cash flow, and increase earnings-per-share. This tax credit was initially enacted in 1981 to incentivize companies to increase their investment in developing new or improved products or processes.

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